Wingstop Inc. (NASDAQ:WING) Stock Has Consensus Target Price of $236.44 According to Brokerages

Wingstop Inc. (NASDAQ:WING) has been given an average rating of “Moderate Buy” by the thirty research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, twenty-one have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $236.44.

A number of equities research analysts have recently issued reports on the company. Mizuho reduced their price objective on Wingstop from $280.00 to $240.00 and set an “outperform” rating for the company in a report on Friday, July 24th. TD Cowen lowered their target price on Wingstop from $160.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, September 11th. Robert W. Baird raised Wingstop to a “strong-buy” rating in a report on Monday, August 24th. BTIG Research reduced their price target on Wingstop from $305.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Wells Fargo & Company reduced their price target on Wingstop from $170.00 to $165.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th.

Wingstop Price Performance

Shares of WING opened at $118.50 on Tuesday. The company’s 50-day moving average is $111.70 and its 200-day moving average is $140.44. The firm has a market capitalization of $3.23 billion, a PE ratio of 28.15, a PEG ratio of 1.39 and a beta of 1.81. Wingstop has a fifty-two week low of $95.82 and a fifty-two week high of $302.80.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, July 29th. The restaurant operator reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. Wingstop had a net margin of 16.15% and a negative return on equity of 16.31%. The business had revenue of $185.56 million during the quarter, compared to the consensus estimate of $190.25 million. During the same quarter in the previous year, the firm posted $1.00 EPS. Wingstop’s revenue was up 6.5% compared to the same quarter last year. Analysts predict that Wingstop will post 4.49 earnings per share for the current fiscal year.

Wingstop Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, September 5th. Stockholders of record on Saturday, August 15th were issued a dividend of $0.33 per share. This is an increase from Wingstop’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 14th. Wingstop’s payout ratio is 31.35%.

Institutional Trading of Wingstop

Institutional investors have recently bought and sold shares of the business. Allworth Financial LP acquired a new stake in shares of Wingstop in the second quarter valued at approximately $34,000. Harbor Investment Advisory LLC acquired a new stake in Wingstop during the second quarter worth approximately $46,000. Global Retirement Partners LLC acquired a new stake in Wingstop during the second quarter worth approximately $62,000. GAMMA Investing LLC increased its stake in Wingstop by 35.9% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the restaurant operator’s stock worth $66,000 after acquiring an additional 101 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Wingstop in the 2nd quarter valued at $69,000.

Wingstop Company Profile

Wingstop Inc is a restaurant company that specializes in made-to-order chicken wings and related menu items. Its offerings include classic and boneless wings prepared with a variety of signature flavors, as well as chicken sandwiches, tenders, seasoned fries, sides, dips and beverages. The company serves customers through dine-in, takeout, delivery and digital ordering channels.

Founded in 1994 in Garland, Texas, Wingstop has developed primarily as a franchised restaurant brand. The company supports its franchisees through brand marketing, restaurant development, operating systems, menu innovation and supply-chain coordination, while franchisees generally own and operate individual locations.