Analysts Set Wingstop Inc. (NASDAQ:WING) Price Target at $375.63

Shares of Wingstop Inc. (NASDAQ:WING) have earned an average rating of “Moderate Buy” from the nineteen brokerages that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $368.74.

WING has been the subject of a number of analyst reports. Truist Financial boosted their price target on Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. BMO Capital Markets upped their target price on Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Stephens dropped their price target on shares of Wingstop from $490.00 to $468.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Citigroup upped their price objective on shares of Wingstop from $417.00 to $440.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Finally, Northcoast Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price objective for the company in a research report on Friday, November 1st.

Institutional Trading of Wingstop

Several large investors have recently added to or reduced their stakes in WING. Hollencrest Capital Management acquired a new position in shares of Wingstop in the 2nd quarter worth approximately $27,000. Ashton Thomas Private Wealth LLC acquired a new position in Wingstop in the second quarter worth $34,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Wingstop by 60.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 35 shares during the last quarter. V Square Quantitative Management LLC increased its stake in shares of Wingstop by 60.6% in the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 40 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Wingstop by 384.6% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after buying an additional 100 shares in the last quarter.

Wingstop Stock Performance

NASDAQ:WING opened at $343.51 on Tuesday. The company has a market capitalization of $10.03 billion, a P/E ratio of 100.15, a P/E/G ratio of 3.17 and a beta of 1.76. The stock’s 50 day moving average price is $379.68 and its 200 day moving average price is $385.91. Wingstop has a 52 week low of $210.94 and a 52 week high of $433.86.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The business had revenue of $162.50 million for the quarter, compared to analyst estimates of $160.24 million. During the same quarter last year, the company earned $0.69 EPS. The business’s revenue for the quarter was up 38.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Wingstop will post 3.68 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.27 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.08 annualized dividend and a dividend yield of 0.31%. Wingstop’s dividend payout ratio is presently 31.49%.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.