Wingstop (NASDAQ:WING) Reaches New 52-Week High at $400.74

Wingstop Inc. (NASDAQ:WING)’s share price reached a new 52-week high on Monday . The stock traded as high as $400.74 and last traded at $398.58, with a volume of 114222 shares changing hands. The stock had previously closed at $388.55.

Analysts Set New Price Targets

WING has been the topic of several research reports. Stifel Nicolaus raised their price objective on shares of Wingstop from $270.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, February 16th. TD Cowen restated a “buy” rating and set a $410.00 price objective on shares of Wingstop in a research report on Wednesday, May 1st. Robert W. Baird raised their price objective on shares of Wingstop from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday. Sanford C. Bernstein initiated coverage on shares of Wingstop in a research report on Wednesday, February 14th. They set an “outperform” rating and a $340.00 price objective on the stock. Finally, Jefferies Financial Group raised their price objective on shares of Wingstop from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $330.39.

Wingstop Stock Up 2.0 %

The business’s 50-day simple moving average is $360.49 and its 200-day simple moving average is $289.47. The stock has a market cap of $11.64 billion, a PE ratio of 138.27, a PEG ratio of 5.32 and a beta of 1.67.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The firm had revenue of $145.70 million for the quarter, compared to analysts’ expectations of $136.34 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. The company’s revenue for the quarter was up 34.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Wingstop Inc. will post 3.4 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Thursday, May 16th. Wingstop’s payout ratio is 31.32%.

Insider Buying and Selling at Wingstop

In other Wingstop news, SVP Marisa Carona sold 2,586 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the transaction, the senior vice president now owns 1,646 shares in the company, valued at $612,246.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Marisa Carona sold 2,586 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at $612,246.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Skipworth sold 10,843 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the sale, the chief executive officer now directly owns 17,107 shares in the company, valued at approximately $5,771,901.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,901 shares of company stock worth $5,120,605. 0.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Wingstop

Several hedge funds have recently bought and sold shares of WING. Rise Advisors LLC bought a new position in shares of Wingstop in the first quarter worth approximately $29,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Wingstop in the fourth quarter worth approximately $28,000. GAMMA Investing LLC lifted its stake in shares of Wingstop by 53.3% in the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after buying an additional 40 shares in the last quarter. FSC Wealth Advisors LLC bought a new position in shares of Wingstop in the fourth quarter worth approximately $39,000. Finally, Riverview Trust Co bought a new position in shares of Wingstop in the first quarter worth approximately $66,000.

About Wingstop

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.