Wingstop (NASDAQ:WING) PT Raised to $458.00

Wingstop (NASDAQ:WING) had its target price increased by The Goldman Sachs Group from $407.00 to $458.00 in a report issued on Thursday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the restaurant operator’s stock.

Several other research firms also recently commented on WING. Bank of America raised their target price on Wingstop from $421.00 to $461.00 and gave the stock a buy rating in a research report on Thursday, May 2nd. Jefferies Financial Group increased their price objective on shares of Wingstop from $310.00 to $335.00 and gave the company a hold rating in a report on Tuesday, April 16th. Raymond James upgraded shares of Wingstop from a market perform rating to an outperform rating and set a $42.00 price target on the stock in a research report on Thursday. Morgan Stanley raised their price objective on shares of Wingstop from $390.00 to $400.00 and gave the stock an equal weight rating in a report on Tuesday, July 16th. Finally, Wedbush restated an outperform rating and issued a $425.00 target price on shares of Wingstop in a research note on Friday, July 19th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $377.53.

Wingstop Trading Down 2.4 %

WING stock opened at $362.70 on Thursday. The firm has a 50-day moving average of $393.76 and a two-hundred day moving average of $362.72. The firm has a market capitalization of $10.63 billion, a PE ratio of 129.08, a P/E/G ratio of 3.96 and a beta of 1.70. Wingstop has a one year low of $150.08 and a one year high of $431.03.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.11. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The firm had revenue of $155.70 million for the quarter, compared to analyst estimates of $146.04 million. During the same quarter last year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was up 45.3% on a year-over-year basis. On average, equities research analysts anticipate that Wingstop will post 3.71 earnings per share for the current year.

Wingstop Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.30%. This is a boost from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, August 16th. Wingstop’s payout ratio is presently 31.32%.

Insider Buying and Selling

In other Wingstop news, SVP Albert G. Mcgrath sold 4,230 shares of Wingstop stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the completion of the sale, the senior vice president now owns 8,170 shares of the company’s stock, valued at $3,238,588. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Albert G. Mcgrath sold 4,230 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total value of $1,676,772.00. Following the completion of the sale, the senior vice president now owns 8,170 shares of the company’s stock, valued at approximately $3,238,588. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ania Smith sold 566 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total value of $215,595.06. Following the completion of the sale, the director now directly owns 1,164 shares of the company’s stock, valued at approximately $443,379.24. The disclosure for this sale can be found here. Insiders sold a total of 6,191 shares of company stock worth $2,443,547 over the last ninety days. 0.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its stake in shares of Wingstop by 542.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,773 shares of the restaurant operator’s stock worth $2,764,000 after buying an additional 9,097 shares during the last quarter. Capstone Investment Advisors LLC lifted its holdings in shares of Wingstop by 235.2% during the 4th quarter. Capstone Investment Advisors LLC now owns 10,825 shares of the restaurant operator’s stock valued at $2,777,000 after buying an additional 7,596 shares during the period. Illinois Municipal Retirement Fund bought a new position in Wingstop in the 1st quarter worth $1,355,000. Goldman Sachs Group Inc. raised its holdings in Wingstop by 14.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 279,938 shares of the restaurant operator’s stock worth $71,827,000 after purchasing an additional 36,017 shares during the period. Finally, Axiom Investors LLC DE purchased a new stake in Wingstop in the 4th quarter worth $11,006,000.

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.