Wingstop (NASDAQ:WING) Sets New 12-Month High at $186.54

Shares of Wingstop Inc. (NASDAQ:WING) reached a new 52-week high during trading on Thursday . The stock traded as high as $186.54 and last traded at $185.80, with a volume of 2577 shares traded. The stock had previously closed at $180.70.

Several analysts recently commented on WING shares. Wedbush raised their price objective on shares of Wingstop from $180.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, September 13th. BMO Capital Markets boosted their target price on shares of Wingstop from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, July 29th. Cowen boosted their price objective on shares of Wingstop from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, July 29th. Truist boosted their price objective on shares of Wingstop from $185.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, July 26th. Finally, Morgan Stanley boosted their target price on shares of Wingstop from $161.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 29th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $174.06.

The company has a market capitalization of $5.45 billion, a P/E ratio of 192.88, a PEG ratio of 11.23 and a beta of 1.33. The stock has a fifty day simple moving average of $170.10 and a 200-day simple moving average of $150.98.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, July 28th. The restaurant operator reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.05. The company had revenue of $74.00 million during the quarter, compared to analysts’ expectations of $73.38 million. Wingstop had a negative return on equity of 13.51% and a net margin of 10.35%. As a group, research analysts forecast that Wingstop Inc. will post 1.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 3rd. Stockholders of record on Friday, August 13th were paid a $0.17 dividend. The ex-dividend date was Thursday, August 12th. This is a positive change from Wingstop’s previous quarterly dividend of $0.14. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.37%. Wingstop’s dividend payout ratio (DPR) is 62.39%.

In other news, CEO Charles R. Morrison sold 29,811 shares of Wingstop stock in a transaction dated Friday, July 30th. The stock was sold at an average price of $171.81, for a total transaction of $5,121,827.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Skipworth sold 10,665 shares of the business’s stock in a transaction that occurred on Wednesday, July 28th. The shares were sold at an average price of $160.02, for a total value of $1,706,613.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,171 shares of company stock valued at $14,120,700. 0.61% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sowell Financial Services LLC increased its position in shares of Wingstop by 760.0% during the 1st quarter. Sowell Financial Services LLC now owns 172 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 152 shares during the last quarter. Point72 Hong Kong Ltd increased its holdings in shares of Wingstop by 291.8% during the 1st quarter. Point72 Hong Kong Ltd now owns 333 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 248 shares during the last quarter. Captrust Financial Advisors grew its holdings in Wingstop by 694.5% in the 1st quarter. Captrust Financial Advisors now owns 437 shares of the restaurant operator’s stock valued at $56,000 after buying an additional 382 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Wingstop in the 1st quarter valued at $57,000. Finally, Fifth Third Bancorp grew its holdings in Wingstop by 21.2% in the 1st quarter. Fifth Third Bancorp now owns 680 shares of the restaurant operator’s stock valued at $86,000 after buying an additional 119 shares in the last quarter.

Wingstop Company Profile (NASDAQ:WING)

Wingstop, Inc is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. It operates through Franchise and Company segments. The Franchise segment consists of domestic and international franchise restaurants. The Company segment comprises company-owned restaurants.

Featured Story: Debt-To-Equity Ratio

Receive News & Ratings for Wingstop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop and related companies with MarketBeat.com's FREE daily email newsletter.