Wingstop Inc. (NASDAQ:WING) Receives $290.83 Consensus Price Target from Analysts

Shares of Wingstop Inc. (NASDAQ:WING) have received an average rating of “Hold” from the eighteen analysts that are currently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $290.83.

WING has been the subject of several research analyst reports. Stifel Nicolaus raised their price target on shares of Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Truist Financial restated a “hold” rating and set a $292.00 price target on shares of Wingstop in a research note on Monday, April 1st. Sanford C. Bernstein initiated coverage on shares of Wingstop in a research note on Wednesday, February 14th. They set an “outperform” rating and a $340.00 price target for the company. Stephens started coverage on shares of Wingstop in a research note on Friday, April 12th. They set an “overweight” rating and a $425.00 price target for the company. Finally, Robert W. Baird lifted their price objective on shares of Wingstop from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd.

Insider Buying and Selling at Wingstop

In other news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the sale, the chief executive officer now directly owns 17,107 shares of the company’s stock, valued at approximately $5,771,901.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Wingstop news, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the transaction, the chief executive officer now directly owns 17,107 shares in the company, valued at $5,771,901.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the sale, the director now directly owns 5,450 shares of the company’s stock, valued at approximately $1,852,291.50. The disclosure for this sale can be found here. Insiders sold a total of 14,901 shares of company stock valued at $5,120,605 in the last three months. Company insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. McGlone Suttner Wealth Management Inc. purchased a new position in Wingstop in the 4th quarter worth approximately $28,000. Rise Advisors LLC bought a new stake in Wingstop during the 1st quarter valued at $29,000. Headlands Technologies LLC purchased a new stake in Wingstop during the 3rd quarter valued at $38,000. FSC Wealth Advisors LLC purchased a new stake in Wingstop during the 4th quarter valued at $39,000. Finally, GAMMA Investing LLC grew its holdings in Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 40 shares during the last quarter.

Wingstop Stock Performance

NASDAQ:WING opened at $364.73 on Friday. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 155.20, a price-to-earnings-growth ratio of 6.16 and a beta of 1.68. Wingstop has a 52 week low of $150.08 and a 52 week high of $379.00. The firm has a 50-day moving average price of $351.10 and a two-hundred day moving average price of $278.19.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 EPS for the quarter, beating the consensus estimate of $0.57 by $0.07. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The firm had revenue of $127.06 million during the quarter, compared to analyst estimates of $120.47 million. During the same quarter last year, the business posted $0.60 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, sell-side analysts forecast that Wingstop will post 3 earnings per share for the current year.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.24%. The ex-dividend date was Thursday, March 7th. Wingstop’s payout ratio is 37.45%.

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.