Wingstop Inc. (NASDAQ:WING) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Wingstop Inc. (NASDAQ:WING) have been assigned an average recommendation of “Moderate Buy” from the thirty-three analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $274.8214.

A number of research analysts recently issued reports on the company. Wells Fargo & Company cut their price target on Wingstop from $225.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. BNP Paribas Exane began coverage on shares of Wingstop in a research report on Monday, March 30th. They issued an “outperform” rating and a $275.00 price objective for the company. Piper Sandler raised shares of Wingstop from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $283.00 to $190.00 in a research note on Thursday, April 2nd. Wolfe Research started coverage on shares of Wingstop in a research report on Monday, March 9th. They set an “outperform” rating and a $320.00 target price on the stock. Finally, Barclays decreased their price target on shares of Wingstop from $330.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th.

Institutional Investors Weigh In On Wingstop

A number of institutional investors and hedge funds have recently made changes to their positions in WING. Vident Advisory LLC increased its position in Wingstop by 3.9% in the fourth quarter. Vident Advisory LLC now owns 959 shares of the restaurant operator’s stock worth $229,000 after purchasing an additional 36 shares during the period. Allworth Financial LP lifted its position in Wingstop by 17.3% during the 3rd quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 39 shares during the period. YANKCOM Partnership boosted its stake in shares of Wingstop by 10.1% in the 4th quarter. YANKCOM Partnership now owns 426 shares of the restaurant operator’s stock valued at $102,000 after purchasing an additional 39 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Wingstop by 1.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,628 shares of the restaurant operator’s stock valued at $627,000 after purchasing an additional 45 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its position in shares of Wingstop by 54.3% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock worth $36,000 after buying an additional 50 shares during the period.

Wingstop Trading Up 0.3%

NASDAQ:WING opened at $143.86 on Wednesday. Wingstop has a 1 year low of $116.35 and a 1 year high of $388.14. The firm has a 50 day moving average of $156.50 and a 200-day moving average of $214.52. The stock has a market capitalization of $3.92 billion, a P/E ratio of 35.79, a price-to-earnings-growth ratio of 1.60 and a beta of 1.82.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The business had revenue of $183.73 million for the quarter, compared to analyst estimates of $187.82 million. During the same period in the prior year, the company earned $0.99 EPS. Wingstop’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, analysts forecast that Wingstop will post 4.59 EPS for the current fiscal year.

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, May 15th. Wingstop’s dividend payout ratio (DPR) is presently 29.85%.

Wingstop Company Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.