Wingstop (NASDAQ:WING) PT Raised to $100.00

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Wingstop (NASDAQ:WING) had its price objective hoisted by Stifel Nicolaus from $92.00 to $100.00 in a research report sent to investors on Friday, BenzingaRatingsTable reports. The firm currently has a buy rating on the restaurant operator’s stock.

Several other analysts have also issued reports on the company. Northcoast Research initiated coverage on Wingstop in a report on Tuesday, July 30th. They set a sell rating on the stock. Piper Jaffray Companies upped their target price on Wingstop from $88.00 to $108.00 and gave the stock an overweight rating in a report on Monday, July 15th. BidaskClub lowered Wingstop from a strong-buy rating to a buy rating in a report on Friday. Wells Fargo & Co upped their target price on Wingstop from $85.00 to $111.00 and gave the stock an outperform rating in a report on Monday, July 22nd. Finally, Goldman Sachs Group initiated coverage on Wingstop in a report on Monday, July 29th. They set a buy rating and a $135.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $89.93.

WING opened at $91.86 on Friday. Wingstop has a 52-week low of $56.95 and a 52-week high of $99.76. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 109.36, a PEG ratio of 6.49 and a beta of 0.85. The stock’s 50-day moving average is $94.35.

Wingstop (NASDAQ:WING) last released its earnings results on Thursday, August 1st. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Wingstop had a negative return on equity of 11.09% and a net margin of 11.54%. The business had revenue of $48.56 million for the quarter, compared to analyst estimates of $47.53 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. Wingstop’s revenue was up 31.1% on a year-over-year basis. On average, equities analysts forecast that Wingstop will post 0.73 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Thursday, August 29th. This is an increase from Wingstop’s previous quarterly dividend of $0.09. Wingstop’s payout ratio is 42.86%.

In other news, insider Madison Jobe sold 2,823 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $77.98, for a total value of $220,137.54. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Lawrence Kruguer sold 1,466 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $79.72, for a total value of $116,869.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,678 shares of company stock worth $2,374,961. Company insiders own 1.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Manchester Capital Management LLC acquired a new position in shares of Wingstop in the first quarter valued at approximately $40,000. First Mercantile Trust Co. acquired a new position in shares of Wingstop in the first quarter valued at approximately $209,000. Miles Capital Inc. acquired a new position in shares of Wingstop in the first quarter valued at approximately $216,000. Magnus Financial Group LLC acquired a new position in shares of Wingstop in the first quarter valued at approximately $221,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Wingstop in the first quarter valued at approximately $224,000.

About Wingstop

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.

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