Wingstop Inc. (NASDAQ:WING – Get Rating) has been given an average recommendation of "Hold" by the twenty research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $139.65.

Several research analysts have weighed in on WING shares. Royal Bank of Canada boosted their price objective on Wingstop from $100.00 to $115.00 in a research report on Friday, July 29th. Morgan Stanley upped their price target on Wingstop from $108.00 to $118.00 and gave the company an "equal weight" rating in a research report on Friday, July 29th. Cowen upped their price target on Wingstop from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Monday, August 8th. Cowen upped their price target on Wingstop from $140.00 to $150.00 in a research report on Monday, August 8th. Finally, Barclays upped their price target on Wingstop from $101.00 to $144.00 in a research report on Friday, July 29th.

Wingstop Trading Down 1.3 %

WING stock opened at $132.62 on Thursday. The stock's fifty day simple moving average is $123.62 and its two-hundred day simple moving average is $104.24. Wingstop has a 1-year low of $67.67 and a 1-year high of $186.47. The stock has a market cap of $3.97 billion, a P/E ratio of 98.97, a P/E/G ratio of 7.85 and a beta of 1.71.

Wingstop Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 12th were paid a $0.19 dividend. This is a positive change from Wingstop's previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, August 11th. Wingstop's dividend payout ratio is currently 56.72%.

Hedge Funds Weigh In On Wingstop

Institutional investors have recently added to or reduced their stakes in the business. Castle Wealth Management LLC bought a new position in Wingstop in the 2nd quarter worth about $45,000. Lindbrook Capital LLC increased its stake in Wingstop by 12.9% in the 2nd quarter. Lindbrook Capital LLC now owns 807 shares of the restaurant operator's stock worth $60,000 after acquiring an additional 92 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Wingstop by 3,766.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 812 shares of the restaurant operator's stock worth $60,000 after acquiring an additional 791 shares during the last quarter. Fifth Third Bancorp increased its stake in Wingstop by 11.9% in the 2nd quarter. Fifth Third Bancorp now owns 838 shares of the restaurant operator's stock worth $63,000 after acquiring an additional 89 shares during the last quarter. Finally, Gladius Capital Management LP increased its stake in Wingstop by 20.2% in the 1st quarter. Gladius Capital Management LP now owns 1,254 shares of the restaurant operator's stock worth $148,000 after acquiring an additional 211 shares during the last quarter.

Wingstop Company Profile

(Get Rating)

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. As of December 25, 2021, the company had 1,695 franchised restaurants and 36 company-owned restaurants in 44 states and 7 countries worldwide.

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