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.
Get Wingstop alerts: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 (NASDAQ:WING – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The restaurant operator reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.10. Wingstop had a negative return on equity of 10.82% and a net margin of 13.49%. The business had revenue of $83.78 million for the quarter, compared to analysts' expectations of $86.11 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business's revenue was up 13.2% on a year-over-year basis. As a group, analysts forecast that Wingstop will post 1.57 earnings per share for the current fiscal year.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
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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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