Wingstop Inc. (NASDAQ:WING) Receives Average Rating of “Moderate Buy” from Analysts

Wingstop Inc. (NASDAQ:WING) has been assigned an average rating of “Moderate Buy” from the thirty-two ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $260.8889.

A number of research analysts have issued reports on WING shares. Morgan Stanley reiterated an “overweight” rating and set a $255.00 price target on shares of Wingstop in a research report on Thursday, April 30th. UBS Group reduced their price target on Wingstop from $210.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, June 9th. TD Cowen reiterated a “hold” rating and set a $160.00 price target on shares of Wingstop in a research report on Thursday, June 4th. Wells Fargo & Company reduced their price target on Wingstop from $225.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Stifel Nicolaus reduced their price target on Wingstop from $325.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 26th.

Wingstop Price Performance

NASDAQ:WING opened at $166.76 on Friday. Wingstop has a 12-month low of $116.35 and a 12-month high of $381.45. The firm has a market capitalization of $4.54 billion, a P/E ratio of 41.48, a P/E/G ratio of 2.00 and a beta of 1.82. The business has a 50 day simple moving average of $153.82 and a 200 day simple moving average of $205.77.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $187.82 million. During the same quarter in the previous year, the firm posted $0.99 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts anticipate that Wingstop will post 4.57 EPS for the current fiscal year.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, May 15th. Wingstop’s payout ratio is 29.85%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WING. SBI Securities Co. Ltd. boosted its position in Wingstop by 76.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 60 shares during the period. Rakuten Securities Inc. lifted its holdings in shares of Wingstop by 197.9% in the fourth quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 95 shares during the period. GW&K Investment Management LLC lifted its holdings in shares of Wingstop by 75.7% in the fourth quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock valued at $45,000 after buying an additional 81 shares during the period. Pinnacle Holdings LLC acquired a new stake in shares of Wingstop in the third quarter valued at $47,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Wingstop by 121.4% in the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after buying an additional 119 shares during the period.

About Wingstop

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.