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

Shares of Wingstop Inc. (NASDAQ:WING) have earned an average rating of “Moderate Buy” from the thirty ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $259.1481.

A number of equities analysts have recently issued reports on the stock. Guggenheim cut their price objective on shares of Wingstop from $255.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Citigroup boosted their target price on Wingstop from $229.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $255.00 price target on shares of Wingstop in a research note on Thursday, April 30th. Wall Street Zen raised Wingstop from a “sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Raymond James Financial raised Wingstop from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the company from $325.00 to $240.00 in a research note on Thursday, April 2nd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vident Advisory LLC lifted its stake in Wingstop by 3.9% during the 4th quarter. Vident Advisory LLC now owns 959 shares of the restaurant operator’s stock valued at $229,000 after acquiring an additional 36 shares in the last quarter. Allworth Financial LP grew its stake in shares of Wingstop by 17.3% in the 3rd quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock worth $67,000 after acquiring an additional 39 shares in the last quarter. YANKCOM Partnership grew 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 worth $102,000 after acquiring an additional 39 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Wingstop by 1.7% in the fourth 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, Oregon Public Employees Retirement Fund raised its holdings in shares of Wingstop by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 5,672 shares of the restaurant operator’s stock valued at $879,000 after purchasing an additional 59 shares during the last quarter.

Wingstop Stock Up 2.3%

Shares of NASDAQ WING opened at $138.12 on Thursday. The firm has a market cap of $3.76 billion, a PE ratio of 34.36, a P/E/G ratio of 1.61 and a beta of 1.79. The company’s fifty day simple moving average is $151.30 and its 200 day simple moving average is $194.08. Wingstop has a 12-month low of $116.35 and a 12-month high of $381.45.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The firm had revenue of $183.72 million during the quarter, compared to the consensus estimate of $187.82 million. During the same period in the previous year, the firm posted $0.99 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts predict that Wingstop will post 4.57 earnings per share for the current year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.20 annualized dividend and a yield of 0.9%. Wingstop’s dividend payout ratio (DPR) is presently 29.85%.

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.