Wingstop (NASDAQ:WING) Earns “Buy” Rating from TD Cowen

TD Cowen reissued their buy rating on shares of Wingstop (NASDAQ:WING) in a research note issued to investors on Wednesday morning, Benzinga reports. TD Cowen currently has a $410.00 price objective on the restaurant operator’s stock.

Other equities research analysts also recently issued research reports about the company. Sanford C. Bernstein assumed coverage on Wingstop in a research report on Wednesday, February 14th. They issued an outperform rating and a $340.00 target price on the stock. Stifel Nicolaus lifted their target price on Wingstop from $270.00 to $330.00 and gave the company a buy rating in a research report on Friday, February 16th. Robert W. Baird lifted their target price on Wingstop from $320.00 to $340.00 and gave the company an outperform rating in a research report on Thursday, February 22nd. Truist Financial restated a hold rating and issued a $292.00 target price on shares of Wingstop in a research report on Monday, April 1st. Finally, BMO Capital Markets lifted their target price on Wingstop from $235.00 to $275.00 and gave the company a market perform rating in a research report on Thursday, February 22nd. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Wingstop has an average rating of Hold and a consensus price target of $260.11.

Wingstop Stock Performance

Shares of Wingstop stock opened at $360.05 on Wednesday. Wingstop has a one year low of $150.08 and a one year high of $379.00. The company has a market cap of $10.57 billion, a price-to-earnings ratio of 153.21, a PEG ratio of 6.48 and a beta of 1.68. The business’s 50 day moving average price is $338.68 and its 200 day moving average price is $266.10.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The firm had revenue of $127.06 million for the quarter, compared to the consensus estimate of $120.47 million. During the same quarter last year, the business posted $0.60 earnings per share. The firm’s revenue was up 21.2% compared to the same quarter last year. On average, analysts predict that Wingstop will post 2.98 EPS for the current fiscal year.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.88 annualized dividend and a yield of 0.24%. Wingstop’s payout ratio is 37.45%.

Insider Activity

In other news, SVP Marisa Carona sold 2,586 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $371.96, for a total value of $961,888.56. Following the transaction, the senior vice president now owns 1,646 shares in the company, valued at approximately $612,246.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Michael Skipworth sold 10,843 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the completion of the sale, the chief executive officer now directly owns 17,107 shares of the company’s stock, valued at approximately $5,771,901.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the sale, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at $612,246.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,901 shares of company stock worth $5,120,605. 0.36% of the stock is currently owned by insiders.

Institutional Trading of Wingstop

Hedge funds have recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new stake in Wingstop during the 1st quarter worth approximately $29,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Wingstop in the 4th quarter valued at approximately $28,000. GAMMA Investing LLC lifted its holdings in shares of Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 40 shares during the period. FSC Wealth Advisors LLC acquired a new stake in shares of Wingstop in the 4th quarter valued at approximately $39,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Wingstop in the 4th quarter valued at approximately $47,000.

About Wingstop

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.