Wingstop (NASDAQ:WING) Price Target Raised to $398.00 at Citigroup

Wingstop (NASDAQ:WING) had its target price raised by Citigroup from $375.00 to $398.00 in a research report released on Thursday, Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

WING has been the subject of a number of other reports. Wedbush boosted their price objective on shares of Wingstop from $400.00 to $425.00 and gave the stock an outperform rating in a research note on Thursday. Bank of America upped their price target on shares of Wingstop from $421.00 to $461.00 and gave the company a buy rating in a report on Thursday. BMO Capital Markets raised their price target on Wingstop from $275.00 to $325.00 and gave the company a market perform rating in a research report on Thursday. Robert W. Baird boosted their price objective on Wingstop from $390.00 to $405.00 and gave the stock an outperform rating in a research report on Thursday. Finally, Jefferies Financial Group increased their target price on Wingstop from $310.00 to $335.00 and gave the company a hold rating in a research note on Tuesday, April 16th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Wingstop has a consensus rating of Hold and a consensus target price of $330.39.

Wingstop Stock Up 1.8 %

Shares of NASDAQ:WING traded up $7.01 on Thursday, reaching $388.55. The company had a trading volume of 504,433 shares, compared to its average volume of 487,441. The stock has a market capitalization of $11.41 billion, a P/E ratio of 135.78, a P/E/G ratio of 6.60 and a beta of 1.67. The stock has a 50-day moving average price of $359.50 and a 200 day moving average price of $286.56. Wingstop has a twelve month low of $150.08 and a twelve month high of $396.00.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. The business had revenue of $145.70 million for the quarter, compared to the consensus estimate of $136.34 million. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The firm’s revenue was up 34.0% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. On average, sell-side analysts predict that Wingstop will post 3.03 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.23%. Wingstop’s dividend payout ratio (DPR) is currently 31.32%.

Insider Activity at Wingstop

In other news, SVP Marisa Carona sold 2,586 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the transaction, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Marisa Carona sold 2,586 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares in the company, valued at approximately $612,246.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kilandigalu Madati sold 1,472 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the sale, the director now owns 5,450 shares of the company’s stock, valued at approximately $1,852,291.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,901 shares of company stock valued at $5,120,605 over the last quarter. 0.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of WING. McGlone Suttner Wealth Management Inc. bought a new position in shares of Wingstop in the fourth quarter valued at about $28,000. Rise Advisors LLC acquired a new stake in Wingstop in the 1st quarter valued at about $29,000. Headlands Technologies LLC bought a new position in shares of Wingstop in the third quarter worth about $38,000. FSC Wealth Advisors LLC acquired a new position in shares of Wingstop during the fourth quarter worth approximately $39,000. Finally, GAMMA Investing LLC lifted its position in shares of Wingstop by 53.3% during the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 40 shares in the last quarter.

Wingstop Company Profile

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.