Shares of Wingstop Inc. (NASDAQ:WING – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the thirty ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $236.44.
A number of equities analysts recently weighed in on the company. Piper Sandler set a $173.00 price objective on Wingstop in a report on Wednesday, July 29th. Morgan Stanley cut their target price on Wingstop from $255.00 to $238.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Citigroup reiterated a “buy” rating on shares of Wingstop in a research report on Thursday, September 17th. BTIG Research reduced their price target on shares of Wingstop from $305.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, Stephens reissued an “overweight” rating and set a $200.00 price target on shares of Wingstop in a research note on Thursday, July 30th.
View Our Latest Stock Analysis on WING
Wingstop Stock Up 3.2%
Wingstop (NASDAQ:WING – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $185.56 million during the quarter, compared to analysts’ expectations of $190.25 million. Wingstop had a negative return on equity of 16.31% and a net margin of 16.15%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 EPS. As a group, research analysts expect that Wingstop will post 4.49 EPS for the current fiscal year.
Wingstop Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 5th. Stockholders of record on Saturday, August 15th were paid a $0.33 dividend. This is a positive change from Wingstop’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.1%. Wingstop’s dividend payout ratio is currently 31.35%.
Hedge Funds Weigh In On Wingstop
Several institutional investors and hedge funds have recently made changes to their positions in WING. Allworth Financial LP bought a new stake in Wingstop in the second quarter worth $34,000. Harbor Investment Advisory LLC purchased a new stake in Wingstop during the second quarter valued at about $46,000. Global Retirement Partners LLC purchased a new stake in Wingstop during the second quarter valued at about $62,000. GAMMA Investing LLC boosted its position in Wingstop by 35.9% during the second quarter. GAMMA Investing LLC now owns 382 shares of the restaurant operator’s stock valued at $66,000 after buying an additional 101 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Wingstop during the second quarter valued at about $69,000.
Wingstop Company Profile
Wingstop Inc is a restaurant company that specializes in made-to-order chicken wings and related menu items. Its offerings include classic and boneless wings prepared with a variety of signature flavors, as well as chicken sandwiches, tenders, seasoned fries, sides, dips and beverages. The company serves customers through dine-in, takeout, delivery and digital ordering channels.
Founded in 1994 in Garland, Texas, Wingstop has developed primarily as a franchised restaurant brand. The company supports its franchisees through brand marketing, restaurant development, operating systems, menu innovation and supply-chain coordination, while franchisees generally own and operate individual locations.
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