Wingstop’s (WING) “Overweight” Rating Reiterated at Stephens

Stephens reissued their overweight rating on shares of Wingstop (NASDAQ:WING) in a report published on Tuesday,Benzinga reports. They currently have a $375.00 price objective on the restaurant operator’s stock.

A number of other research firms have also recently issued reports on WING. Mizuho upgraded Wingstop to a “strong-buy” rating in a research report on Tuesday, October 28th. Wedbush reissued an “outperform” rating on shares of Wingstop in a research note on Wednesday, September 17th. Piper Sandler began coverage on shares of Wingstop in a report on Wednesday, July 9th. They set an “overweight” rating for the company. Wall Street Zen lowered Wingstop from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Finally, Melius began coverage on shares of Wingstop in a report on Monday, July 14th. They set a “hold” rating and a $350.00 price objective on the stock. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $335.96.

Wingstop Trading Down 3.3%

Shares of WING opened at $244.60 on Tuesday. The stock has a market capitalization of $6.80 billion, a PE ratio of 39.84, a P/E/G ratio of 3.52 and a beta of 1.73. Wingstop has a 12 month low of $204.00 and a 12 month high of $388.14. The firm’s 50 day moving average is $261.79 and its 200-day moving average is $300.35.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.18. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.The firm had revenue of $175.74 million for the quarter, compared to analyst estimates of $189.10 million. During the same quarter last year, the company earned $0.88 EPS. The company’s revenue was up 8.1% on a year-over-year basis. Equities research analysts predict that Wingstop will post 4.18 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, November 21st. Wingstop’s dividend payout ratio (DPR) is 19.54%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WING. CBIZ Investment Advisory Services LLC lifted its position in shares of Wingstop by 54.3% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 50 shares during the last quarter. Wesbanco Bank Inc. increased its holdings in shares of Wingstop by 61.2% in the third quarter. Wesbanco Bank Inc. now owns 7,900 shares of the restaurant operator’s stock worth $1,988,000 after purchasing an additional 3,000 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Wingstop by 7.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,668 shares of the restaurant operator’s stock valued at $2,685,000 after acquiring an additional 746 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Wingstop by 75.9% in the third quarter. Smartleaf Asset Management LLC now owns 204 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 88 shares in the last quarter. Finally, Ranger Investment Management L.P. lifted its holdings in shares of Wingstop by 33.9% during the 3rd quarter. Ranger Investment Management L.P. now owns 82,755 shares of the restaurant operator’s stock worth $20,828,000 after acquiring an additional 20,930 shares during 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.