Wingstop (NASDAQ:WING) Coverage Initiated at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Wingstop (NASDAQ:WINGFree Report) in a research note released on Thursday morning, MarketBeat.com reports. The firm issued a neutral rating and a $407.00 target price on the restaurant operator’s stock.

Several other research analysts have also recently weighed in on the stock. Stephens reissued an overweight rating and set a $425.00 price objective on shares of Wingstop in a report on Wednesday, May 1st. Benchmark reissued a hold rating on shares of Wingstop in a report on Thursday, May 2nd. BMO Capital Markets lifted their target price on Wingstop from $275.00 to $325.00 and gave the stock a market perform rating in a report on Thursday, May 2nd. Wedbush increased their price objective on shares of Wingstop from $400.00 to $425.00 and gave the company an outperform rating in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus increased their price target on Wingstop from $270.00 to $330.00 and gave the company a buy rating in a report on Friday, February 16th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wingstop has a consensus rating of Hold and an average price target of $336.53.

View Our Latest Stock Analysis on WING

Wingstop Trading Down 2.0 %

WING stock opened at $398.79 on Thursday. The stock’s 50 day simple moving average is $380.48 and its 200 day simple moving average is $326.97. Wingstop has a 12-month low of $150.08 and a 12-month high of $414.99. The stock has a market capitalization of $11.68 billion, a PE ratio of 141.92, a price-to-earnings-growth ratio of 5.22 and a beta of 1.70.

Wingstop (NASDAQ:WINGGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The firm had revenue of $145.70 million for the quarter, compared to the consensus estimate of $136.34 million. During the same period in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 34.0% on a year-over-year basis. On average, research analysts predict that Wingstop will post 3.39 earnings per share for the current year.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.22%. Wingstop’s dividend payout ratio is currently 31.32%.

Insider Buying and Selling

In other news, SVP Albert G. Mcgrath sold 4,230 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total value of $1,676,772.00. Following the completion of the sale, the senior vice president now owns 8,170 shares in the company, valued at approximately $3,238,588. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Albert G. Mcgrath sold 4,230 shares of Wingstop stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total value of $1,676,772.00. Following the transaction, the senior vice president now directly owns 8,170 shares in the company, valued at approximately $3,238,588. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ania Smith sold 566 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $380.91, for a total value of $215,595.06. Following the sale, the director now owns 1,164 shares of the company’s stock, valued at $443,379.24. The disclosure for this sale can be found here. Insiders sold a total of 6,191 shares of company stock valued at $2,443,547 over the last three months. 0.36% of the stock is owned by company insiders.

Institutional Trading of Wingstop

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Wingstop by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator’s stock valued at $1,071,473,000 after acquiring an additional 104,780 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Wingstop by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator’s stock valued at $833,026,000 after acquiring an additional 101,917 shares in the last quarter. American Century Companies Inc. boosted its stake in Wingstop by 29.4% during the 3rd quarter. American Century Companies Inc. now owns 1,626,558 shares of the restaurant operator’s stock worth $292,520,000 after purchasing an additional 370,032 shares during the last quarter. Wellington Management Group LLP grew its stake in Wingstop by 11.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,167,230 shares of the restaurant operator’s stock valued at $209,915,000 after acquiring an additional 121,134 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Wingstop by 1.8% in the fourth quarter. Federated Hermes Inc. now owns 1,107,852 shares of the restaurant operator’s stock valued at $284,253,000 after purchasing an additional 19,540 shares during the last quarter.

About Wingstop

(Get Free Report)

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.

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Analyst Recommendations for Wingstop (NASDAQ:WING)

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