TD Securities Reiterates Buy Rating for Wingstop (NASDAQ:WING)

TD Securities reissued their buy rating on shares of Wingstop (NASDAQ:WING) in a research note published on Wednesday,Benzinga reports. They currently have a $265.00 price objective on the restaurant operator’s stock.

Several other equities research analysts also recently commented on the company. Wedbush dropped their target price on Wingstop from $390.00 to $355.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Benchmark dropped their price objective on shares of Wingstop from $340.00 to $325.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company assumed coverage on Wingstop in a report on Wednesday, March 26th. They set an “overweight” rating and a $270.00 price target on the stock. Sanford C. Bernstein set a $260.00 target price on Wingstop in a report on Tuesday, April 22nd. Finally, BMO Capital Markets decreased their price objective on Wingstop from $335.00 to $300.00 and set a “market perform” rating for the company in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $327.61.

Wingstop Trading Up 14.5 %

Shares of WING opened at $263.89 on Wednesday. The stock has a 50-day moving average price of $225.56 and a 200-day moving average price of $282.40. The company has a market cap of $7.36 billion, a PE ratio of 71.13, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02. Wingstop has a 12-month low of $204.00 and a 12-month high of $433.86.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The firm had revenue of $171.09 million during the quarter, compared to analyst estimates of $172.25 million. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. As a group, analysts predict that Wingstop will post 4.18 earnings per share for the current year.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were issued a $0.27 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.08 annualized dividend and a yield of 0.41%. Wingstop’s payout ratio is 29.11%.

Institutional Investors Weigh In On Wingstop

Institutional investors and hedge funds have recently modified their holdings of the stock. Xponance Inc. increased its position in shares of Wingstop by 1.1% during the first quarter. Xponance Inc. now owns 6,076 shares of the restaurant operator’s stock worth $1,371,000 after acquiring an additional 67 shares during the last quarter. State of Michigan Retirement System grew its stake in Wingstop by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 6,972 shares of the restaurant operator’s stock worth $1,573,000 after buying an additional 100 shares during the last quarter. Cerity Partners LLC lifted its stake in Wingstop by 91.7% in the first quarter. Cerity Partners LLC now owns 8,946 shares of the restaurant operator’s stock valued at $2,018,000 after buying an additional 4,280 shares during the last quarter. Financial Counselors Inc. acquired a new position in shares of Wingstop during the first quarter valued at $3,703,000. Finally, YANKCOM Partnership bought a new position in shares of Wingstop during the first quarter worth about $83,000.

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.