Wingstop (NASDAQ:WING) Stock Gets Price Target Trim from Robert W. Baird

Wingstop (NASDAQ:WING) had its price target reduced by Robert W. Baird from $160.00 to $150.00 in a report issued on Thursday morning, MarketBeat.com reports. Robert W. Baird currently has an outperform rating on the restaurant operator’s stock.

WING has been the topic of several other research reports. Mizuho dropped their price objective on shares of Wingstop from $280.00 to $240.00 and set an “outperform” rating on the stock in a report on Friday, July 24th. BTIG Research reduced their target price on shares of Wingstop from $305.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. TD Cowen reduced their target price on shares of Wingstop from $160.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, September 11th. Sanford C. Bernstein downgraded Wingstop from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $220.00 to $155.00 in a research report on Monday, August 3rd. Finally, Benchmark lowered their price target on Wingstop from $285.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.96.

Wingstop Price Performance

Shares of WING opened at $119.54 on Thursday. The company has a market capitalization of $3.26 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.81. Wingstop has a one year low of $95.82 and a one year high of $302.80. The company’s fifty day moving average price is $112.96 and its 200 day moving average price is $138.00.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. Wingstop had a negative return on equity of 16.31% and a net margin of 16.15%. The company had revenue of $185.56 million for the quarter, compared to the consensus estimate of $190.25 million. During the same period last year, the business posted $1.00 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that Wingstop will post 4.45 earnings per share for the current year.

Wingstop Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 5th. Investors of record on Saturday, August 15th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.1%. This is a boost from Wingstop’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, August 14th. Wingstop’s dividend payout ratio (DPR) is currently 31.35%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WING. BlackRock Inc. acquired a new stake in Wingstop during the second quarter valued at approximately $481,314,000. Darsana Capital Partners LP raised its holdings in shares of Wingstop by 20.0% in the 2nd quarter. Darsana Capital Partners LP now owns 1,500,000 shares of the restaurant operator’s stock worth $260,115,000 after buying an additional 250,000 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Wingstop by 44.5% in the 2nd quarter. Alyeska Investment Group L.P. now owns 942,943 shares of the restaurant operator’s stock worth $163,516,000 after buying an additional 290,501 shares in the last quarter. State Street Corp raised its holdings in shares of Wingstop by 2.0% in the 2nd quarter. State Street Corp now owns 863,951 shares of the restaurant operator’s stock worth $149,751,000 after buying an additional 16,907 shares in the last quarter. Finally, Jupiter Topco LLC bought a new position in shares of Wingstop during the 2nd quarter worth approximately $147,440,000.

About Wingstop

Wingstop Inc is a franchised restaurant company specializing in cooked-to-order chicken wings and related menu items. Its offerings include classic and boneless wings prepared with a range of flavors, along with chicken sandwiches, tenders, fries, seasoned fries, dips, sides and beverages. The company emphasizes made-to-order food, a digital ordering experience and a menu centered on customizable chicken meals.

Founded in 1994 in Garland, Texas, Wingstop has expanded from a single restaurant into a global brand operated primarily through franchised locations.