Wingstop (NASDAQ:WING) Trading 2.9% Higher

Shares of Wingstop Inc. (NASDAQ:WINGGet Free Report) traded up 2.9% during trading on Wednesday . The company traded as high as $364.83 and last traded at $364.61. 294,446 shares were traded during mid-day trading, a decline of 37% from the average session volume of 470,489 shares. The stock had previously closed at $354.32.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Stephens reiterated an “overweight” rating and issued a $330.00 price target on shares of Wingstop in a research note on Wednesday, February 21st. BMO Capital Markets boosted their target price on shares of Wingstop from $235.00 to $275.00 and gave the company a “market perform” rating in a research report on Thursday, February 22nd. Sanford C. Bernstein initiated coverage on shares of Wingstop in a research report on Wednesday, February 14th. They set an “outperform” rating and a $340.00 target price for the company. Robert W. Baird boosted their target price on shares of Wingstop from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, TD Cowen restated a “buy” rating and set a $410.00 target price on shares of Wingstop in a research report on Wednesday. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $260.11.

Check Out Our Latest Stock Analysis on WING

Wingstop Stock Up 1.9 %

The firm’s fifty day moving average price is $340.27 and its 200 day moving average price is $266.80. The stock has a market cap of $10.78 billion, a PE ratio of 156.15, a P/E/G ratio of 6.43 and a beta of 1.68.

Wingstop (NASDAQ:WINGGet Free Report) last released its earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 EPS for the quarter, topping the consensus estimate of $0.57 by $0.07. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The firm had revenue of $127.06 million for the quarter, compared to the consensus estimate of $120.47 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, analysts anticipate that Wingstop Inc. will post 2.98 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Thursday, March 7th. Wingstop’s dividend payout ratio (DPR) is presently 37.45%.

Insider Transactions at Wingstop

In related news, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at $612,246.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at $612,246.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kilandigalu Madati sold 1,472 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total transaction of $500,288.64. Following the transaction, the director now owns 5,450 shares in the company, valued at approximately $1,852,291.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,901 shares of company stock valued at $5,120,605. 0.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WING. Comerica Bank bought a new stake in shares of Wingstop in the 3rd quarter valued at about $4,021,000. Teza Capital Management LLC bought a new stake in shares of Wingstop in the 3rd quarter valued at about $1,961,000. Legato Capital Management LLC boosted its stake in Wingstop by 5.6% in the 4th quarter. Legato Capital Management LLC now owns 1,605 shares of the restaurant operator’s stock worth $412,000 after purchasing an additional 85 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in Wingstop in the 3rd quarter worth approximately $634,000. Finally, Sei Investments Co. boosted its stake in Wingstop by 19.4% in the 3rd quarter. Sei Investments Co. now owns 141,628 shares of the restaurant operator’s stock worth $25,472,000 after purchasing an additional 22,990 shares in the last quarter.

Wingstop Company Profile

(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.

Further Reading

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