Barclays Cuts Wingstop (NASDAQ:WING) Price Target to $260.00

Wingstop (NASDAQ:WING) had its target price cut by Barclays from $315.00 to $260.00 in a report published on Tuesday morning, MarketBeat reports. They currently have an overweight rating on the restaurant operator’s stock.

A number of other research analysts also recently issued reports on the stock. BMO Capital Markets cut their price objective on shares of Wingstop from $335.00 to $300.00 and set a “market perform” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company began coverage on shares of Wingstop in a report on Wednesday, March 26th. They issued an “overweight” rating and a $270.00 price target on the stock. Robert W. Baird decreased their price objective on Wingstop from $375.00 to $350.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Stifel Nicolaus dropped their target price on Wingstop from $375.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, Benchmark dropped their price target on Wingstop from $340.00 to $325.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Wingstop presently has a consensus rating of “Moderate Buy” and a consensus target price of $334.13.

Wingstop Price Performance

WING opened at $217.59 on Tuesday. The firm has a market capitalization of $6.07 billion, a PE ratio of 58.65, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02. The business’s 50-day moving average is $227.68 and its two-hundred day moving average is $286.94. Wingstop has a 1 year low of $204.00 and a 1 year high of $433.86.

Wingstop Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a dividend of $0.27 per share. The ex-dividend date was Friday, March 7th. This represents a $1.08 annualized dividend and a yield of 0.50%. Wingstop’s dividend payout ratio is presently 29.11%.

Institutional Investors Weigh In On Wingstop

Several hedge funds have recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in Wingstop in the fourth quarter valued at approximately $10,177,000. SG Americas Securities LLC raised its position in Wingstop by 277.5% during the fourth quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator’s stock worth $1,356,000 after acquiring an additional 3,507 shares during the period. Y Intercept Hong Kong Ltd grew its position in shares of Wingstop by 779.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator’s stock valued at $5,247,000 after purchasing an additional 16,361 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Wingstop by 475.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator’s stock worth $19,676,000 after purchasing an additional 57,193 shares in the last quarter. Finally, Versor Investments LP lifted its stake in Wingstop by 149.0% in the 4th quarter. Versor Investments LP now owns 5,309 shares of the restaurant operator’s stock valued at $1,509,000 after buying an additional 3,177 shares in the last quarter.

About Wingstop

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.