Wingstop (NASDAQ:WING) Reaches New 1-Year High After Analyst Upgrade

Wingstop Inc. (NASDAQ:WING - Get Free Report) reached a new 52-week high during trading on Tuesday after Stifel Nicolaus raised their price target on the stock from $420.00 to $460.00. Stifel Nicolaus currently has a buy rating on the stock. Wingstop traded as high as $423.00 and last traded at $422.82, with a volume of 56582 shares changing hands. The stock had previously closed at $417.38.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group assumed coverage on shares of Wingstop in a research note on Thursday, June 13th. They set a "neutral" rating and a $407.00 target price for the company. Stephens reissued an "overweight" rating and set a $425.00 target price on shares of Wingstop in a research note on Wednesday, May 1st. Barclays boosted their target price on shares of Wingstop from $350.00 to $418.00 and gave the company an "overweight" rating in a research note on Thursday, May 2nd. Citigroup boosted their target price on shares of Wingstop from $375.00 to $398.00 and gave the company a "neutral" rating in a research note on Thursday, May 2nd. Finally, Bank of America boosted their target price on shares of Wingstop from $421.00 to $461.00 and gave the company a "buy" rating in a research note on Thursday, May 2nd. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $343.37.

Insider Activity

In other Wingstop news, Director Kate S. Lavelle sold 750 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $394.57, for a total transaction of $295,927.50. Following the sale, the director now owns 3,567 shares of the company's stock, valued at approximately $1,407,431.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Kate S. Lavelle sold 750 shares of the firm's stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $394.57, for a total value of $295,927.50. Following the transaction, the director now owns 3,567 shares of the company's stock, valued at approximately $1,407,431.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kilandigalu Madati sold 645 shares of the firm's stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $395.74, for a total transaction of $255,252.30. Following the completion of the transaction, the director now directly owns 5,147 shares in the company, valued at approximately $2,036,873.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,191 shares of company stock worth $2,443,547. 0.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WING. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Wingstop in the 4th quarter valued at approximately $28,000. Rise Advisors LLC acquired a new stake in shares of Wingstop in the 1st quarter valued at approximately $29,000. FSC Wealth Advisors LLC acquired a new stake in shares of Wingstop in the 4th quarter valued at approximately $39,000. GAMMA Investing LLC raised its position in shares of Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator's stock valued at $42,000 after acquiring an additional 40 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Wingstop in the 4th quarter valued at approximately $47,000.

Wingstop Stock Performance

The firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 148.53, a P/E/G ratio of 5.12 and a beta of 1.71. The business's 50-day moving average is $381.56 and its two-hundred day moving average is $328.84.

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

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.88 annualized dividend and a yield of 0.21%. Wingstop's dividend payout ratio (DPR) is currently 31.32%.

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.