Wingstop (NASDAQ:WING) Given New $450.00 Price Target at TD Cowen

Wingstop (NASDAQ:WING - Free Report) had its price objective raised by TD Cowen from $430.00 to $450.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the restaurant operator's stock.

WING has been the topic of several other research reports. Citigroup lifted their price target on shares of Wingstop from $375.00 to $398.00 and gave the company a neutral rating in a research report on Thursday, May 2nd. Morgan Stanley lifted their price target on shares of Wingstop from $280.00 to $315.00 and gave the company an equal weight rating in a research report on Friday, April 12th. Stephens reaffirmed an overweight rating and set a $425.00 price target on shares of Wingstop in a research report on Wednesday, May 1st. BMO Capital Markets lifted their price target on shares of Wingstop from $275.00 to $325.00 and gave the company a market perform rating in a research report on Thursday, May 2nd. Finally, Robert W. Baird boosted their target price on Wingstop from $390.00 to $405.00 and gave the company an outperform rating in a research report 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 MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $336.53.

Wingstop Stock Down 1.0 %

Shares of Wingstop stock traded down $4.19 on Thursday, hitting $406.80. 273,250 shares of the company were exchanged, compared to its average volume of 465,600. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 144.77, a price-to-earnings-growth ratio of 5.08 and a beta of 1.70. The company has a 50-day moving average price of $378.39 and a 200 day moving average price of $324.68. Wingstop has a 1-year low of $150.08 and a 1-year high of $414.99.

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

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Thursday, May 16th. Wingstop's dividend payout ratio is currently 31.32%.

Insider Transactions at Wingstop

In other news, SVP Albert G. Mcgrath sold 4,230 shares of the company's stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the sale, the senior vice president now owns 8,170 shares of the company's stock, valued at $3,238,588. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Kate S. Lavelle sold 750 shares of the business's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $394.57, for a total transaction of $295,927.50. Following the completion of the transaction, the director now owns 3,567 shares in the company, valued at $1,407,431.19. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Albert G. Mcgrath sold 4,230 shares of the business's stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the transaction, the senior vice president now owns 8,170 shares of the company's stock, valued at approximately $3,238,588. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,191 shares of company stock valued at $2,443,547. 0.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Wingstop

Institutional investors and hedge funds have recently modified their holdings of the company. Congress Asset Management Co. MA boosted its stake in Wingstop by 0.3% in the fourth quarter. Congress Asset Management Co. MA now owns 11,380 shares of the restaurant operator's stock valued at $2,920,000 after acquiring an additional 34 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Wingstop by 16.9% in the fourth quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator's stock valued at $67,000 after acquiring an additional 38 shares in the last quarter. Kovack Advisors Inc. boosted its stake in Wingstop by 1.7% in the fourth quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator's stock valued at $595,000 after acquiring an additional 39 shares in the last quarter. GAMMA Investing LLC boosted its stake in Wingstop by 53.3% in the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator's stock valued at $42,000 after acquiring an additional 40 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in Wingstop by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 13,150 shares of the restaurant operator's stock valued at $2,365,000 after acquiring an additional 60 shares in the last quarter.

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.