Stephens reiterated their overweight rating on shares of Wingstop (NASDAQ:WING - Free Report) in a research report report published on Wednesday morning,Benzinga reports. They currently have a $450.00 price objective on the restaurant operator's stock.
WING has been the topic of a number of other research reports. Northcoast Research upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and set a $350.00 price objective on the stock in a report on Friday, November 1st. BTIG Research upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and set a $370.00 price objective on the stock in a report on Thursday, October 31st. Barclays cut their price objective on shares of Wingstop from $470.00 to $380.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. The Goldman Sachs Group upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $458.00 to $377.00 in a report on Friday, November 8th. Finally, Benchmark raised shares of Wingstop from a "hold" rating to a "buy" rating and set a $340.00 target price for the company in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Wingstop has an average rating of "Moderate Buy" and a consensus price target of $367.05.
Get Our Latest Report on Wingstop
Wingstop Trading Down 5.3 %
WING stock traded down $13.07 during trading on Wednesday, reaching $234.02. The stock had a trading volume of 1,991,720 shares, compared to its average volume of 765,070. Wingstop has a 1-year low of $232.19 and a 1-year high of $433.86. The company has a market capitalization of $6.84 billion, a P/E ratio of 63.08, a PEG ratio of 2.38 and a beta of 1.81. The firm has a fifty day moving average price of $290.24 and a 200 day moving average price of $341.28.
Wingstop declared that its board has approved a stock repurchase program on Thursday, December 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the restaurant operator to reacquire up to 5.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.
Wingstop Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Friday, March 7th. Wingstop's dividend payout ratio (DPR) is 29.11%.
Insiders Place Their Bets
In other Wingstop news, SVP Raj Kapoor sold 266 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $324.38, for a total value of $86,285.08. Following the completion of the transaction, the senior vice president now owns 266 shares in the company, valued at approximately $86,285.08. This represents a 50.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in shares of Wingstop in the 3rd quarter worth approximately $36,000. EverSource Wealth Advisors LLC lifted its stake in shares of Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock worth $25,000 after acquiring an additional 73 shares during the period. CBIZ Investment Advisory Services LLC lifted its stake in shares of Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock worth $26,000 after acquiring an additional 35 shares during the period. Hollencrest Capital Management lifted its stake in shares of Wingstop by 53.8% in the 3rd quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator's stock worth $42,000 after acquiring an additional 35 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Wingstop in the 4th quarter worth approximately $30,000.
About Wingstop
(
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
Before you consider Wingstop, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wingstop wasn't on the list.
While Wingstop currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
