Wingstop Inc. (NASDAQ:WING) Given Average Rating of "Moderate Buy" by Brokerages

Wingstop Inc. (NASDAQ:WING - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty-two ratings firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $348.23.

Several research firms have commented on WING. BMO Capital Markets dropped their price target on shares of Wingstop from $335.00 to $300.00 and set a "market perform" rating for the company in a research note on Thursday, February 20th. TD Securities cut their price target on Wingstop from $365.00 to $305.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. UBS Group decreased their price objective on Wingstop from $330.00 to $300.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Robert W. Baird cut their target price on shares of Wingstop from $375.00 to $350.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Barclays decreased their price target on shares of Wingstop from $359.00 to $315.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th.

Institutional Trading of Wingstop

Institutional investors and hedge funds have recently bought and sold shares of the business. Verdence Capital Advisors LLC increased its stake in Wingstop by 3.9% in the fourth quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator's stock valued at $256,000 after purchasing an additional 34 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Wingstop by 0.3% during the third quarter. Public Employees Retirement System of Ohio now owns 11,523 shares of the restaurant operator's stock worth $4,794,000 after buying an additional 35 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its position in Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 35 shares during the period. V Square Quantitative Management LLC raised its stake in Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 37 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in Wingstop by 4.9% during the 4th quarter. Tidal Investments LLC now owns 795 shares of the restaurant operator's stock worth $226,000 after acquiring an additional 37 shares during the period.

Remove Ads

Wingstop Price Performance

Shares of NASDAQ WING traded up $9.81 during midday trading on Friday, hitting $230.81. The company's stock had a trading volume of 56,788 shares, compared to its average volume of 564,008. Wingstop has a 1 year low of $205.60 and a 1 year high of $433.86. The business's fifty day simple moving average is $251.37 and its two-hundred day simple moving average is $304.54. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 62.21, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.47%. Wingstop's dividend payout ratio (DPR) is presently 29.11%.

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.