Wingstop Inc. (NASDAQ:WING) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Wingstop Inc. (NASDAQ:WING - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nineteen analysts that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $368.74.

Several research analysts have recently weighed in on the company. The Goldman Sachs Group upgraded Wingstop from a "neutral" rating to a "buy" rating and cut their price target for the stock from $458.00 to $377.00 in a research note on Friday, November 8th. Barclays lowered their price target on Wingstop from $470.00 to $380.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Wedbush reissued an "outperform" rating and set a $390.00 price objective on shares of Wingstop in a report on Tuesday, November 5th. TD Cowen dropped their target price on shares of Wingstop from $450.00 to $365.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Finally, Benchmark raised shares of Wingstop from a "hold" rating to a "buy" rating and set a $340.00 price target for the company in a research note on Thursday, October 31st.

Wingstop Stock Down 0.8 %

WING stock traded down $2.50 during midday trading on Friday, hitting $328.77. The company's stock had a trading volume of 215,536 shares, compared to its average volume of 560,424. The stock has a market cap of $9.60 billion, a price-to-earnings ratio of 95.85, a PEG ratio of 3.09 and a beta of 1.76. The stock's 50-day moving average price is $363.05 and its 200 day moving average price is $380.58. Wingstop has a 1 year low of $238.06 and a 1 year high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The company had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. During the same period last year, the firm posted $0.69 EPS. The company's revenue for the quarter was up 38.8% compared to the same quarter last year. As a group, equities analysts forecast that Wingstop will post 3.68 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.27 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a yield of 0.33%. Wingstop's dividend payout ratio (DPR) is currently 31.49%.

Institutional Trading of Wingstop

Several hedge funds and other institutional investors have recently bought and sold shares of WING. Hollencrest Capital Management purchased a new stake in shares of Wingstop during the second quarter worth about $27,000. Ashton Thomas Private Wealth LLC purchased a new stake in Wingstop in the 2nd quarter worth approximately $34,000. True Wealth Design LLC purchased a new stake in Wingstop in the third quarter worth $36,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Wingstop by 60.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator's stock worth $39,000 after purchasing an additional 35 shares during the period. Finally, V Square Quantitative Management LLC lifted its holdings in Wingstop by 60.6% in the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator's stock worth $44,000 after buying an additional 40 shares during the period.

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.