Shares of Wingstop Inc. (NASDAQ:WING - Get Free Report) rose 4.9% on Thursday . The stock traded as high as $230.57 and last traded at $231.13. Approximately 104,012 shares changed hands during trading, a decline of 81% from the average daily volume of 535,060 shares. The stock had previously closed at $220.37.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Guggenheim raised shares of Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 target price for the company in a research report on Monday, February 24th. TD Securities reduced their price objective on Wingstop from $365.00 to $305.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Stephens reissued an "overweight" rating and set a $450.00 target price on shares of Wingstop in a report on Wednesday, February 19th. Stifel Nicolaus lowered their target price on shares of Wingstop from $375.00 to $350.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Wedbush reduced their price objective on shares of Wingstop from $390.00 to $355.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Wingstop has a consensus rating of "Moderate Buy" and an average price target of $353.68.
Get Our Latest Research Report on WING
Wingstop Trading Down 2.3 %
The stock's 50-day moving average price is $257.45 and its 200-day moving average price is $311.98. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 60.38, a P/E/G ratio of 2.27 and a beta of 1.88.
Wingstop Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors 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 annualized dividend and a dividend yield of 0.48%. Wingstop's payout ratio is 29.11%.
Wingstop announced that its board has authorized a stock repurchase plan on Thursday, December 5th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the restaurant operator to buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.
Institutional Investors Weigh In On Wingstop
A number of large investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in Wingstop by 3.4% during the 4th quarter. Wellington Management Group LLP now owns 238,942 shares of the restaurant operator's stock valued at $67,907,000 after purchasing an additional 7,899 shares during the last quarter. 111 Capital purchased a new stake in shares of Wingstop in the fourth quarter valued at about $296,000. Centaurus Financial Inc. lifted its position in shares of Wingstop by 11.9% during the fourth quarter. Centaurus Financial Inc. now owns 4,148 shares of the restaurant operator's stock valued at $1,179,000 after purchasing an additional 442 shares in the last quarter. Vise Technologies Inc. boosted its holdings in Wingstop by 57.1% during the fourth quarter. Vise Technologies Inc. now owns 949 shares of the restaurant operator's stock worth $270,000 after purchasing an additional 345 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Wingstop by 15.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,502 shares of the restaurant operator's stock worth $24,868,000 after purchasing an additional 11,577 shares in the last quarter.
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.
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