2 days Ago By ABMN Staff
Wingstop Inc. ( NASDAQ:WING – Get Free Report ) has earned an average recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports.
Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $368.74.
WING has been the topic of a number of research analyst reports. Piper Sandler decreased their price target on Wingstop from $375.00 to $300.
00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Truist Financial increased their target price on Wingstop from $407.00 to $423.
00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 target price for the company in a report on Friday, November 1st.
TD Cowen cut their price target on shares of Wingstop from $450.00 to $365.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st.
Finally, Barclays reduced their price target on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st.
Get Our Latest Report on WING Institutional Investors Weigh In On Wingstop Wingstop Trading Up 2.4 % Shares of NASDAQ:WING opened at $339.98 on Tuesday.
The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 99.12, a PEG ratio of 2.
94 and a beta of 1.76. Wingstop has a 12-month low of $204.
01 and a 12-month high of $433.86. The business has a 50-day moving average price of $380.
53 and a 200 day moving average price of $385.93. Wingstop ( NASDAQ:WING – Get Free Report ) last announced its quarterly earnings results on Wednesday, October 30th.
The restaurant operator reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.
09). Wingstop had a net margin of 17.05% and a negative return on equity of 22.
69%. The company had revenue of $162.50 million for the quarter, compared to analyst estimates of $160.
24 million. During the same quarter in the prior year, the business earned $0.69 earnings per share.
Wingstop’s revenue was up 38.8% on a year-over-year basis. As a group, equities research analysts predict that Wingstop will post 3.
68 earnings per share for the current fiscal year. Wingstop Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $0.
27 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.
08 dividend on an annualized basis and a dividend yield of 0.32%. Wingstop’s payout ratio is currently 31.
49%. Wingstop Company Profile ( 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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