3 days Ago By ABMN Staff
Shares of Wingstop Inc. ( NASDAQ:WING – Get Free Report ) have received an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the firm, Marketbeat.com reports.
Ten equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $378.65.
WING has been the topic of several research reports. Stifel Nicolaus upped their price target on Wingstop from $420.00 to $460.
00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. The Goldman Sachs Group upped their target price on shares of Wingstop from $407.00 to $458.
00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Morgan Stanley lifted their price target on shares of Wingstop from $390.00 to $400.
00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 16th. Wedbush restated an “outperform” rating and issued a $425.00 price objective on shares of Wingstop in a report on Thursday, August 1st.
Finally, Piper Sandler lifted their target price on shares of Wingstop from $353.00 to $375.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd.
Read Our Latest Stock Analysis on Wingstop Insider Buying and Selling Institutional Trading of Wingstop A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. boosted its position in Wingstop by 155.
7% during the fourth quarter. Franklin Resources Inc. now owns 873,385 shares of the restaurant operator’s stock valued at $224,093,000 after purchasing an additional 531,880 shares during the last quarter.
Norges Bank acquired a new stake in shares of Wingstop in the 4th quarter valued at approximately $80,423,000. 1832 Asset Management L.P.
bought a new position in shares of Wingstop in the fourth quarter valued at $78,616,000. Millennium Management LLC increased its holdings in Wingstop by 284.1% during the second quarter.
Millennium Management LLC now owns 383,184 shares of the restaurant operator’s stock worth $161,957,000 after buying an additional 283,412 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Wingstop by 36.6% during the second quarter.
Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock worth $254,860,000 after buying an additional 161,600 shares during the last quarter. Wingstop Trading Down 0.2 % WING opened at $394.
81 on Monday. Wingstop has a 1-year low of $164.84 and a 1-year high of $431.
03. The stock has a market capitalization of $11.57 billion, a PE ratio of 140.
50, a PEG ratio of 3.96 and a beta of 1.71.
The firm has a 50-day moving average price of $379.18 and a two-hundred day moving average price of $379.67.
Wingstop ( NASDAQ:WING – Get Free Report ) last issued its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
82 by $0.11. Wingstop had a net margin of 17.
33% and a negative return on equity of 21.18%. The business had revenue of $155.
70 million during the quarter, compared to analyst estimates of $146.04 million. During the same quarter last year, the business posted $0.
57 earnings per share. Wingstop’s revenue for the quarter was up 45.3% compared to the same quarter last year.
On average, research analysts predict that Wingstop will post 3.77 EPS for the current year. Wingstop Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, September 6th.
Stockholders of record on Friday, August 16th were issued a $0.27 dividend. This represents a $1.
08 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Friday, August 16th.
This is a boost from Wingstop’s previous quarterly dividend of $0.22. Wingstop’s dividend payout ratio is 38.
43%. 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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