Wingstop (NASDAQ:WING) Price Target Cut to $355.00 by Analysts at Wedbush

Wingstop (NASDAQ:WING) had its price objective cut by Wedbush from $390.00 to $355.00 in a research report sent to investors on Thursday, Marketbeat Ratings reports. They currently have an outperform rating on the restaurant operator’s stock. Wedbush also issued estimates for Wingstop’s Q1 2025 earnings at $1.05 EPS, Q2 2025 earnings at $1.09 EPS, Q3 2025 earnings at $1.11 EPS, FY2025 earnings at $4.35 EPS and FY2025 earnings at $4.35 EPS.

WING has been the subject of a number of other reports. Barclays cut their price objective on Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Benchmark upgraded Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price objective for the company in a report on Thursday, October 31st. BTIG Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective for the company in a report on Thursday, October 31st. Morgan Stanley upgraded Wingstop from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $385.00 to $389.00 in a report on Tuesday, January 21st. Finally, TD Cowen lowered their target price on Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Wingstop presently has a consensus rating of “Moderate Buy” and an average price target of $367.05.

Wingstop Trading Down 6.8 %

WING opened at $247.09 on Thursday. The stock has a 50-day moving average price of $290.24 and a 200-day moving average price of $341.28. Wingstop has a 12-month low of $242.58 and a 12-month high of $433.86. The stock has a market capitalization of $7.22 billion, a P/E ratio of 72.04, a PEG ratio of 2.75 and a beta of 1.81.

Wingstop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Friday, March 7th. Wingstop’s payout ratio is 31.49%.

Wingstop declared that its board has approved a share repurchase plan on Thursday, December 5th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the restaurant operator to reacquire up to 5.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Wingstop

In other news, SVP Raj Kapoor sold 266 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $324.38, for a total value of $86,285.08. Following the completion of the transaction, the senior vice president now owns 266 shares of the company’s stock, valued at approximately $86,285.08. This represents a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Verdence Capital Advisors LLC raised its position in shares of Wingstop by 3.9% in the 4th quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator’s stock worth $256,000 after acquiring an additional 34 shares in the last quarter. Hollencrest Capital Management raised its position in shares of Wingstop by 53.8% in the 3rd quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 35 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Wingstop by 0.3% in the 3rd 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 grew its stake in shares of Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock worth $26,000 after buying an additional 35 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its stake in shares of Wingstop by 34.9% in the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock worth $41,000 after buying an additional 37 shares during the last quarter.

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.