Wingstop (NASDAQ:WING) Earns “Outperform” Rating from Wedbush

Wedbush reiterated their outperform rating on shares of Wingstop (NASDAQ:WING) in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a $425.00 target price on the restaurant operator’s stock. Wedbush also issued estimates for Wingstop’s Q3 2024 earnings at $0.98 EPS, Q4 2024 earnings at $0.84 EPS, FY2024 earnings at $3.73 EPS, Q3 2025 earnings at $1.24 EPS, Q4 2025 earnings at $1.08 EPS and FY2025 earnings at $4.58 EPS.

Several other equities research analysts also recently commented on the stock. Robert W. Baird increased their price target on Wingstop from $390.00 to $405.00 and gave the stock an outperform rating in a research report on Thursday, May 2nd. Truist Financial raised their target price on Wingstop from $407.00 to $423.00 and gave the company a hold rating in a research note on Thursday. Stephens reiterated an overweight rating and set a $456.00 price target on shares of Wingstop in a research report on Wednesday, July 31st. Bank of America raised their price objective on shares of Wingstop from $421.00 to $461.00 and gave the company a buy rating in a research report on Thursday, May 2nd. Finally, Raymond James raised shares of Wingstop from a market perform rating to an outperform rating and set a $42.00 target price for the company in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Wingstop presently has a consensus rating of Hold and an average target price of $377.53.

Wingstop Trading Down 2.4 %

NASDAQ:WING opened at $362.70 on Thursday. Wingstop has a 1 year low of $150.08 and a 1 year high of $431.03. The firm’s fifty day simple moving average is $393.76 and its 200 day simple moving average is $362.72. The firm has a market capitalization of $10.63 billion, a PE ratio of 129.08, a PEG ratio of 3.96 and a beta of 1.70.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The company had revenue of $155.70 million for the quarter, compared to the consensus estimate of $146.04 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The business’s revenue was up 45.3% compared to the same quarter last year. As a group, analysts anticipate that Wingstop will post 3.71 EPS for the current fiscal year.

Wingstop Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a dividend of $0.27 per share. This is a boost from Wingstop’s previous quarterly dividend of $0.22. This represents a $1.08 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Friday, August 16th. Wingstop’s dividend payout ratio (DPR) is presently 31.32%.

Insider Activity

In other Wingstop news, Director Kilandigalu Madati sold 645 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $395.74, for a total value of $255,252.30. Following the sale, the director now owns 5,147 shares of the company’s stock, valued at approximately $2,036,873.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Kilandigalu Madati sold 645 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $395.74, for a total value of $255,252.30. Following the sale, the director now directly owns 5,147 shares in the company, valued at approximately $2,036,873.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Albert G. Mcgrath sold 4,230 shares of Wingstop stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the sale, the senior vice president now directly owns 8,170 shares in the company, valued at $3,238,588. The disclosure for this sale can be found here. In the last three months, insiders sold 6,191 shares of company stock worth $2,443,547. 0.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Wingstop

A number of institutional investors have recently made changes to their positions in WING. International Assets Investment Management LLC increased its holdings in shares of Wingstop by 4,651.9% during the fourth quarter. International Assets Investment Management LLC now owns 1,283 shares of the restaurant operator’s stock valued at $329,000 after acquiring an additional 1,256 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Wingstop by 144.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 972 shares of the restaurant operator’s stock valued at $249,000 after buying an additional 574 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Wingstop by 542.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,773 shares of the restaurant operator’s stock worth $2,764,000 after acquiring an additional 9,097 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Wingstop in the fourth quarter worth approximately $2,130,000. Finally, Strs Ohio raised its position in Wingstop by 12.4% in the 4th quarter. Strs Ohio now owns 79,100 shares of the restaurant operator’s stock valued at $20,295,000 after buying an additional 8,700 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.