Wingstop’s (WING) Outperform Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of Wingstop (NASDAQ:WING) in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a $390.00 target price on the restaurant operator’s stock. Wedbush also issued estimates for Wingstop’s Q4 2024 earnings at $0.84 EPS, FY2024 earnings at $3.63 EPS, Q1 2025 earnings at $1.13 EPS, Q2 2025 earnings at $1.16 EPS, Q4 2025 earnings at $1.13 EPS and FY2025 earnings at $4.59 EPS.

Several other research analysts have also weighed in on the company. Benchmark upgraded Wingstop from a “hold” rating to a “buy” rating and set a $340.00 target price on the stock in a report on Thursday, October 31st. Morgan Stanley lifted their price target on Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 16th. BMO Capital Markets lifted their price target on Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Northcoast Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price target on the stock in a research note on Friday, November 1st. Finally, Stephens dropped their price target on Wingstop from $490.00 to $468.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $373.00.

Wingstop Trading Up 3.9 %

WING stock opened at $308.77 on Tuesday. The business’s 50-day moving average price is $385.96 and its two-hundred day moving average price is $387.03. The firm has a market cap of $9.02 billion, a PE ratio of 90.02, a P/E/G ratio of 2.74 and a beta of 1.76. Wingstop has a 1-year low of $204.01 and a 1-year high of $433.86.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.09). The business had revenue of $162.50 million for the quarter, compared to the consensus estimate of $160.24 million. Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The business’s revenue was up 38.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. On average, analysts forecast that Wingstop will post 3.72 earnings per share for the current year.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Friday, November 15th. Wingstop’s dividend payout ratio (DPR) is presently 31.49%.

Insider Transactions at Wingstop

In other news, SVP Donnie Upshaw sold 3,199 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the completion of the sale, the senior vice president now owns 97 shares in the company, valued at $36,152.87. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Wingstop

Several institutional investors have recently made changes to their positions in the stock. Fulton Bank N.A. boosted its stake in shares of Wingstop by 5.0% in the third quarter. Fulton Bank N.A. now owns 547 shares of the restaurant operator’s stock valued at $228,000 after buying an additional 26 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Wingstop by 3.7% in the second quarter. CIBC Asset Management Inc now owns 821 shares of the restaurant operator’s stock valued at $347,000 after buying an additional 29 shares during the period. Dark Forest Capital Management LP boosted its stake in shares of Wingstop by 4.3% in the second quarter. Dark Forest Capital Management LP now owns 752 shares of the restaurant operator’s stock valued at $318,000 after buying an additional 31 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of Wingstop by 60.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after buying an additional 35 shares during the period. Finally, Hollencrest Capital Management boosted its stake in shares of Wingstop by 53.8% in the third quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 35 shares during the period.

About Wingstop

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.