Wingstop (NASDAQ:WING) Reaches New 1-Year High at $92.25

Wingstop Inc (NASDAQ:WING) shares hit a new 52-week high on Thursday . The company traded as high as $92.25 and last traded at $90.83, with a volume of 2025 shares trading hands. The stock had previously closed at $90.48.

A number of brokerages have recently weighed in on WING. Wells Fargo & Co lifted their price target on Wingstop from $76.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Stephens lifted their price target on Wingstop from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. BidaskClub upgraded Wingstop from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 5th. Stifel Nicolaus upgraded Wingstop from a “hold” rating to a “buy” rating and boosted their target price for the company from $80.00 to $92.00 in a research note on Monday, June 3rd. Finally, Wedbush restated a “buy” rating and issued a $74.00 target price (up previously from $69.00) on shares of Wingstop in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $72.05.

The company has a market cap of $2.61 billion, a P/E ratio of 108.45, a PEG ratio of 6.14 and a beta of 0.74.

Wingstop (NASDAQ:WING) last issued its earnings results on Tuesday, May 7th. The restaurant operator reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Wingstop had a negative return on equity of 13.31% and a net margin of 13.52%. The firm had revenue of $48.05 million for the quarter, compared to the consensus estimate of $45.68 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The business’s quarterly revenue was up 28.5% compared to the same quarter last year. As a group, equities analysts expect that Wingstop Inc will post 0.74 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.36 annualized dividend and a dividend yield of 0.39%. Wingstop’s dividend payout ratio (DPR) is presently 42.86%.

In other news, Chairman Charles R. Morrison sold 20,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $69.10, for a total transaction of $1,382,000.00. Following the completion of the sale, the chairman now owns 128,998 shares in the company, valued at approximately $8,913,761.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Hislop sold 5,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $89.05, for a total value of $445,250.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,678 shares of company stock valued at $3,756,961. 1.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WING. BlackRock Inc. lifted its position in shares of Wingstop by 1.9% during the 4th quarter. BlackRock Inc. now owns 4,221,568 shares of the restaurant operator’s stock worth $270,985,000 after purchasing an additional 78,511 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Wingstop by 52.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,065,900 shares of the restaurant operator’s stock worth $81,040,000 after purchasing an additional 367,200 shares during the last quarter. Federated Investors Inc. PA lifted its position in shares of Wingstop by 2.0% during the 1st quarter. Federated Investors Inc. PA now owns 886,164 shares of the restaurant operator’s stock worth $67,375,000 after purchasing an additional 17,076 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Wingstop by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 830,342 shares of the restaurant operator’s stock worth $63,130,000 after purchasing an additional 2,322 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Wingstop by 1.6% during the 1st quarter. FMR LLC now owns 755,476 shares of the restaurant operator’s stock worth $57,439,000 after purchasing an additional 12,049 shares during the last quarter.

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Wingstop Company Profile (NASDAQ:WING)

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.

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