Wingstop (NASDAQ:WING) Stock Price Up 3.8%

Wingstop Inc. (NASDAQ:WINGGet Rating)’s stock price rose 3.8% during mid-day trading on Tuesday . The stock traded as high as $107.58 and last traded at $107.58. Approximately 830 shares changed hands during trading, a decline of 100% from the average daily volume of 499,901 shares. The stock had previously closed at $103.67.

WING has been the subject of several research analyst reports. Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 16th. Benchmark initiated coverage on Wingstop in a research note on Wednesday, December 29th. They set a “hold” rating and a $172.00 price target for the company. Zacks Investment Research lowered Wingstop from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 10th. The Goldman Sachs Group raised their price objective on Wingstop from $168.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, February 17th. Finally, Wedbush lowered their price objective on Wingstop from $195.00 to $165.00 and set an “outperform” rating for the company in a research note on Wednesday, March 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Wingstop currently has a consensus rating of “Buy” and an average target price of $178.22.

The company has a 50 day moving average of $128.27 and a two-hundred day moving average of $151.34. The stock has a market cap of $3.28 billion, a PE ratio of 77.30, a price-to-earnings-growth ratio of 5.92 and a beta of 1.31.

Wingstop (NASDAQ:WINGGet Rating) last posted its quarterly earnings data on Wednesday, February 16th. The restaurant operator reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.08). The firm had revenue of $72.00 million for the quarter, compared to analysts’ expectations of $73.54 million. Wingstop had a negative return on equity of 12.62% and a net margin of 15.10%. Wingstop’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. On average, analysts predict that Wingstop Inc. will post 1.57 EPS for the current fiscal year.

The firm also recently disclosed a None dividend, which was paid on Thursday, April 7th. Investors of record on Thursday, March 24th were issued a $4.00 dividend. The ex-dividend date was Wednesday, March 23rd. This is a boost from Wingstop’s previous None dividend of $3.17. Wingstop’s dividend payout ratio is currently 47.55%.

In related news, insider Donnie Upshaw sold 780 shares of the stock in a transaction on Friday, February 18th. The stock was sold at an average price of $154.75, for a total value of $120,705.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Charles R. Morrison sold 5,270 shares of the firm’s stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $150.99, for a total value of $795,717.30. The disclosure for this sale can be found here. Insiders sold 8,835 shares of company stock worth $1,300,835 over the last quarter. 0.61% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in WING. Fifth Third Bancorp increased its stake in shares of Wingstop by 11.1% during the 4th quarter. Fifth Third Bancorp now owns 821 shares of the restaurant operator’s stock worth $142,000 after purchasing an additional 82 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Wingstop by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 4,310 shares of the restaurant operator’s stock valued at $745,000 after purchasing an additional 86 shares during the last quarter. AdvisorShares Investments LLC boosted its holdings in shares of Wingstop by 2.9% in the 4th quarter. AdvisorShares Investments LLC now owns 3,455 shares of the restaurant operator’s stock valued at $597,000 after purchasing an additional 96 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of Wingstop by 1.6% in the 3rd quarter. Advisor Group Holdings Inc. now owns 6,234 shares of the restaurant operator’s stock valued at $1,026,000 after purchasing an additional 97 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Wingstop by 1.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 7,700 shares of the restaurant operator’s stock valued at $1,331,000 after acquiring an additional 100 shares in the last quarter.

About Wingstop (NASDAQ:WING)

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. As of December 25, 2021, the company had 1,695 franchised restaurants and 36 company-owned restaurants in 44 states and 7 countries worldwide.

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