Wingstop (NASDAQ:WING) Price Target Lowered to $355.00 at Wedbush

Wingstop (NASDAQ:WING) had its price objective decreased by Wedbush from $390.00 to $355.00 in a research note issued to investors on Thursday, MarketBeat Ratings reports. Wedbush currently has 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.

Other equities research analysts have also recently issued research reports about the company. Stephens reaffirmed an “overweight” rating and set a $450.00 target price on shares of Wingstop in a research note on Wednesday. Barclays reduced their price objective on Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Morgan Stanley raised Wingstop from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $385.00 to $389.00 in a research note on Tuesday, January 21st. BTIG Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective for the company in a research note on Thursday, October 31st. Finally, Northcoast Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 target price on the stock in a research report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Wingstop presently has an average rating of “Moderate Buy” and a consensus target price of $367.05.

Wingstop Price Performance

NASDAQ WING opened at $247.09 on Thursday. The business has a 50 day simple moving average of $290.24 and a 200 day simple moving average of $341.28. Wingstop has a one year low of $242.58 and a one year high of $433.86. The stock has a market capitalization of $7.22 billion, a P/E ratio of 72.04, a P/E/G ratio of 2.75 and a beta of 1.81.

Wingstop Announces Dividend

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

Wingstop announced that its Board of Directors has initiated a stock buyback plan on Thursday, December 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Wingstop

In related news, SVP Raj Kapoor sold 266 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $324.38, for a total transaction of $86,285.08. Following the sale, the senior vice president now directly owns 266 shares in the company, valued at approximately $86,285.08. The trade was a 50.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Wingstop

A number of hedge funds and other institutional investors have recently made changes to their positions in WING. Alyeska Investment Group L.P. bought a new stake in shares of Wingstop during the 4th quarter valued at $151,802,000. Raymond James Financial Inc. purchased a new position in Wingstop during the fourth quarter worth about $115,301,000. Norges Bank purchased a new position in Wingstop during the fourth quarter worth about $106,123,000. Ameriprise Financial Inc. grew its position in Wingstop by 760.9% during the fourth quarter. Ameriprise Financial Inc. now owns 381,745 shares of the restaurant operator’s stock worth $108,497,000 after buying an additional 337,401 shares in the last quarter. Finally, Champlain Investment Partners LLC purchased a new position in Wingstop during the fourth quarter worth about $77,855,000.

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.