Deutsche Bank Aktiengesellschaft Lowers Wingstop (NASDAQ:WING) Price Target to $100.00

Wingstop (NASDAQ:WINGGet Rating) had its target price dropped by Deutsche Bank Aktiengesellschaft from $168.00 to $100.00 in a research note issued to investors on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 3.10% from the company’s current price.

A number of other analysts have also weighed in on WING. Royal Bank of Canada decreased their target price on shares of Wingstop from $170.00 to $156.00 and set a “sector perform” rating on the stock in a report on Thursday, February 17th. Citigroup cut their price target on shares of Wingstop from $160.00 to $139.00 in a research note on Thursday. Barclays cut their price target on shares of Wingstop from $194.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, April 25th. Robert W. Baird boosted their price target on shares of Wingstop from $167.00 to $184.00 and gave the stock an “outperform” rating in a research note on Thursday, February 17th. Finally, The Goldman Sachs Group boosted their price target on shares of Wingstop from $168.00 to $186.00 and gave the stock a “buy” rating in a research note on Thursday, February 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Wingstop presently has an average rating of “Buy” and a consensus price target of $169.17.

Wingstop stock opened at $96.99 on Thursday. The firm’s 50 day simple moving average is $114.60 and its 200 day simple moving average is $145.49. The firm has a market capitalization of $2.90 billion, a PE ratio of 67.83, a price-to-earnings-growth ratio of 5.42 and a beta of 1.40. Wingstop has a 1-year low of $82.00 and a 1-year high of $187.35.

Wingstop (NASDAQ:WINGGet Rating) last posted its earnings results on Wednesday, May 4th. The restaurant operator reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). The firm had revenue of $76.20 million for the quarter, compared to the consensus estimate of $86.16 million. Wingstop had a negative return on equity of 12.62% and a net margin of 15.10%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. As a group, research analysts anticipate that Wingstop will post 1.54 earnings per share for the current year.

In other Wingstop news, CEO Charles R. Morrison sold 5,270 shares of the stock in a transaction on Wednesday, February 16th. The shares were sold at an average price of $150.99, for a total transaction of $795,717.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles R. Morrison sold 1,000 shares of the stock in a transaction on Monday, March 7th. The shares were sold at an average price of $136.50, for a total transaction of $136,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,835 shares of company stock valued at $1,300,835 in the last three months. 0.64% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Manchester Capital Management LLC raised its holdings in Wingstop by 1,400.0% in the 3rd quarter. Manchester Capital Management LLC now owns 150 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 140 shares in the last quarter. Pinebridge Investments L.P. bought a new position in Wingstop in the 4th quarter worth $69,000. Fifth Third Bancorp raised its holdings in Wingstop by 11.1% in 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. Gladius Capital Management LP raised its holdings in Wingstop by 20.2% in the 1st quarter. Gladius Capital Management LP now owns 1,254 shares of the restaurant operator’s stock worth $148,000 after purchasing an additional 211 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Wingstop by 641.3% in the 4th quarter. Lindbrook Capital LLC now owns 897 shares of the restaurant operator’s stock worth $155,000 after purchasing an additional 776 shares in the last quarter.

About Wingstop (Get Rating)

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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