Deutsche Bank Aktiengesellschaft Lowers Wingstop (NASDAQ:WING) Price Target to $83.00

Wingstop (NASDAQ:WINGGet Rating) had its price objective dropped by equities research analysts at Deutsche Bank Aktiengesellschaft from $100.00 to $83.00 in a research note issued on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 15.74% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets cut their target price on Wingstop from $180.00 to $140.00 in a research note on Thursday, May 5th. Northcoast Research raised Wingstop from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 16th. Cowen cut their target price on Wingstop to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 18th. Zacks Investment Research raised Wingstop from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, Cowen cut their target price on Wingstop from $120.00 to $100.00 in a research note on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Wingstop has an average rating of “Buy” and a consensus price target of $151.56.

Shares of WING stock opened at $71.71 on Tuesday. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 56.02, a PEG ratio of 4.36 and a beta of 1.40. The business’s fifty day moving average is $100.54 and its 200 day moving average is $136.88. Wingstop has a twelve month low of $68.67 and a twelve month high of $187.35.

Wingstop (NASDAQ:WINGGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The restaurant operator reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $76.20 million during the quarter, compared to analysts’ expectations of $86.16 million. Wingstop had a negative return on equity of 10.89% and a net margin of 13.25%. Wingstop’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 earnings per share. As a group, equities research analysts predict that Wingstop will post 1.55 earnings per share for the current year.

In other Wingstop news, CEO Charles R. Morrison sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $136.50, for a total transaction of $136,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Michael Skipworth sold 748 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $136.24, for a total value of $101,907.52. The disclosure for this sale can be found here. Insiders sold 2,429 shares of company stock worth $330,888 in the last ninety days. Corporate insiders own 0.64% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WING. Manchester Capital Management LLC grew its holdings in Wingstop by 1,400.0% during the 3rd quarter. Manchester Capital Management LLC now owns 150 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 140 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in shares of Wingstop in the 4th quarter worth approximately $69,000. Fifth Third Bancorp boosted its holdings in shares of 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 during the period. Gladius Capital Management LP boosted its holdings in shares of 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 during the period. Finally, Lindbrook Capital LLC boosted its holdings in shares of 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 during the period.

Wingstop Company Profile (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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