Wingstop (NASDAQ:WING – Get Rating) had its target price raised by equities research analysts at BTIG Research from $125.00 to $145.00 in a note issued to investors on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. BTIG Research’s target price indicates a potential upside of 14.92% from the stock’s previous close.
WING has been the subject of several other reports. Cowen decreased their price objective on shares of Wingstop to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, May 18th. Citigroup decreased their target price on shares of Wingstop from $160.00 to $139.00 in a research note on Thursday, May 5th. StockNews.com initiated coverage on shares of Wingstop in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Truist Financial decreased their target price on shares of Wingstop from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, July 1st. Finally, Piper Sandler decreased their target price on shares of Wingstop from $85.00 to $70.00 and set an “underweight” rating for the company in a research note on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $137.33.
Wingstop Trading Up 5.3 %
Shares of NASDAQ WING opened at $126.18 on Thursday. Wingstop has a 12 month low of $67.67 and a 12 month high of $187.35. The company has a 50 day simple moving average of $84.02 and a two-hundred day simple moving average of $109.56. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 98.58, a PEG ratio of 5.93 and a beta of 1.39.
Institutional Investors Weigh In On Wingstop
Large investors have recently modified their holdings of the business. Pinebridge Investments L.P. purchased a new stake in shares of Wingstop during the fourth quarter worth $69,000. Fifth Third Bancorp grew its holdings in shares of Wingstop by 11.1% during the fourth quarter. Fifth Third Bancorp now owns 821 shares of the restaurant operator’s stock worth $142,000 after buying an additional 82 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of Wingstop during the fourth quarter worth $181,000. Milestone Advisory Partners purchased a new stake in shares of Wingstop during the fourth quarter worth $200,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Wingstop during the first quarter worth $164,000.
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.
- Get a free copy of the StockNews.com research report on Wingstop (WING)
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