Wingstop (NASDAQ:WING) Price Target Increased to $145.00 by Analysts at BTIG Research

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.

Wingstop (NASDAQ:WING – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The restaurant operator reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. Wingstop had a net margin of 13.25% and a negative return on equity of 10.89%. The business had revenue of $83.78 million during the quarter, compared to analysts’ expectations of $86.11 million. During the same period in the previous year, the business posted $0.38 EPS. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. Analysts forecast that Wingstop will post 1.52 EPS for the current year.

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.

About Wingstop

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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.