Wingstop (NASDAQ:WING) Coverage Initiated at Stephens

Stock analysts at Stephens assumed coverage on shares of Wingstop (NASDAQ:WING) in a research report issued to clients and investors on Friday, Marketbeat reports. The firm set an “overweight” rating and a $425.00 price target on the restaurant operator’s stock. Stephens’ price target suggests a potential upside of 16.39% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Sanford C. Bernstein started coverage on Wingstop in a research report on Wednesday, February 14th. They set an “outperform” rating and a $340.00 target price on the stock. Truist Financial reissued a “hold” rating and set a $292.00 target price on shares of Wingstop in a research report on Monday, April 1st. Wedbush boosted their target price on Wingstop from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Robert W. Baird boosted their target price on Wingstop from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, BMO Capital Markets boosted their target price on Wingstop from $235.00 to $275.00 and gave the company a “market perform” rating in a research report on Thursday, February 22nd. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $271.83.

Wingstop Price Performance

NASDAQ:WING opened at $365.15 on Friday. Wingstop has a 1 year low of $150.08 and a 1 year high of $379.00. The stock’s 50 day simple moving average is $341.81 and its two-hundred day simple moving average is $268.77. The company has a market cap of $10.72 billion, a price-to-earnings ratio of 155.38, a PEG ratio of 6.52 and a beta of 1.68.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The business had revenue of $127.06 million for the quarter, compared to the consensus estimate of $120.47 million. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The company’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. As a group, analysts anticipate that Wingstop will post 3 EPS for the current year.

Insider Buying and Selling

In related news, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the sale, the director now directly owns 5,450 shares in the company, valued at approximately $1,852,291.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the sale, the director now directly owns 5,450 shares in the company, valued at approximately $1,852,291.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $337.40, for a total value of $3,658,428.20. Following the completion of the sale, the chief executive officer now owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The disclosure for this sale can be found here. Insiders sold 14,901 shares of company stock worth $5,120,605 in the last three months. 0.36% of the stock is owned by insiders.

Institutional Investors Weigh In On Wingstop

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WING. McGlone Suttner Wealth Management Inc. purchased a new stake in Wingstop in the fourth quarter valued at about $28,000. Rise Advisors LLC purchased a new stake in Wingstop in the first quarter valued at about $29,000. Public Employees Retirement System of Ohio raised its stake in Wingstop by 39.9% in the third quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 79 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Wingstop in the third quarter valued at about $38,000. Finally, FSC Wealth Advisors LLC purchased a new stake in Wingstop in the fourth quarter valued at about $39,000.

About Wingstop

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.