Wingstop (NASDAQ:WING) PT Raised to $315.00

Wingstop (NASDAQ:WING) had its price target lifted by research analysts at Morgan Stanley from $280.00 to $315.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s price target indicates a potential downside of 13.73% from the stock’s previous close.

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

Wingstop Stock Performance

Shares of WING stock opened at $365.15 on Friday. Wingstop has a fifty-two week low of $150.08 and a fifty-two week high of $379.00. The firm has a market cap of $10.72 billion, a P/E ratio of 155.38, a P/E/G ratio of 6.52 and a beta of 1.68. The business’s 50 day moving average price is $341.81 and its 200-day moving average price is $268.77.

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

Insider Transactions at Wingstop

In other Wingstop news, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the transaction, the senior vice president now owns 1,646 shares in the company, valued at approximately $612,246.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Marisa Carona sold 2,586 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares in the company, valued at $612,246.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kilandigalu Madati sold 1,472 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total transaction of $500,288.64. Following the sale, the director now owns 5,450 shares of the company’s stock, valued at $1,852,291.50. The disclosure for this sale can be found here. Insiders sold 14,901 shares of company stock worth $5,120,605 over the last quarter. 0.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Comerica Bank bought a new position in shares of Wingstop in the 3rd quarter worth approximately $4,021,000. Teza Capital Management LLC purchased a new stake in Wingstop during the third quarter valued at approximately $1,961,000. Legato Capital Management LLC raised its position in Wingstop by 5.6% in the fourth quarter. Legato Capital Management LLC now owns 1,605 shares of the restaurant operator’s stock worth $412,000 after acquiring an additional 85 shares during the period. Alberta Investment Management Corp purchased a new position in shares of Wingstop during the 3rd quarter worth $634,000. Finally, Sei Investments Co. grew its position in shares of Wingstop by 19.4% during the 3rd quarter. Sei Investments Co. now owns 141,628 shares of the restaurant operator’s stock valued at $25,472,000 after acquiring an additional 22,990 shares during the period.

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.