Wingstop (NASDAQ:WING) Stock Rating Reaffirmed by Stephens

Wingstop (NASDAQ:WING)‘s stock had its “overweight” rating reiterated by investment analysts at Stephens in a report issued on Wednesday, Benzinga reports. They currently have a $425.00 price target on the restaurant operator’s stock. Stephens’ price objective would indicate a potential upside of 11.39% from the company’s current price.

Other equities analysts have also issued reports about the company. Morgan Stanley raised their price target on Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Benchmark reiterated a “hold” rating on shares of Wingstop in a report on Tuesday, April 23rd. Stifel Nicolaus raised their price target on shares of Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, February 16th. TD Cowen reaffirmed a “buy” rating and set a $410.00 price objective on shares of Wingstop in a research note on Wednesday. Finally, Truist Financial reissued a “hold” rating and issued a $292.00 target price on shares of Wingstop in a research note on Monday, April 1st. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $329.11.

Wingstop Trading Down 0.6 %

Shares of Wingstop stock opened at $381.54 on Wednesday. The firm has a market capitalization of $11.21 billion, a PE ratio of 135.78, a price-to-earnings-growth ratio of 6.60 and a beta of 1.67. Wingstop has a 12 month low of $150.08 and a 12 month high of $396.00. The business’s 50-day moving average price is $358.55 and its 200-day moving average price is $285.89.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 EPS for the quarter, topping the consensus estimate of $0.76 by $0.22. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The firm had revenue of $145.70 million for the quarter, compared to the consensus estimate of $136.34 million. During the same period last year, the firm posted $0.59 earnings per share. The business’s revenue was up 34.0% compared to the same quarter last year. As a group, analysts predict that Wingstop will post 3.03 earnings per share for the current fiscal year.

Insider Transactions at Wingstop

In related news, Director Kilandigalu Madati sold 1,472 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total value of $500,288.64. Following the sale, the director now owns 5,450 shares in the company, valued at $1,852,291.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 directly owns 5,450 shares of the company’s stock, valued at approximately $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 three months. 0.36% of the stock is currently owned by company insiders.

Institutional Trading of Wingstop

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Wingstop by 3.6% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 12,444 shares of the restaurant operator’s stock worth $4,559,000 after purchasing an additional 430 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Wingstop by 4.0% in the first quarter. Whittier Trust Co. now owns 24,346 shares of the restaurant operator’s stock worth $8,920,000 after acquiring an additional 936 shares during the period. FORA Capital LLC purchased a new stake in shares of Wingstop during the first quarter worth about $4,188,000. Daiwa Securities Group Inc. grew its position in shares of Wingstop by 276.9% during the first quarter. Daiwa Securities Group Inc. now owns 980 shares of the restaurant operator’s stock worth $359,000 after purchasing an additional 720 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in Wingstop during the 1st quarter valued at approximately $144,000.

Wingstop Company Profile

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.