Wingstop (NASDAQ:WING) Price Target Increased to $398.00 by Analysts at Citigroup

Wingstop (NASDAQ:WING) had its price target lifted by stock analysts at Citigroup from $375.00 to $398.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price objective suggests a potential upside of 2.43% from the company’s current price.

WING has been the topic of a number of other research reports. Benchmark reaffirmed a “hold” rating on shares of Wingstop in a research report on Thursday. Bank of America upped their price objective on shares of Wingstop from $421.00 to $461.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley upped their price objective on shares of Wingstop from $280.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Sanford C. Bernstein initiated coverage on shares of Wingstop in a report on Wednesday, February 14th. They set an “outperform” rating and a $340.00 price objective on the stock. Finally, Jefferies Financial Group upped their target price on shares of Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $330.39.

Wingstop Stock Up 1.8 %

Shares of Wingstop stock opened at $388.55 on Thursday. Wingstop has a twelve month low of $150.08 and a twelve month high of $396.00. The stock has a market cap of $11.41 billion, a price-to-earnings ratio of 135.78, a P/E/G ratio of 6.60 and a beta of 1.67. The company’s fifty day moving average is $359.50 and its 200 day moving average is $286.56.

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

Insiders Place Their Bets

In other news, Director Kilandigalu Madati sold 1,472 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 5,450 shares of the company’s stock, valued at approximately $1,852,291.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Marisa Carona sold 2,586 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kilandigalu Madati sold 1,472 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 5,450 shares of the company’s stock, valued at $1,852,291.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,901 shares of company stock valued at $5,120,605. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WING. American Century Companies Inc. boosted its holdings in Wingstop by 29.4% in the 3rd quarter. American Century Companies Inc. now owns 1,626,558 shares of the restaurant operator’s stock worth $292,520,000 after buying an additional 370,032 shares during the period. Wellington Management Group LLP boosted its holdings in Wingstop by 11.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,167,230 shares of the restaurant operator’s stock worth $209,915,000 after buying an additional 121,134 shares during the period. Federated Hermes Inc. boosted its holdings in Wingstop by 1.8% in the 4th quarter. Federated Hermes Inc. now owns 1,107,852 shares of the restaurant operator’s stock worth $284,253,000 after buying an additional 19,540 shares during the period. Artisan Partners Limited Partnership boosted its holdings in Wingstop by 64.3% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,079,939 shares of the restaurant operator’s stock worth $194,216,000 after buying an additional 422,727 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Wingstop by 155.7% in the 4th quarter. Franklin Resources Inc. now owns 873,385 shares of the restaurant operator’s stock worth $224,093,000 after buying an additional 531,880 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.