Wingstop (NASDAQ:WING) Stock Rating Upgraded by Northcoast Research

Wingstop (NASDAQ:WING) was upgraded by equities research analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has a $350.00 price target on the restaurant operator’s stock. Northcoast Research’s price objective suggests a potential upside of 17.87% from the stock’s current price.

A number of other research firms also recently commented on WING. Truist Financial lifted their target price on Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Raymond James upgraded shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Thursday, August 1st. BMO Capital Markets increased their target price on shares of Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Morgan Stanley boosted their price target on shares of Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 16th. Finally, Benchmark upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price objective on the stock in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $379.58.

Wingstop Stock Up 3.2 %

Shares of WING opened at $296.94 on Friday. Wingstop has a 52-week low of $196.54 and a 52-week high of $433.86. The stock has a fifty day simple moving average of $388.10 and a two-hundred day simple moving average of $387.14. The company has a market capitalization of $8.67 billion, a PE ratio of 86.57, a price-to-earnings-growth ratio of 2.74 and a beta of 1.76.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.09). The firm had revenue of $162.50 million for the quarter, compared to analyst estimates of $160.24 million. Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. Wingstop’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 earnings per share. As a group, equities analysts anticipate that Wingstop will post 3.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Donnie Upshaw sold 3,199 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total value of $1,192,299.29. Following the sale, the senior vice president now directly owns 97 shares in the company, valued at approximately $36,152.87. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is owned by insiders.

Institutional Investors Weigh In On Wingstop

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Wingstop in the 1st quarter valued at $370,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Wingstop during the first quarter worth about $4,840,000. BNP Paribas Financial Markets increased its position in shares of Wingstop by 1,308.1% during the first quarter. BNP Paribas Financial Markets now owns 24,951 shares of the restaurant operator’s stock worth $9,142,000 after purchasing an additional 23,179 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Wingstop in the 1st quarter valued at about $144,000. Finally, Daiwa Securities Group Inc. boosted its position in shares of Wingstop by 276.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 980 shares of the restaurant operator’s stock valued at $359,000 after purchasing an additional 720 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.