Wingstop (NASDAQ:WING) Earns Outperform Rating from Wedbush

Wingstop (NASDAQ:WING)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a research note issued on Tuesday, Benzinga reports. They presently have a $390.00 target price on the restaurant operator’s stock. Wedbush’s price target indicates a potential upside of 23.61% from the company’s previous close. Wedbush also issued estimates for Wingstop’s Q4 2024 earnings at $0.84 EPS, FY2024 earnings at $3.63 EPS, Q1 2025 earnings at $1.13 EPS, Q2 2025 earnings at $1.16 EPS, Q4 2025 earnings at $1.13 EPS and FY2025 earnings at $4.59 EPS.

Several other research firms also recently issued reports on WING. TD Cowen reduced their price target on shares of Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Raymond James upgraded shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a report on Thursday, August 1st. Piper Sandler decreased their target price on shares of Wingstop from $375.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday. BTIG Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price target on the stock in a research report on Thursday, October 31st. Finally, Stephens decreased their price objective on Wingstop from $490.00 to $468.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $373.00.

Wingstop Price Performance

Shares of NASDAQ WING opened at $315.51 on Tuesday. Wingstop has a 1 year low of $204.01 and a 1 year high of $433.86. The firm has a market cap of $9.22 billion, a PE ratio of 91.29, a price-to-earnings-growth ratio of 2.74 and a beta of 1.76. The company has a 50 day simple moving average of $383.99 and a 200 day simple moving average of $386.76.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). The company had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The company’s quarterly revenue was up 38.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. As a group, research analysts anticipate that Wingstop will post 3.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Wingstop

Several hedge funds have recently bought and sold shares of WING. Hollencrest Capital Management bought a new position in Wingstop in the 2nd quarter worth about $27,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Wingstop in the second quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV raised its stake in Wingstop by 60.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 35 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Wingstop by 60.6% in the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 40 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Wingstop by 384.6% during the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 100 shares during the last quarter.

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.