Wingstop (NASDAQ:WING) Earns Overweight Rating from Stephens

Wingstop (NASDAQ:WING)‘s stock had its “overweight” rating reissued by research analysts at Stephens in a note issued to investors on Wednesday,Benzinga reports. They currently have a $385.00 price target on the restaurant operator’s stock. Stephens’ price objective would suggest a potential upside of 48.27% from the stock’s previous close.

WING has been the topic of several other research reports. Northcoast Research cut Wingstop from a “buy” rating to a “neutral” rating in a report on Friday, February 21st. Robert W. Baird cut their price target on shares of Wingstop from $375.00 to $350.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. Stifel Nicolaus lowered their price objective on shares of Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Wedbush reduced their target price on shares of Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, UBS Group lowered their target price on Wingstop from $300.00 to $255.00 and set a “neutral” rating for the company in a report on Monday. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $326.17.

Wingstop Price Performance

Shares of WING stock opened at $259.67 on Wednesday. The stock has a 50-day moving average of $226.03 and a 200-day moving average of $281.44. Wingstop has a one year low of $204.00 and a one year high of $433.86. The stock has a market cap of $7.25 billion, a PE ratio of 69.99, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, beating the consensus estimate of $0.84 by $0.15. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The firm had revenue of $171.09 million during the quarter, compared to the consensus estimate of $172.25 million. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was up 17.4% on a year-over-year basis. As a group, research analysts anticipate that Wingstop will post 4.18 earnings per share for the current year.

Institutional Trading of Wingstop

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 73 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Wingstop by 62.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 35 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Wingstop by 93.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 62 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Wingstop in the fourth quarter valued at approximately $30,000. Finally, True Wealth Design LLC increased its stake in shares of Wingstop by 62.1% during the fourth quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator’s stock worth $40,000 after purchasing an additional 54 shares during the period.

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.