The Goldman Sachs Group Forecasts Strong Price Appreciation for Wingstop (NASDAQ:WING) Stock

Wingstop (NASDAQ:WING) had its target price increased by investment analysts at The Goldman Sachs Group from $280.00 to $310.00 in a report released on Thursday, Marketbeat reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 14.77% from the company’s current price.

WING has been the topic of several other research reports. UBS Group decreased their target price on Wingstop from $300.00 to $255.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Morgan Stanley decreased their price objective on Wingstop from $389.00 to $375.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Guggenheim raised Wingstop from a “neutral” rating to a “buy” rating and set a $280.00 target price for the company in a report on Monday, February 24th. Benchmark decreased their price target on shares of Wingstop from $340.00 to $325.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, Northcoast Research cut shares of Wingstop from a “buy” rating to a “neutral” rating in a research note on Friday, February 21st. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.05.

Wingstop Trading Up 4.0 %

WING stock opened at $270.11 on Thursday. Wingstop has a 1-year low of $204.00 and a 1-year high of $433.86. The business’s 50 day simple moving average is $226.65 and its 200 day simple moving average is $280.59. The firm has a market capitalization of $7.54 billion, a PE ratio of 72.81, a PEG ratio of 2.27 and a beta of 2.02.

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

Institutional Investors Weigh In On Wingstop

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. lifted its stake in Wingstop by 1.9% in the 4th quarter. American Century Companies Inc. now owns 1,206,062 shares of the restaurant operator’s stock valued at $342,763,000 after purchasing an additional 22,552 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Wingstop by 29.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,150,217 shares of the restaurant operator’s stock worth $326,893,000 after buying an additional 262,229 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Wingstop by 0.9% during the third quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator’s stock worth $326,020,000 after buying an additional 7,204 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Wingstop by 23.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator’s stock valued at $227,852,000 after acquiring an additional 154,055 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Wingstop by 21.4% during the 4th quarter. Alliancebernstein L.P. now owns 573,999 shares of the restaurant operator’s stock valued at $163,131,000 after acquiring an additional 101,247 shares in the last quarter.

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.