Wingstop (NASDAQ:WING) Stock Price Expected to Rise, Piper Sandler Analyst Says

Wingstop (NASDAQ:WING) had its target price increased by investment analysts at Piper Sandler from $271.00 to $272.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s price target suggests a potential upside of 0.70% from the stock’s previous close.

Other analysts have also issued research reports about the company. Guggenheim raised Wingstop from a “neutral” rating to a “buy” rating and set a $280.00 price objective for the company in a research note on Monday, February 24th. Stifel Nicolaus cut their price target on shares of Wingstop from $375.00 to $350.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Stephens restated an “overweight” rating and issued a $385.00 price objective on shares of Wingstop in a research report on Wednesday. Wells Fargo & Company started coverage on shares of Wingstop in a report on Wednesday, March 26th. They set an “overweight” rating and a $270.00 target price for the company. Finally, Robert W. Baird reduced their price target on Wingstop from $375.00 to $350.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $320.05.

Wingstop Stock Performance

WING stock opened at $270.11 on Thursday. The firm has a market cap of $7.54 billion, a P/E ratio of 72.81, a P/E/G ratio of 2.27 and a beta of 2.02. The firm’s fifty day moving average is $226.65 and its 200 day moving average is $280.59. Wingstop has a 52 week low of $204.00 and a 52 week high of $433.86.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, topping 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 negative return on equity of 21.59% and a net margin of 17.37%. The company’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, analysts forecast that Wingstop will post 4.18 EPS for the current year.

Institutional Trading of Wingstop

A number of hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in Wingstop by 521.4% during the fourth 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 increased 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 valued at $26,000 after acquiring an additional 35 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Wingstop by 93.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 62 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Wingstop in the 4th quarter worth about $30,000. Finally, Signaturefd LLC grew its position in Wingstop by 106.9% during the 1st quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 77 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.