Stephens Boosts Wingstop (NASDAQ:WING) Price Target to $425.00

Wingstop (NASDAQ:WINGGet Free Report) had its target price hoisted by equities researchers at Stephens from $400.00 to $425.00 in a research note issued on Thursday, Marketbeat.com reports. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. Stephens’ price target points to a potential upside of 17.26% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Bank of America dropped their target price on Wingstop from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, July 18th. BTIG Research boosted their target price on Wingstop from $350.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. Citigroup upped their price objective on Wingstop from $296.00 to $321.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Wolfe Research started coverage on Wingstop in a research report on Wednesday, July 9th. They issued an “outperform” rating and a $280.00 price objective on the stock. Finally, Piper Sandler started coverage on Wingstop in a research report on Wednesday, July 9th. They issued an “overweight” rating on the stock. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $379.52.

View Our Latest Stock Analysis on WING

Wingstop Stock Performance

Shares of Wingstop stock opened at $362.45 on Thursday. The stock has a market cap of $10.11 billion, a price-to-earnings ratio of 60.41, a price-to-earnings-growth ratio of 5.05 and a beta of 1.84. The stock has a 50 day moving average price of $340.50 and a 200-day moving average price of $285.90. Wingstop has a one year low of $204.00 and a one year high of $433.86.

Wingstop (NASDAQ:WINGGet Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The restaurant operator reported $1.00 EPS for the quarter, beating the consensus estimate of $0.88 by $0.12. Wingstop had a net margin of 25.61% and a negative return on equity of 17.07%. The company had revenue of $174.33 million for the quarter, compared to the consensus estimate of $172.60 million. During the same period in the prior year, the firm posted $0.93 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. Sell-side analysts predict that Wingstop will post 4.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Raj Kapoor sold 637 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $273.07, for a total transaction of $173,945.59. Following the completion of the sale, the senior vice president directly owned 517 shares in the company, valued at $141,177.19. This represents a 55.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Alex Kaleida sold 5,400 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $376.09, for a total value of $2,030,886.00. Following the sale, the chief financial officer owned 8,362 shares of the company’s stock, valued at $3,144,864.58. This trade represents a 39.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,475 shares of company stock valued at $11,665,881. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Wingstop

A number of hedge funds have recently made changes to their positions in WING. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Wingstop by 93.9% during 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. Signaturefd LLC lifted its stake in shares of Wingstop by 106.9% during the 1st quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 77 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of Wingstop by 62.1% during the 4th 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 last quarter. Quarry LP purchased a new stake in shares of Wingstop during the 4th quarter worth $41,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Wingstop during the 2nd quarter worth $43,000.

About Wingstop

(Get Free Report)

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.

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Analyst Recommendations for Wingstop (NASDAQ:WING)

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