Wingstop (NASDAQ:WING) Earns Overweight Rating from Stephens

Wingstop (NASDAQ:WING)‘s stock had its “overweight” rating restated by Stephens in a note issued to investors on Wednesday,Benzinga reports. They currently have a $425.00 target price on the restaurant operator’s stock. Stephens’ price target would suggest a potential upside of 37.62% from the company’s current price.

A number of other research firms have also recently weighed in on WING. Benchmark increased their price objective on shares of Wingstop from $325.00 to $410.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Piper Sandler started coverage on shares of Wingstop in a research report on Wednesday, July 9th. They set an “overweight” rating for the company. The Goldman Sachs Group increased their price objective on shares of Wingstop from $310.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Robert W. Baird increased their price objective on shares of Wingstop from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, May 23rd. Finally, UBS Group increased their price objective on shares of Wingstop from $335.00 to $385.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $379.52.

Wingstop Price Performance

Wingstop stock opened at $308.82 on Wednesday. The firm has a 50 day simple moving average of $328.78 and a 200-day simple moving average of $291.70. Wingstop has a 1-year low of $204.00 and a 1-year high of $433.86. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 51.47, a price-to-earnings-growth ratio of 4.04 and a beta of 1.87.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share 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 business had revenue of $174.33 million during the quarter, compared to analysts’ expectations of $172.60 million. During the same quarter in the prior year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities analysts expect that Wingstop will post 4.18 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Marisa Carona sold 11,938 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $370.34, for a total value of $4,421,118.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Skipworth sold 4,500 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $370.34, for a total transaction of $1,666,530.00. Following the completion of the sale, the chief executive officer owned 42,777 shares in the company, valued at $15,842,034.18. The trade was a 9.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,838 shares of company stock worth $8,118,535. 0.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wingstop

Hedge funds and other institutional investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its stake in 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 acquiring an additional 62 shares in the last quarter. Signaturefd LLC raised its stake in Wingstop by 106.9% during the 1st quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 77 shares in the last quarter. Quaker Wealth Management LLC raised its stake in Wingstop by 134.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 408 shares in the last quarter. True Wealth Design LLC raised its stake in 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 acquiring an additional 54 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in Wingstop during the 2nd quarter worth $43,000.

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.