Wingstop’s (WING) Hold (C+) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c+) rating on shares of Wingstop (NASDAQ:WING) in a research report report published on Thursday morning,Weiss Ratings reports.

Other equities analysts have also recently issued research reports about the stock. Benchmark dropped their target price on shares of Wingstop from $410.00 to $340.00 and set a “buy” rating on the stock in a research report on Monday, September 29th. Truist Financial set a $400.00 target price on shares of Wingstop in a research report on Tuesday, October 14th. Stifel Nicolaus dropped their target price on shares of Wingstop from $405.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, September 9th. Morgan Stanley dropped their target price on shares of Wingstop from $400.00 to $372.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 15th. Finally, William Blair started coverage on shares of Wingstop in a report on Wednesday, July 9th. They issued an “outperform” rating on the stock. Five research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $354.60.

Wingstop Stock Up 0.5%

Wingstop stock opened at $216.63 on Thursday. Wingstop has a 52 week low of $204.00 and a 52 week high of $388.14. The company’s 50 day moving average price is $269.28 and its two-hundred day moving average price is $300.40. The stock has a market cap of $6.05 billion, a P/E ratio of 36.11, a P/E/G ratio of 3.02 and a beta of 1.78.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, July 30th. The restaurant operator reported $1.00 EPS for the quarter, topping 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 firm had revenue of $174.33 million for the quarter, compared to analysts’ expectations of $172.60 million. During the same quarter last year, the firm earned $0.93 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that Wingstop will post 4.18 EPS for the current year.

Institutional Investors Weigh In On Wingstop

Hedge funds have recently modified their holdings of the stock. Savoir Faire Capital Management L.P. grew its stake in Wingstop by 10.0% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 30,003 shares of the restaurant operator’s stock valued at $7,551,000 after buying an additional 2,731 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in Wingstop by 47.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 22,345 shares of the restaurant operator’s stock valued at $5,624,000 after buying an additional 7,145 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Wingstop by 0.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 11,821 shares of the restaurant operator’s stock valued at $2,979,000 after buying an additional 62 shares in the last quarter. Whittier Trust Co. grew its stake in Wingstop by 1.5% in the 3rd quarter. Whittier Trust Co. now owns 22,629 shares of the restaurant operator’s stock valued at $5,702,000 after buying an additional 343 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its stake in Wingstop by 787.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 44,774 shares of the restaurant operator’s stock valued at $11,269,000 after buying an additional 39,726 shares in 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.