TD Cowen Lowers Wingstop (NASDAQ:WING) Price Target to $280.00

Wingstop (NASDAQ:WING) had its price target reduced by investment analysts at TD Cowen from $320.00 to $280.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. TD Cowen’s price target suggests a potential upside of 14.47% from the stock’s current price.

Several other analysts have also recently commented on WING. Morgan Stanley reiterated an “overweight” rating and set a $363.00 price target on shares of Wingstop in a research report on Tuesday. Wolfe Research initiated coverage on shares of Wingstop in a research note on Wednesday, July 9th. They set an “outperform” rating and a $280.00 target price on the stock. Mizuho raised shares of Wingstop to a “strong-buy” rating in a report on Tuesday, October 28th. BTIG Research reduced their target price on shares of Wingstop from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Westpark Capital upgraded shares of Wingstop to a “strong-buy” rating in a research report on Wednesday, July 9th. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $335.96.

Wingstop Stock Down 3.3%

WING opened at $244.60 on Wednesday. The company has a market cap of $6.80 billion, a PE ratio of 39.84, a price-to-earnings-growth ratio of 3.52 and a beta of 1.73. Wingstop has a twelve month low of $204.00 and a twelve month high of $388.14. The company has a 50-day moving average price of $261.79 and a 200 day moving average price of $300.35.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.18. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.The company had revenue of $175.74 million for the quarter, compared to analysts’ expectations of $189.10 million. During the same period in the previous year, the firm posted $0.88 EPS. Wingstop’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts expect that Wingstop will post 4.18 earnings per share for the current year.

Institutional Trading of Wingstop

Institutional investors have recently made changes to their positions in the company. Quaker Wealth Management LLC lifted its holdings in Wingstop by 134.2% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 408 shares during the last quarter. Cornerstone Planning Group LLC raised its position in Wingstop by 1,650.0% in the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 99 shares during the period. Ameriflex Group Inc. purchased a new stake in Wingstop in the second quarter valued at $43,000. Hantz Financial Services Inc. lifted its stake in shares of Wingstop by 4,200.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 126 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of Wingstop by 54.3% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 50 shares during the period.

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.