Wingstop (NASDAQ:WING) Rating Increased to Hold at Wall Street Zen

Wingstop (NASDAQ:WING) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other research firms have also recently weighed in on WING. Truist Financial decreased their target price on shares of Wingstop from $400.00 to $365.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. TD Cowen lowered their target price on Wingstop from $320.00 to $280.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Wingstop in a research report on Monday. Wells Fargo & Company reduced their price target on Wingstop from $365.00 to $330.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Finally, Stifel Nicolaus lowered their price objective on Wingstop from $375.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $335.96.

Wingstop Stock Down 2.0%

NASDAQ:WING opened at $257.56 on Friday. Wingstop has a twelve month low of $204.00 and a twelve month high of $388.14. The stock’s 50-day simple moving average is $248.32 and its 200 day simple moving average is $298.19. The firm has a market capitalization of $7.16 billion, a PE ratio of 41.95, a price-to-earnings-growth ratio of 3.63 and a beta of 1.75.

Wingstop (NASDAQ:WING) last posted its earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.18. The firm had revenue of $175.74 million during the quarter, compared to analysts’ expectations of $189.10 million. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 earnings per share. On average, analysts anticipate that Wingstop will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling at Wingstop

In related news, Director Kilandigalu Madati sold 269 shares of Wingstop stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $259.97, for a total transaction of $69,931.93. Following the completion of the transaction, the director owned 5,283 shares of the company’s stock, valued at $1,373,421.51. This trade represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is currently owned by company insiders.

Institutional Trading of Wingstop

Large investors have recently bought and sold shares of the business. Lone Pine Capital LLC bought a new stake in Wingstop during the 3rd quarter worth approximately $375,317,000. T. Rowe Price Investment Management Inc. bought a new stake in Wingstop during the first quarter worth $212,672,000. Steadfast Capital Management LP grew its holdings in Wingstop by 296.2% during the third quarter. Steadfast Capital Management LP now owns 950,521 shares of the restaurant operator’s stock worth $239,227,000 after buying an additional 710,621 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Wingstop by 43.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,646,934 shares of the restaurant operator’s stock valued at $371,517,000 after buying an additional 496,717 shares during the last quarter. Finally, Capital World Investors lifted its stake in Wingstop by 160.6% during the 3rd quarter. Capital World Investors now owns 740,896 shares of the restaurant operator’s stock valued at $186,469,000 after acquiring an additional 456,637 shares in the last quarter.

Wingstop Company Profile

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.