Wingstop (NASDAQ:WING) Coverage Initiated at DA Davidson

Research analysts at DA Davidson started coverage on shares of Wingstop (NASDAQ:WING) in a research report issued on Friday, MarketBeat.com reports. The brokerage set a “buy” rating and a $330.00 price target on the restaurant operator’s stock. DA Davidson’s price target would suggest a potential upside of 44.00% from the company’s current price.

Several other research firms have also recently issued reports on WING. Benchmark reiterated a “buy” rating on shares of Wingstop in a research report on Thursday, February 19th. Stifel Nicolaus upped their target price on shares of Wingstop from $290.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Loop Capital started coverage on shares of Wingstop in a report on Friday, January 9th. They issued a “buy” rating and a $317.00 price target on the stock. Truist Financial set a $374.00 price target on shares of Wingstop and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Finally, Barclays dropped their price objective on shares of Wingstop from $335.00 to $330.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Four analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $335.86.

Wingstop Stock Down 3.0%

NASDAQ WING opened at $229.17 on Friday. Wingstop has a twelve month low of $204.00 and a twelve month high of $388.14. The business has a 50-day moving average price of $259.37 and a 200-day moving average price of $260.86. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 2.50 and a beta of 1.82.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.16. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.The company had revenue of $175.69 million for the quarter, compared to the consensus estimate of $177.74 million. During the same quarter last year, the company earned $0.92 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts expect that Wingstop will post 4.18 EPS for the current fiscal year.

Insider Activity

In other Wingstop news, Director Kilandigalu Madati sold 2,700 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $260.73, for a total transaction of $703,971.00. Following the sale, the director directly owned 2,583 shares of the company’s stock, valued at $673,465.59. The trade was a 51.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Wesley S. Mcdonald sold 566 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $250.00, for a total value of $141,500.00. Following the sale, the director owned 4,375 shares in the company, valued at approximately $1,093,750. This trade represents a 11.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.72% of the company’s stock.

Institutional Trading of Wingstop

Several hedge funds and other institutional investors have recently bought and sold shares of WING. Pacer Advisors Inc. boosted its stake in Wingstop by 59.2% during the fourth quarter. Pacer Advisors Inc. now owns 5,940 shares of the restaurant operator’s stock worth $1,417,000 after buying an additional 2,210 shares during the period. Virtu Financial LLC purchased a new stake in shares of Wingstop in the fourth quarter valued at $603,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Wingstop in the 4th quarter worth about $63,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Wingstop by 6.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,173,613 shares of the restaurant operator’s stock worth $279,895,000 after acquiring an additional 70,224 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of Wingstop by 30.5% during the 4th quarter. Corient Private Wealth LLC now owns 2,180 shares of the restaurant operator’s stock worth $520,000 after purchasing an additional 509 shares during the period.

Wingstop Company Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.