Wingstop (NASDAQ:WING) PT Raised to $400.00

Wingstop (NASDAQ:WING) had its price objective hoisted by analysts at Wedbush from $340.00 to $400.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Wedbush’s target price would indicate a potential upside of 4.95% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus upped their target price on shares of Wingstop from $270.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Jefferies Financial Group boosted their price objective on shares of Wingstop from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. TD Cowen reaffirmed a “buy” rating and set a $410.00 price objective on shares of Wingstop in a research report on Wednesday, April 10th. Morgan Stanley boosted their price objective on shares of Wingstop from $280.00 to $315.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. Finally, Truist Financial reaffirmed a “hold” rating and set a $292.00 price objective on shares of Wingstop in a research report on Monday, April 1st. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $294.17.

Wingstop Stock Performance

Shares of NASDAQ:WING traded up $11.25 during midday trading on Friday, hitting $381.15. 235,990 shares of the company’s stock traded hands, compared to its average volume of 464,125. The company has a market cap of $11.19 billion, a PE ratio of 162.51, a P/E/G ratio of 6.27 and a beta of 1.68. The firm’s fifty day moving average price is $352.20 and its two-hundred day moving average price is $278.78. Wingstop has a twelve month low of $150.08 and a twelve month high of $382.24.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. The business had revenue of $127.06 million for the quarter, compared to analyst estimates of $120.47 million. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 EPS. As a group, equities research analysts anticipate that Wingstop will post 3.02 EPS for the current fiscal year.

Insider Activity at Wingstop

In other Wingstop news, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total value of $500,288.64. Following the transaction, the director now owns 5,450 shares in the company, valued at approximately $1,852,291.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the transaction, the chief executive officer now owns 17,107 shares in the company, valued at approximately $5,771,901.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kilandigalu Madati sold 1,472 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the transaction, the director now owns 5,450 shares in the company, valued at approximately $1,852,291.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,901 shares of company stock worth $5,120,605. 0.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WING. SG Americas Securities LLC grew its stake in Wingstop by 3.9% in the 3rd quarter. SG Americas Securities LLC now owns 9,336 shares of the restaurant operator’s stock valued at $1,679,000 after buying an additional 352 shares during the last quarter. Copeland Capital Management LLC grew its stake in Wingstop by 13.1% in the 3rd quarter. Copeland Capital Management LLC now owns 462,173 shares of the restaurant operator’s stock valued at $83,117,000 after buying an additional 53,688 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in Wingstop by 64.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,859 shares of the restaurant operator’s stock valued at $514,000 after buying an additional 1,122 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Wingstop by 22.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,985 shares of the restaurant operator’s stock valued at $1,076,000 after buying an additional 1,093 shares during the last quarter. Finally, Strs Ohio grew its stake in Wingstop by 101.1% in the 3rd quarter. Strs Ohio now owns 70,400 shares of the restaurant operator’s stock valued at $12,660,000 after buying an additional 35,400 shares during 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.