Wingstop (NASDAQ:WING) PT Raised to $393.00

Wingstop (NASDAQ:WING) had its price objective lifted by Truist Financial from $345.00 to $393.00 in a research note issued to investors on Monday, MarketBeat reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Truist Financial’s target price suggests a potential downside of 6.60% from the company’s current price.

Several other analysts have also recently commented on WING. Stephens reiterated an “overweight” rating and set a $425.00 target price on shares of Wingstop in a research report on Wednesday, May 1st. Morgan Stanley upped 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. Stifel Nicolaus upped their price objective on shares of Wingstop from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. BMO Capital Markets upped their price objective on shares of Wingstop from $275.00 to $325.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Finally, Jefferies Financial Group upped 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. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Wingstop presently has an average rating of “Hold” and a consensus price target of $352.39.

Wingstop Stock Down 0.9 %

Shares of WING opened at $420.78 on Monday. Wingstop has a 12-month low of $150.08 and a 12-month high of $431.03. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 149.74, a P/E/G ratio of 5.41 and a beta of 1.69. The stock’s 50-day moving average price is $394.95 and its 200 day moving average price is $342.36.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.22. The firm had revenue of $145.70 million for the quarter, compared to analyst estimates of $136.34 million. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 earnings per share. Equities research analysts expect that Wingstop will post 3.4 EPS for the current year.

Insider Buying and Selling

In other Wingstop news, SVP Albert G. Mcgrath sold 4,230 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total value of $1,676,772.00. Following the completion of the transaction, the senior vice president now directly owns 8,170 shares of the company’s stock, valued at approximately $3,238,588. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Albert G. Mcgrath sold 4,230 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the sale, the senior vice president now owns 8,170 shares in the company, valued at approximately $3,238,588. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ania Smith sold 566 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total transaction of $215,595.06. Following the sale, the director now owns 1,164 shares in the company, valued at approximately $443,379.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,191 shares of company stock valued at $2,443,547. Company insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Wingstop

A number of large investors have recently added to or reduced their stakes in WING. Stifel Financial Corp grew its holdings in Wingstop by 19.6% in the 3rd quarter. Stifel Financial Corp now owns 22,459 shares of the restaurant operator’s stock worth $4,039,000 after acquiring an additional 3,682 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Wingstop by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 13,150 shares of the restaurant operator’s stock valued at $2,365,000 after purchasing an additional 60 shares in the last quarter. Alberta Investment Management Corp bought a new stake in shares of Wingstop during the 3rd quarter valued at about $634,000. Advisors Asset Management Inc. boosted its stake in shares of Wingstop by 12.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,972 shares of the restaurant operator’s stock valued at $714,000 after purchasing an additional 432 shares in the last quarter. Finally, Armistice Capital LLC bought a new stake in shares of Wingstop during the 3rd quarter valued at about $309,000.

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.