Wingstop (NASDAQ:WING) Price Target Increased to $360.00 by Analysts at BMO Capital Markets

Wingstop (NASDAQ:WING) had its price target boosted by analysts at BMO Capital Markets from $345.00 to $360.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the restaurant operator’s stock. BMO Capital Markets’ target price would indicate a potential downside of 1.81% from the stock’s previous close.

A number of other equities research analysts have also weighed in on WING. Truist Financial upped their target price on shares of Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a report on Thursday. Citigroup raised their target price on Wingstop from $375.00 to $398.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Stifel Nicolaus lifted their target price on Wingstop from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Raymond James raised Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research report on Thursday. Finally, Stephens reaffirmed an “overweight” rating and set a $456.00 price objective on shares of Wingstop in a report on Wednesday. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $345.58.

Wingstop Trading Down 1.9 %

NASDAQ WING traded down $7.24 during trading hours on Thursday, hitting $366.64. 232,648 shares of the company’s stock were exchanged, compared to its average volume of 462,497. Wingstop has a 1-year low of $150.08 and a 1-year high of $431.03. The stock has a 50-day simple moving average of $394.47 and a 200 day simple moving average of $360.60. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 130.48, a PEG ratio of 4.29 and a beta of 1.69.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The business had revenue of $155.70 million during the quarter, compared to analyst estimates of $146.04 million. During the same period in the previous year, the company posted $0.57 EPS. The firm’s revenue was up 45.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Wingstop will post 3.47 earnings per share for the current fiscal year.

Insider Activity at Wingstop

In other Wingstop news, SVP Albert G. Mcgrath sold 4,230 shares of the business’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 of the company’s stock, valued at approximately $3,238,588. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Kilandigalu Madati sold 645 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $395.74, for a total transaction of $255,252.30. Following the completion of the transaction, the director now directly owns 5,147 shares in the company, valued at approximately $2,036,873.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Albert G. Mcgrath sold 4,230 shares of Wingstop 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 sale, the senior vice president now directly owns 8,170 shares of the company’s stock, valued at approximately $3,238,588. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,191 shares of company stock worth $2,443,547. 0.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wingstop

A number of hedge funds and other institutional investors have recently bought and sold shares of WING. Rise Advisors LLC purchased a new position in Wingstop in the first quarter worth $29,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Wingstop by 60.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after buying an additional 35 shares in the last quarter. GAMMA Investing LLC lifted its position in Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after buying an additional 40 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Wingstop in the fourth quarter worth approximately $47,000. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Wingstop by 323.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 233 shares of the restaurant operator’s stock valued at $60,000 after purchasing an additional 178 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.