Wingstop (NASDAQ:WING) Earns “Overweight” Rating from Stephens

Wingstop (NASDAQ:WING)‘s stock had its “overweight” rating reissued by stock analysts at Stephens in a note issued to investors on Wednesday, Benzinga reports. They currently have a $475.00 price objective on the restaurant operator’s stock. Stephens’ price objective would indicate a potential upside of 26.47% from the company’s previous close.

WING has been the subject of a number of other research reports. The Goldman Sachs Group raised their price target on shares of Wingstop from $407.00 to $458.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Bank of America raised their price target on shares of Wingstop from $421.00 to $461.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Stifel Nicolaus lifted their price objective on shares of Wingstop from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. BMO Capital Markets lifted their price objective on shares of Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Finally, Wedbush reaffirmed an “outperform” rating and set a $425.00 price objective on shares of Wingstop in a research report on Thursday, August 1st. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Wingstop currently has a consensus rating of “Hold” and an average target price of $378.65.

Wingstop Price Performance

NASDAQ:WING traded up $0.90 during mid-day trading on Wednesday, hitting $375.59. The company’s stock had a trading volume of 131,030 shares, compared to its average volume of 460,919. The business’s fifty day moving average is $391.70 and its two-hundred day moving average is $367.06. Wingstop has a 1 year low of $150.08 and a 1 year high of $431.03. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 133.54, a PEG ratio of 3.79 and a beta of 1.70.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. The firm had revenue of $155.70 million during the quarter, compared to the consensus estimate of $146.04 million. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The company’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. Analysts anticipate that Wingstop will post 3.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Donnie Upshaw sold 3,199 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total value of $1,192,299.29. Following the transaction, the senior vice president now owns 97 shares of the company’s stock, valued at approximately $36,152.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Kilandigalu Madati sold 645 shares of the firm’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 sale, the director now directly owns 5,147 shares of the company’s stock, valued at approximately $2,036,873.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Donnie Upshaw sold 3,199 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the sale, the senior vice president now directly owns 97 shares of the company’s stock, valued at $36,152.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,410 shares of company stock worth $1,663,147. 0.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Wingstop

Large investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new position in Wingstop during the 2nd quarter worth $27,000. Rise Advisors LLC acquired a new position in Wingstop during the 1st quarter worth $29,000. Ashton Thomas Private Wealth LLC acquired a new position in Wingstop during the 2nd quarter worth $34,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Wingstop by 60.3% in 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 during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 40 shares during the period.

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.