Stephens Reaffirms “Overweight” Rating for Wingstop (NASDAQ:WING)

Wingstop (NASDAQ:WING)‘s stock had its “overweight” rating reiterated by analysts at Stephens in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $225.00 price target on the restaurant operator’s stock. Stephens’ price objective points to a potential upside of 56.20% from the company’s current price.

Other research analysts have also issued reports about the company. Guggenheim lowered their price target on Wingstop from $255.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Wolfe Research initiated coverage on Wingstop in a research note on Monday, March 9th. They set an “outperform” rating and a $320.00 target price for the company. Royal Bank Of Canada lowered their target price on Wingstop from $275.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. The Goldman Sachs Group cut Wingstop from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $290.00 to $190.00 in a research note on Thursday, April 30th. Finally, DA Davidson reissued a “buy” rating and set a $250.00 target price on shares of Wingstop in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $277.68.

Wingstop Stock Down 4.6%

WING opened at $144.05 on Thursday. Wingstop has a 52 week low of $116.35 and a 52 week high of $388.14. The business has a fifty day simple moving average of $157.99 and a 200-day simple moving average of $216.98. The firm has a market cap of $3.92 billion, a P/E ratio of 35.83, a P/E/G ratio of 1.68 and a beta of 1.82.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The business had revenue of $183.73 million during the quarter, compared to analyst estimates of $187.82 million. During the same period last year, the business posted $0.99 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Sell-side analysts expect that Wingstop will post 4.59 earnings per share for the current year.

Institutional Trading of Wingstop

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vident Advisory LLC increased its stake in Wingstop by 3.9% in the fourth quarter. Vident Advisory LLC now owns 959 shares of the restaurant operator’s stock valued at $229,000 after purchasing an additional 36 shares during the last quarter. Allworth Financial LP increased its stake in Wingstop by 17.3% in the third quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 39 shares during the last quarter. YANKCOM Partnership increased its stake in Wingstop by 10.1% in the fourth quarter. YANKCOM Partnership now owns 426 shares of the restaurant operator’s stock valued at $102,000 after purchasing an additional 39 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Wingstop by 1.7% in the fourth quarter. Quadrant Capital Group LLC now owns 2,628 shares of the restaurant operator’s stock valued at $627,000 after purchasing an additional 45 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its stake in Wingstop by 54.3% in the third quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 50 shares during the last quarter.

About Wingstop

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.