Wingstop’s (WING) “Overweight” Rating Reiterated at Stephens

Wingstop (NASDAQ:WING)‘s stock had its “overweight” rating reaffirmed by stock analysts at Stephens in a note issued to investors on Thursday, Benzinga reports. They currently have a $490.00 price objective on the restaurant operator’s stock. Stephens’ target price indicates a potential upside of 35.97% from the stock’s previous close.

WING has been the subject of several other research reports. TD Cowen restated a “buy” rating and issued a $450.00 price objective on shares of Wingstop in a report on Wednesday, July 31st. Morgan Stanley upped their price target on shares of Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a report on Tuesday, July 16th. Raymond James raised shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research note on Thursday, August 1st. Wedbush increased their target price on shares of Wingstop from $425.00 to $440.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Piper Sandler lifted their price target on shares of Wingstop from $353.00 to $375.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Wingstop currently has an average rating of “Hold” and a consensus target price of $382.88.

Wingstop Trading Up 0.3 %

Wingstop stock opened at $360.38 on Thursday. Wingstop has a 52 week low of $173.74 and a 52 week high of $433.86. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of 128.25, a PEG ratio of 3.64 and a beta of 1.71. The company’s 50-day moving average price is $394.46 and its two-hundred day moving average price is $388.48.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. The business had revenue of $155.70 million for the quarter, compared to analyst estimates of $146.04 million. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The business’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. Research analysts expect that Wingstop will post 3.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Wingstop

In other news, SVP Donnie Upshaw sold 3,199 shares of the business’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 transaction, the senior vice president now directly owns 97 shares in the company, valued at $36,152.87. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Wingstop

Several institutional investors have recently made changes to their positions in the company. Hollencrest Capital Management acquired a new position in Wingstop in the second quarter worth approximately $27,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Wingstop during the 2nd quarter worth $34,000. 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 purchasing an additional 35 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Wingstop by 60.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 40 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Wingstop by 384.6% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 100 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.