Wingstop (NASDAQ:WING) Earns Overweight Rating from Stephens

Wingstop (NASDAQ:WING)‘s stock had its “overweight” rating reiterated by equities research analysts at Stephens in a report issued on Wednesday,Benzinga reports. They presently have a $385.00 price objective on the restaurant operator’s stock. Stephens’ price objective indicates a potential upside of 48.27% from the company’s previous close.

WING has been the topic of a number of other research reports. Truist Financial decreased their price target on Wingstop from $265.00 to $242.00 and set a “hold” rating on the stock in a research report on Tuesday, April 22nd. Barclays decreased their target price on shares of Wingstop from $315.00 to $260.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus cut their price target on shares of Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Wells Fargo & Company began coverage on shares of Wingstop in a research note on Wednesday, March 26th. They issued an “overweight” rating and a $270.00 price objective on the stock. Finally, TD Securities cut their target price on Wingstop from $365.00 to $305.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $326.17.

Wingstop Stock Down 1.6 %

Shares of NASDAQ:WING opened at $259.67 on Wednesday. Wingstop has a 12-month low of $204.00 and a 12-month high of $433.86. The company’s 50 day moving average price is $226.03 and its two-hundred day moving average price is $281.44. The firm has a market cap of $7.25 billion, a PE ratio of 69.99, a PEG ratio of 2.27 and a beta of 2.02.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.15. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The business had revenue of $171.09 million during the quarter, compared to analysts’ expectations of $172.25 million. During the same period in the previous year, the company posted $0.98 earnings per share. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. On average, research analysts expect that Wingstop will post 4.18 EPS for the current year.

Institutional Trading of Wingstop

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC raised its holdings in Wingstop by 7.8% during the 3rd quarter. Tidal Investments LLC now owns 758 shares of the restaurant operator’s stock worth $315,000 after purchasing an additional 55 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Wingstop by 0.9% during the third quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator’s stock worth $326,020,000 after buying an additional 7,204 shares during the period. Everence Capital Management Inc. bought a new position in Wingstop during the fourth quarter worth $259,000. Diversified Trust Co acquired a new position in Wingstop in the fourth quarter valued at $427,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Wingstop by 1.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,135 shares of the restaurant operator’s stock worth $1,459,000 after acquiring an additional 65 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.