Wingstop (NASDAQ:WING) Downgraded to “Sell” Rating by Wall Street Zen

Wingstop (NASDAQ:WING) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

WING has been the subject of a number of other reports. The Goldman Sachs Group cut shares of Wingstop from a “buy” rating to a “neutral” rating and reduced their target price for the company from $290.00 to $190.00 in a research note on Thursday, April 30th. TD Cowen reissued a “hold” rating and issued a $160.00 target price on shares of Wingstop in a research report on Thursday, June 4th. Wells Fargo & Company dropped their price target on shares of Wingstop from $225.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley restated an “overweight” rating and set a $255.00 price target on shares of Wingstop in a report on Thursday, April 30th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Wingstop in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Wingstop has a consensus rating of “Moderate Buy” and an average price target of $268.70.

Wingstop Price Performance

Shares of WING stock opened at $161.78 on Friday. Wingstop has a fifty-two week low of $116.35 and a fifty-two week high of $381.45. The stock’s 50-day moving average is $156.61 and its two-hundred day moving average is $209.53. The firm has a market cap of $4.41 billion, a P/E ratio of 40.24, a PEG ratio of 1.80 and a beta of 1.82.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, beating the consensus estimate of $1.02 by $0.16. The business had revenue of $183.72 million during the quarter, compared to analysts’ expectations of $187.82 million. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 EPS. As a group, research analysts expect that Wingstop will post 4.59 EPS for the current year.

Institutional Trading of Wingstop

Several large investors have recently modified their holdings of the company. SBI Securities Co. Ltd. grew its stake in Wingstop by 76.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 60 shares during the last quarter. Rakuten Securities Inc. lifted its position in Wingstop by 197.9% during the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 95 shares during the last quarter. GW&K Investment Management LLC lifted its position in Wingstop by 75.7% during the 4th quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock worth $45,000 after acquiring an additional 81 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in Wingstop during the 3rd quarter worth $47,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Wingstop by 121.4% during the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after acquiring an additional 119 shares during the period.

Wingstop Company Profile

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.