Wingstop (NASDAQ:WING) Upgraded to “Hold” at Wall Street Zen

Wingstop (NASDAQ:WING) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

A number of other brokerages have also recently commented on WING. BNP Paribas Exane started coverage on shares of Wingstop in a research report on Monday, March 30th. They set an “outperform” rating and a $275.00 price target on the stock. Stephens restated an “overweight” rating and issued a $225.00 price objective on shares of Wingstop in a report on Thursday, June 4th. Mizuho set a $280.00 price objective on shares of Wingstop in a research note on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and set a $305.00 target price on shares of Wingstop in a report on Thursday, May 28th. Finally, Benchmark decreased their target price on shares of Wingstop from $320.00 to $285.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.89.

Wingstop Trading Up 0.8%

Shares of Wingstop stock opened at $166.76 on Friday. The firm has a market capitalization of $4.54 billion, a PE ratio of 41.48, a price-to-earnings-growth ratio of 2.00 and a beta of 1.82. The business’s 50-day moving average price is $153.82 and its 200-day moving average price is $205.77. Wingstop has a 12 month low of $116.35 and a 12 month high of $381.45.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The company had revenue of $183.72 million for 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%.Wingstop’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.99 EPS. As a group, analysts predict that Wingstop will post 4.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Baird Financial Group Inc. purchased a new position in shares of Wingstop in the first quarter worth $256,000. Jones Financial Companies Lllp raised its holdings in Wingstop by 2,770.6% during the 1st quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator’s stock valued at $440,000 after buying an additional 1,884 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Wingstop by 5.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 92,439 shares of the restaurant operator’s stock valued at $20,852,000 after buying an additional 4,937 shares during the period. Geneos Wealth Management Inc. boosted its position in Wingstop by 121.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after buying an additional 119 shares during the period. Finally, Sivia Capital Partners LLC grew its holdings in Wingstop by 45.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,387 shares of the restaurant operator’s stock worth $467,000 after acquiring an additional 434 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.