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

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 Tuesday.

WING has been the subject of several other research reports. Weiss Ratings downgraded shares of Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Stephens reaffirmed an “overweight” rating and issued a $225.00 target price on shares of Wingstop in a research report on Thursday, June 4th. The Goldman Sachs Group downgraded shares of Wingstop from a “buy” rating to a “neutral” rating and dropped their target price for the company from $290.00 to $190.00 in a research report on Thursday, April 30th. Wells Fargo & Company cut 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. Finally, UBS Group reduced their price target on shares of Wingstop from $210.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.19.

Wingstop Stock Performance

WING opened at $154.06 on Tuesday. Wingstop has a one year low of $116.35 and a one year high of $381.45. The company has a market cap of $4.20 billion, a P/E ratio of 38.32, a PEG ratio of 1.84 and a beta of 1.79. The business’s 50-day simple moving average is $150.04 and its 200-day simple moving average is $199.25.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. The firm 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 revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 earnings per share. As a group, analysts predict that Wingstop will post 4.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Wingstop

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. boosted its holdings 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 purchasing an additional 60 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of 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 buying an additional 95 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of 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 buying an additional 81 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Wingstop by 121.4% in 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, Mcguire Capital Advisors Inc. acquired a new stake in shares of Wingstop in the 4th quarter valued at approximately $63,000.

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.