DA Davidson Lowers Wingstop (NASDAQ:WING) Price Target to $200.00

Wingstop (NASDAQ:WING) had its price target lowered by equities research analysts at DA Davidson from $230.00 to $200.00 in a research report issued on Thursday, MarketBeat reports. The firm currently has a “buy” rating on the restaurant operator’s stock. DA Davidson’s target price indicates a potential upside of 47.93% from the company’s previous close.

Several other analysts also recently weighed in on the company. Wall Street Zen upgraded Wingstop from a “sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings downgraded Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. BTIG Research reiterated a “buy” rating and issued a $305.00 target price on shares of Wingstop in a research report on Monday, July 13th. Citigroup increased their price target on shares of Wingstop from $229.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, Benchmark reduced their price target on shares of Wingstop from $320.00 to $285.00 and set a “buy” rating for the company in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $255.81.

Wingstop Trading Up 0.3%

NASDAQ:WING opened at $135.20 on Thursday. The company has a market capitalization of $3.68 billion, a P/E ratio of 33.63, a PEG ratio of 1.61 and a beta of 1.79. Wingstop has a 12 month low of $116.35 and a 12 month high of $381.45. The firm has a fifty day simple moving average of $151.74 and a 200-day simple moving average of $192.82.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. The firm had revenue of $183.72 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. Equities analysts forecast that Wingstop will post 4.56 EPS for the current year.

Institutional Trading of Wingstop

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Carnegie Investment Counsel grew its position in shares of Wingstop by 32.4% during the 1st quarter. Carnegie Investment Counsel now owns 68,489 shares of the restaurant operator’s stock valued at $10,614,000 after acquiring an additional 16,764 shares during the period. SG Americas Securities LLC increased its stake in shares of Wingstop by 553.3% in the 4th quarter. SG Americas Securities LLC now owns 41,349 shares of the restaurant operator’s stock valued at $9,861,000 after purchasing an additional 35,020 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in Wingstop by 113.8% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 11,800 shares of the restaurant operator’s stock worth $2,814,000 after purchasing an additional 6,280 shares during the period. TimesSquare Capital Management LLC raised its holdings in Wingstop by 813.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 84,304 shares of the restaurant operator’s stock worth $20,106,000 after purchasing an additional 75,077 shares during the period. Finally, Legato Capital Management LLC boosted its position in Wingstop by 472.3% during the fourth quarter. Legato Capital Management LLC now owns 9,534 shares of the restaurant operator’s stock worth $2,274,000 after purchasing an additional 7,868 shares in the last quarter.

Trending Headlines about Wingstop

Here are the key news stories impacting Wingstop this week:

• Positive Sentiment: Wingstop launched “Wingstop Wing Week,” expanding National Wing Day into a five-day event with free wings, Club Wingstop rewards, and live music giveaways, which could help boost customer traffic and brand engagement. Wingstop Expands Wing Day into Wing Week, Kicking Off a Broader $1 Million in Fan Experiences and Giveaways
• Positive Sentiment: Multiple reports highlighted Wingstop’s National Wing Day promotion expansion, reinforcing that the company is using limited-time offers and giveaways to drive consumer interest. Wingstop is turning National Wing Day into a full week with free wings and daily prize giveaways
• Neutral Sentiment: Brokerage coverage remained constructive overall, with a consensus “Moderate Buy” rating still in place, suggesting analysts remain generally optimistic about the stock’s outlook. Wingstop Inc. (NASDAQ:WING) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Neutral Sentiment: Mizuho lowered its price target on Wingstop to $240 from $280, but kept an “outperform” rating, indicating confidence remains intact despite a reduced valuation target. The Fly
• Neutral Sentiment: DA Davidson also cut its price target to $200 from $230 while maintaining a “buy” rating, which may reflect near-term caution but not a change in the firm’s positive view. Benzinga
• Neutral Sentiment: Wingstop announced a restaurant opening in Craigavon, supporting its ongoing expansion strategy, though the article did not indicate a material financial impact. US chicken chain Wingstop in Craigavon restaurant opening

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.