Mizuho Has Lowered Expectations for Wingstop (NASDAQ:WING) Stock Price

Wingstop (NASDAQ:WING) had its price objective decreased by research analysts at Mizuho from $280.00 to $240.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Mizuho’s price target would suggest a potential upside of 77.51% from the company’s previous close.

Other equities analysts have also issued reports about the stock. DA Davidson lowered their target price on shares of Wingstop from $230.00 to $200.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank Of Canada cut their price target on Wingstop from $250.00 to $225.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Weiss Ratings lowered Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Benchmark lowered their price objective on Wingstop from $320.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Finally, Guggenheim dropped their target price on Wingstop from $255.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.81.

Wingstop Price Performance

Shares of Wingstop stock opened at $135.20 on Friday. Wingstop has a 1 year low of $116.35 and a 1 year high of $381.45. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 1.61 and a beta of 1.79. The company has a 50-day moving average of $151.74 and a 200 day moving average of $192.82.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. The business had revenue of $183.72 million for the quarter, compared to analyst estimates of $187.82 million. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. Wingstop’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 earnings per share. On average, equities analysts anticipate that Wingstop will post 4.56 EPS for the current year.

Institutional Investors Weigh In On Wingstop

Several institutional investors and hedge funds have recently made changes to their positions in WING. SBI Securities Co. Ltd. lifted its position 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 acquiring an additional 60 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of Wingstop by 197.9% in the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 95 shares in the last quarter. GW&K Investment Management LLC increased its holdings in shares of Wingstop by 75.7% in the 4th quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock worth $45,000 after purchasing an additional 81 shares in the last quarter. Harbor Investment Advisory LLC purchased a new position in shares of Wingstop in the second quarter worth $46,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Wingstop by 121.4% in the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock worth $49,000 after purchasing an additional 119 shares during the last quarter.

More Wingstop News

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.