Wingstop (NASDAQ:WING) PT Raised to $418.00

Wingstop (NASDAQ:WING) had its price objective lifted by stock analysts at Barclays from $350.00 to $418.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the restaurant operator’s stock. Barclays‘s target price points to a potential upside of 9.29% from the company’s previous close.

Other equities analysts have also issued reports about the company. Bank of America boosted their price target on Wingstop from $421.00 to $461.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley boosted their price target on Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Stifel Nicolaus boosted their price target on Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Jefferies Financial Group boosted their price target on Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Finally, Wedbush boosted their price target on Wingstop from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $329.11.

Wingstop Stock Performance

Shares of NASDAQ:WING traded down $1.50 during trading on Thursday, reaching $382.48. 471,596 shares of the stock were exchanged, compared to its average volume of 484,671. Wingstop has a 12-month low of $150.08 and a 12-month high of $396.00. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 162.57, a price-to-earnings-growth ratio of 6.61 and a beta of 1.67. The firm’s 50-day moving average price is $358.55 and its 200 day moving average price is $285.89.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The business had revenue of $145.70 million during the quarter, compared to analysts’ expectations of $136.34 million. During the same quarter in the previous year, the business earned $0.59 EPS. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. As a group, equities research analysts forecast that Wingstop will post 3.03 EPS for the current year.

Insider Activity at Wingstop

In related news, CEO Michael Skipworth sold 10,843 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the transaction, the chief executive officer now directly owns 17,107 shares in the company, valued at approximately $5,771,901.80. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the transaction, the director now directly owns 5,450 shares in the company, valued at approximately $1,852,291.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael Skipworth sold 10,843 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the transaction, the chief executive officer now owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,901 shares of company stock valued at $5,120,605. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WING. McGlone Suttner Wealth Management Inc. bought a new position in shares of Wingstop in the fourth quarter worth $28,000. Rise Advisors LLC acquired a new stake in shares of Wingstop in the first quarter valued at $29,000. Headlands Technologies LLC acquired a new stake in shares of Wingstop in the third quarter valued at $38,000. FSC Wealth Advisors LLC acquired a new stake in shares of Wingstop in the fourth quarter valued at $39,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Wingstop by 53.3% in the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 40 shares during the period.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.