Wingstop Inc. (NASDAQ:WING) Given Average Rating of “Moderate Buy” by Analysts

Wingstop Inc. (NASDAQ:WING – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $156.00.

Several research firms have commented on WING. Royal Bank of Canada raised their price objective on Wingstop from $115.00 to $145.00 in a research report on Thursday, October 27th. Wedbush upped their price target on Wingstop from $157.00 to $177.00 and gave the stock an “outperform” rating in a report on Wednesday, October 26th. Robert W. Baird raised their target price on Wingstop from $150.00 to $175.00 in a research note on Thursday, October 27th. The Goldman Sachs Group lifted their price target on shares of Wingstop from $141.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 27th. Finally, Cowen increased their price target on shares of Wingstop from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, October 27th.

Insiders Place Their Bets

In other news, EVP Stacy Peterson sold 6,427 shares of Wingstop stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $160.25, for a total transaction of $1,029,926.75. Following the sale, the executive vice president now owns 2,004 shares of the company’s stock, valued at $321,141. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Stacy Peterson sold 6,427 shares of the firm’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $160.25, for a total transaction of $1,029,926.75. Following the transaction, the executive vice president now directly owns 2,004 shares of the company’s stock, valued at $321,141. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Skipworth sold 3,827 shares of Wingstop stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $158.98, for a total transaction of $608,416.46. Following the sale, the chief executive officer now owns 17,070 shares in the company, valued at $2,713,788.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,754 shares of company stock worth $1,877,998. Insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. James Investment Research Inc. acquired a new stake in Wingstop in the third quarter worth approximately $30,000. Public Employees Retirement System of Ohio raised its stake in shares of Wingstop by 39.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator’s stock worth $35,000 after buying an additional 79 shares in the last quarter. Castle Wealth Management LLC acquired a new stake in shares of Wingstop in the second quarter valued at $45,000. Wipfli Financial Advisors LLC bought a new position in Wingstop during the third quarter valued at about $47,000. Finally, IFP Advisors Inc grew its holdings in Wingstop by 535.0% during the third quarter. IFP Advisors Inc now owns 635 shares of the restaurant operator’s stock worth $51,000 after acquiring an additional 535 shares during the period.

Wingstop Stock Performance

WING opened at $148.16 on Wednesday. Wingstop has a 1 year low of $67.67 and a 1 year high of $170.87. The firm has a 50 day moving average price of $150.18 and a 200 day moving average price of $136.39. The company has a market cap of $4.43 billion, a PE ratio of 105.08, a price-to-earnings-growth ratio of 6.15 and a beta of 1.62.

Wingstop (NASDAQ:WING – Get Rating) last released its quarterly earnings data on Wednesday, October 26th. The restaurant operator reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $92.67 million during the quarter, compared to analyst estimates of $89.81 million. Wingstop had a net margin of 13.01% and a negative return on equity of 11.46%. On average, sell-side analysts predict that Wingstop will post 1.66 earnings per share for the current year.

About Wingstop

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Wingstop, Inc is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. It operates through Franchise and Company segments. The Franchise segment consists of domestic and international franchise restaurants. The Company segment comprises company-owned restaurants.