Wingstop (NASDAQ:WING) Now Covered by StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Wingstop (NASDAQ:WING – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the restaurant operator’s stock.

Several other research firms have also recently issued reports on WING. Truist Financial raised their target price on shares of Wingstop from $132.00 to $162.00 in a research report on Thursday, February 23rd. TheStreet raised shares of Wingstop from a “c+” rating to a “b” rating in a research report on Wednesday, February 22nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Wingstop from $148.00 to $161.00 in a report on Friday, February 24th. UBS Group raised their price target on shares of Wingstop from $145.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, February 23rd. Finally, Wedbush raised their price target on shares of Wingstop from $177.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Wingstop has an average rating of “Hold” and a consensus target price of $172.82.

Wingstop Stock Performance

WING opened at $174.76 on Thursday. The company’s 50 day simple moving average is $159.97 and its 200 day simple moving average is $148.71. Wingstop has a 1 year low of $67.67 and a 1 year high of $193.74. The stock has a market capitalization of $5.23 billion, a PE ratio of 98.74, a P/E/G ratio of 4.34 and a beta of 1.59.

Wingstop (NASDAQ:WING – Get Rating) last released its earnings results on Wednesday, February 22nd. The restaurant operator reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.18. Wingstop had a net margin of 14.81% and a negative return on equity of 13.52%. The business had revenue of $104.90 million for the quarter, compared to analysts’ expectations of $100.96 million. During the same period last year, the company earned $0.24 earnings per share. The company’s quarterly revenue was up 45.7% on a year-over-year basis. As a group, sell-side analysts expect that Wingstop will post 1.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Donnie Upshaw sold 1,088 shares of Wingstop stock in a transaction on Friday, February 24th. The shares were sold at an average price of $172.50, for a total value of $187,680.00. Following the completion of the sale, the senior vice president now owns 6,007 shares in the company, valued at $1,036,207.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Krishnan Anand sold 862 shares of Wingstop stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $173.21, for a total value of $149,307.02. Following the completion of the sale, the director now owns 3,639 shares in the company, valued at $630,311.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Donnie Upshaw sold 1,088 shares of Wingstop stock in a transaction on Friday, February 24th. The stock was sold at an average price of $172.50, for a total transaction of $187,680.00. Following the completion of the sale, the senior vice president now owns 6,007 shares of the company’s stock, valued at approximately $1,036,207.50. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Wingstop

A number of hedge funds have recently added to or reduced their stakes in the business. OLD Mission Capital LLC acquired a new position in Wingstop in the fourth quarter worth $52,000. Voya Investment Management LLC boosted its holdings in Wingstop by 0.5% in the fourth quarter. Voya Investment Management LLC now owns 51,889 shares of the restaurant operator’s stock worth $7,141,000 after purchasing an additional 259 shares during the period. Natixis acquired a new position in Wingstop in the fourth quarter worth $1,362,000. Alliancebernstein L.P. boosted its holdings in Wingstop by 1,176.9% in the fourth quarter. Alliancebernstein L.P. now owns 899,336 shares of the restaurant operator’s stock worth $123,767,000 after purchasing an additional 828,904 shares during the period. Finally, Point72 Middle East FZE acquired a new position in Wingstop in the fourth quarter worth $381,000.

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. The company was founded in 1994 and is headquartered in Addison, TX.