Wingstop (NASDAQ:WING) PT Raised to $335.00 at Jefferies Financial Group

Wingstop (NASDAQ:WING) had its target price hoisted by equities research analysts at Jefferies Financial Group from $310.00 to $335.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Jefferies Financial Group’s price objective would indicate a potential downside of 6.83% from the stock’s current price.

WING has been the subject of several other reports. BMO Capital Markets raised their target price on shares of Wingstop from $235.00 to $275.00 and gave the company a “market perform” rating in a report on Thursday, February 22nd. Robert W. Baird lifted their price objective on Wingstop from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Morgan Stanley upped their target price on Wingstop from $280.00 to $315.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. Truist Financial reissued a “hold” rating and set a $292.00 price target on shares of Wingstop in a research report on Monday, April 1st. Finally, Wedbush upped their price objective on Wingstop from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $290.83.

Wingstop Price Performance

Shares of NASDAQ:WING opened at $359.57 on Tuesday. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 153.01, a price-to-earnings-growth ratio of 6.36 and a beta of 1.68. The business’s 50 day simple moving average is $346.29 and its 200-day simple moving average is $272.61. Wingstop has a 12 month low of $150.08 and a 12 month high of $379.00.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The company had revenue of $127.06 million for the quarter, compared to the consensus estimate of $120.47 million. During the same period in the previous year, the business earned $0.60 earnings per share. Wingstop’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, equities analysts anticipate that Wingstop will post 3 earnings per share for the current year.

Insider Activity

In other news, SVP Marisa Carona sold 2,586 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at $612,246.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Wingstop news, SVP Marisa Carona sold 2,586 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $371.96, for a total transaction of $961,888.56. Following the transaction, the senior vice president now owns 1,646 shares in the company, valued at $612,246.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kilandigalu Madati sold 1,472 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $339.87, for a total value of $500,288.64. Following the completion of the sale, the director now owns 5,450 shares of the company’s stock, valued at approximately $1,852,291.50. The disclosure for this sale can be found here. Insiders have sold 14,901 shares of company stock valued at $5,120,605 in the last three months. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Wingstop

A number of hedge funds have recently made changes to their positions in WING. BlackRock Inc. raised its holdings in Wingstop by 1.5% in the first quarter. BlackRock Inc. now owns 3,586,391 shares of the restaurant operator’s stock valued at $420,864,000 after acquiring an additional 51,296 shares in the last quarter. Wellington Management Group LLP raised its stake in Wingstop by 3.5% during the first quarter. Wellington Management Group LLP now owns 1,751,221 shares of the restaurant operator’s stock worth $205,506,000 after acquiring an additional 59,529 shares during the period. American Century Companies Inc. lifted its holdings in Wingstop by 29.4% in the third quarter. American Century Companies Inc. now owns 1,626,558 shares of the restaurant operator’s stock worth $292,520,000 after acquiring an additional 370,032 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Wingstop by 1.8% in the fourth quarter. Federated Hermes Inc. now owns 1,107,852 shares of the restaurant operator’s stock worth $284,253,000 after acquiring an additional 19,540 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in Wingstop by 64.3% in the third quarter. Artisan Partners Limited Partnership now owns 1,079,939 shares of the restaurant operator’s stock valued at $194,216,000 after acquiring an additional 422,727 shares during the period.

About Wingstop

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.