Wingstop (NASDAQ:WING) PT Raised to $375.00

Wingstop (NASDAQ:WING) had its price target upped by equities research analysts at Citigroup from $320.00 to $375.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price target indicates a potential upside of 5.22% from the stock’s current price.

Several other brokerages also recently issued reports on WING. Stephens started coverage on Wingstop in a research report on Friday, April 12th. They issued an “overweight” rating and a $425.00 price objective for the company. Robert W. Baird lifted their price objective on Wingstop from $320.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Sanford C. Bernstein started coverage on Wingstop in a research report on Wednesday, February 14th. They issued an “outperform” rating and a $340.00 price objective for the company. Morgan Stanley lifted their price objective on Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Finally, TD Cowen reaffirmed a “buy” rating and set a $410.00 price objective on shares of Wingstop in a research note on Wednesday, April 10th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Wingstop has an average rating of “Hold” and a consensus target price of $290.83.

Wingstop Stock Down 0.9 %

Shares of Wingstop stock opened at $356.40 on Wednesday. Wingstop has a 12-month low of $150.08 and a 12-month high of $379.00. The stock has a market capitalization of $10.47 billion, a P/E ratio of 151.66, a price-to-earnings-growth ratio of 6.57 and a beta of 1.68. The company has a 50-day simple moving average of $347.54 and a 200 day simple moving average of $273.19.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The firm had revenue of $127.06 million for the quarter, compared to analysts’ expectations of $120.47 million. During the same period in the prior year, the firm earned $0.60 earnings per share. The company’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 Transactions at Wingstop

In other news, SVP Marisa Carona sold 2,586 shares of the company’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 completion of the transaction, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at $612,246.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Marisa Carona sold 2,586 shares of the company’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 completion of the transaction, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at $612,246.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $339.87, for a total value of $500,288.64. Following the transaction, the director now directly owns 5,450 shares of the company’s stock, valued at $1,852,291.50. The disclosure for this sale can be found here. Insiders sold 14,901 shares of company stock valued at $5,120,605 over the last three months. Company 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 the company. Congress Asset Management Co. MA raised its holdings in Wingstop by 0.3% during the fourth quarter. Congress Asset Management Co. MA now owns 11,380 shares of the restaurant operator’s stock worth $2,920,000 after acquiring an additional 34 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Wingstop by 16.9% during the fourth quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock worth $67,000 after acquiring an additional 38 shares in the last quarter. Kovack Advisors Inc. raised its holdings in Wingstop by 1.7% during the fourth quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator’s stock worth $595,000 after acquiring an additional 39 shares in the last quarter. GAMMA Investing LLC raised its holdings in Wingstop by 53.3% during the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 40 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY raised its holdings in Wingstop by 3.3% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,844 shares of the restaurant operator’s stock worth $254,000 after acquiring an additional 59 shares in the last quarter.

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.