Benchmark Reiterates “Hold” Rating for Wingstop (NASDAQ:WING)

Wingstop (NASDAQ:WING)‘s stock had its “hold” rating reiterated by equities research analysts at Benchmark in a report released on Tuesday, Benzinga reports.

Other equities research analysts have also recently issued research reports about the stock. Sanford C. Bernstein began coverage on shares of Wingstop in a research note on Wednesday, February 14th. They issued an “outperform” rating and a $340.00 price objective for the company. Citigroup upped their price target on shares of Wingstop from $320.00 to $375.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Stephens began coverage on shares of Wingstop in a report on Friday, April 12th. They set an “overweight” rating and a $425.00 price target for the company. TD Cowen reiterated a “buy” rating and set a $410.00 price target on shares of Wingstop in a report on Wednesday, April 10th. Finally, Morgan Stanley upped their price objective on shares of Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $290.83.

Wingstop Stock Performance

Wingstop stock opened at $362.74 on Tuesday. The stock has a market cap of $10.65 billion, a PE ratio of 154.36, a price-to-earnings-growth ratio of 6.27 and a beta of 1.68. Wingstop has a fifty-two week low of $150.08 and a fifty-two week high of $379.00. The firm’s 50-day simple moving average is $351.10 and its 200 day simple moving average is $278.19.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. The company had revenue of $127.06 million for the quarter, compared to analyst estimates of $120.47 million. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. As a group, analysts predict that Wingstop will post 3.01 EPS for the current fiscal year.

Insider Activity at Wingstop

In other Wingstop news, CEO Michael Skipworth sold 10,843 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $337.40, for a total value 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 $5,771,901.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Michael Skipworth sold 10,843 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the transaction, the chief executive officer now owns 17,107 shares in the company, valued at $5,771,901.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $339.87, for a total transaction of $500,288.64. Following the transaction, the director now owns 5,450 shares in the company, valued at approximately $1,852,291.50. The disclosure for this sale can be found here. Insiders sold 14,901 shares of company stock worth $5,120,605 over the last three months. 0.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wingstop

Several hedge funds have recently bought and sold shares of WING. Rise Advisors LLC acquired a new position in Wingstop in the 1st quarter valued at $29,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Wingstop in the 4th quarter worth $28,000. GAMMA Investing LLC increased its stake in shares of Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 40 shares during the last quarter. FSC Wealth Advisors LLC acquired a new stake in shares of Wingstop in the 4th quarter worth $39,000. Finally, Riverview Trust Co purchased a new position in shares of Wingstop during the 1st quarter worth $66,000.

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.