Wingstop (NASDAQ:WING) PT Raised to $400.00

Wingstop (NASDAQ:WING) had its target price raised by research analysts at Wedbush from $340.00 to $400.00 in a report released on Friday, Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Wedbush’s price objective would suggest a potential upside of 4.95% from the stock’s current price.

Other analysts have also issued research reports about the company. Morgan Stanley upped their price objective on Wingstop from $280.00 to $315.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. Jefferies Financial Group increased their price target on Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Robert W. Baird increased their price target on Wingstop from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Stifel Nicolaus lifted their price target on Wingstop from $270.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, BMO Capital Markets raised their price objective on Wingstop from $235.00 to $275.00 and gave the company a “market perform” rating in a report on Thursday, February 22nd. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $294.17.

Wingstop Stock Performance

Shares of NASDAQ:WING traded up $11.25 during trading on Friday, hitting $381.15. 235,990 shares of the stock were exchanged, compared to its average volume of 464,125. Wingstop has a 1-year low of $150.08 and a 1-year high of $382.24. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of 162.51, a price-to-earnings-growth ratio of 6.27 and a beta of 1.68. The company’s fifty day simple moving average is $352.20 and its 200-day simple moving average is $278.78.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share 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 during the quarter, compared to the consensus estimate of $120.47 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. On average, research analysts forecast that Wingstop will post 3.02 earnings per share for the current fiscal year.

Insider Activity at Wingstop

In related news, SVP Marisa Carona sold 2,586 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $371.96, for a total value of $961,888.56. Following the transaction, 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 legal filing with the SEC, which can be accessed through this hyperlink. In other news, 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 transaction of $500,288.64. Following the completion of the sale, the director now directly owns 5,450 shares in the company, valued at $1,852,291.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Marisa Carona sold 2,586 shares of the 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 sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at $612,246.16. The disclosure for this sale can be found here. Insiders have sold a total of 14,901 shares of company stock valued at $5,120,605 over the last 90 days. 0.36% of the stock is owned by insiders.

Institutional Trading of Wingstop

A number of institutional investors have recently modified their holdings of WING. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wingstop during the fourth quarter worth about $28,000. Rise Advisors LLC purchased a new stake in Wingstop in the first quarter worth about $29,000. Headlands Technologies LLC purchased a new stake in Wingstop in the third quarter worth about $38,000. FSC Wealth Advisors LLC purchased a new stake in Wingstop in the fourth quarter worth about $39,000. Finally, GAMMA Investing LLC lifted its holdings in Wingstop by 53.3% in the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after buying an additional 40 shares during the period.

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.