Jefferies Financial Group Increases Wingstop (NASDAQ:WING) Price Target to $335.00

Wingstop (NASDAQ:WING - Get Free Report) had its price target upped by equities researchers at Jefferies Financial Group from $310.00 to $335.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a "hold" rating on the restaurant operator's stock. Jefferies Financial Group's price target would indicate a potential downside of 9.62% from the company's current price.

A number of other analysts have also recently commented on the company. BMO Capital Markets lifted their target price on Wingstop from $235.00 to $275.00 and gave the stock a "market perform" rating in a research report on Thursday, February 22nd. Wedbush increased their price target on Wingstop from $330.00 to $340.00 and gave the stock an "outperform" rating in a research note on Thursday, February 22nd. Truist Financial restated a "hold" rating and set a $292.00 price objective on shares of Wingstop in a report on Monday, April 1st. Morgan Stanley upped their price objective on Wingstop from $280.00 to $315.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, TD Cowen reiterated a "buy" rating and issued a $410.00 price target on shares of Wingstop in a report on Wednesday, April 10th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $281.00.

Wingstop Trading Up 3.3 %

Shares of WING stock traded up $11.82 during mid-day trading on Tuesday, reaching $370.67. The stock had a trading volume of 473,379 shares, compared to its average volume of 466,329. The business's fifty day moving average is $344.96 and its 200-day moving average is $271.99. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 157.73, a PEG ratio of 6.48 and a beta of 1.68. Wingstop has a 1-year low of $150.08 and a 1-year high of $379.00.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share (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 quarter in the prior year, the business posted $0.60 earnings per share. Wingstop's revenue for the quarter was up 21.2% on a year-over-year basis. On average, analysts forecast that Wingstop will post 3 earnings per share for the current year.

Insider Activity

In related news, CEO Michael Skipworth sold 10,843 shares of the business's stock in a transaction on 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 approximately $5,771,901.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Wingstop news, SVP Marisa Carona sold 2,586 shares of the stock in a transaction dated Friday, March 8th. The shares were 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 owns 1,646 shares in the company, valued at $612,246.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction dated Friday, February 23rd. The stock was 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 of the company's stock, valued at approximately $5,771,901.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,901 shares of company stock valued at $5,120,605. 0.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wingstop

A number of institutional investors and hedge funds have recently modified their holdings of WING. Riverview Trust Co purchased a new position in shares of Wingstop during the first quarter worth approximately $66,000. Capital CS Group LLC purchased a new position in Wingstop during the first quarter valued at $616,000. BTC Capital Management Inc. purchased a new position in Wingstop during the first quarter valued at $363,000. Wedmont Private Capital purchased a new position in shares of Wingstop in the 1st quarter worth about $203,000. Finally, Rise Advisors LLC bought a new position in shares of Wingstop in the first quarter worth approximately $29,000.

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.