Citigroup Raises Wingstop (NASDAQ:WING) Price Target to $375.00

Wingstop (NASDAQ:WING - Get Free Report) had its target price boosted by investment analysts at Citigroup from $320.00 to $375.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the restaurant operator's stock. Citigroup's price target suggests a potential upside of 4.29% from the company's current price.

A number of other equities research analysts also recently issued reports on WING. Sanford C. Bernstein assumed coverage on Wingstop in a research report on Wednesday, February 14th. They issued an "outperform" rating and a $340.00 price objective on the stock. Wedbush raised their price target on Wingstop from $330.00 to $340.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. Truist Financial restated a "hold" rating and set a $292.00 price target on shares of Wingstop in a research report on Monday, April 1st. Stifel Nicolaus raised their price target on Wingstop from $270.00 to $330.00 and gave the company a "buy" rating in a research report on Friday, February 16th. Finally, Morgan Stanley raised their price target on Wingstop from $280.00 to $315.00 and gave the company an "equal weight" rating in a research report on Friday, April 12th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $290.83.

Wingstop Stock Down 3.0 %

Shares of WING stock traded down $11.10 on Wednesday, reaching $359.57. The company's stock had a trading volume of 455,474 shares, compared to its average volume of 466,182. Wingstop has a 12-month low of $150.08 and a 12-month high of $379.00. The company has a market capitalization of $10.56 billion, a P/E ratio of 153.01, a PEG ratio of 6.36 and a beta of 1.68. The stock's 50 day simple moving average is $346.29 and its 200-day simple moving average is $272.61.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings data 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 last year, the business posted $0.60 earnings per share. The firm's revenue was up 21.2% compared to the same quarter last year. Research analysts expect that Wingstop will post 3 EPS for the current year.

Insider Buying and Selling

In other Wingstop news, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction that occurred on 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 directly owns 1,646 shares of the company's stock, valued at approximately $612,246.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Wingstop news, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction that occurred on 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 directly owns 1,646 shares of the company's stock, valued at approximately $612,246.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kilandigalu Madati sold 1,472 shares of Wingstop stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total value of $500,288.64. Following the sale, the director now directly owns 5,450 shares in the company, valued at $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 over the last ninety days. 0.36% of the stock is owned by insiders.

Institutional Trading of Wingstop

Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Wingstop by 3.8% during the first quarter. JPMorgan Chase & Co. now owns 93,246 shares of the restaurant operator's stock valued at $10,942,000 after purchasing an additional 3,423 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Wingstop during the first quarter valued at approximately $271,000. Rhumbline Advisers lifted its holdings in shares of Wingstop by 1.6% during the first quarter. Rhumbline Advisers now owns 80,599 shares of the restaurant operator's stock valued at $9,458,000 after purchasing an additional 1,259 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Wingstop by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,931 shares of the restaurant operator's stock valued at $1,283,000 after purchasing an additional 1,042 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Wingstop by 1.5% during the first quarter. BlackRock Inc. now owns 3,586,391 shares of the restaurant operator's stock valued at $420,864,000 after purchasing an additional 51,296 shares during 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.