Wingstop (NASDAQ:WING) PT Raised to $400.00

Wingstop (NASDAQ:WING - Get Free Report) had its price objective increased by equities research analysts at Wedbush from $340.00 to $400.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an "outperform" rating on the restaurant operator's stock. Wedbush's price objective indicates a potential upside of 4.56% from the stock's previous close.

WING has been the subject of several other research reports. Sanford C. Bernstein began coverage on shares of Wingstop in a research report on Wednesday, February 14th. They set an "outperform" rating and a $340.00 price target for the company. Benchmark reaffirmed a "hold" rating on shares of Wingstop in a report on Tuesday. BMO Capital Markets increased their target price on Wingstop from $235.00 to $275.00 and gave the company a "market perform" rating in a research report on Thursday, February 22nd. TD Cowen restated a "buy" rating and issued a $410.00 price target on shares of Wingstop in a research report on Wednesday, April 10th. Finally, Stifel Nicolaus increased their target price on Wingstop from $270.00 to $330.00 and gave the stock a "buy" rating in a research note on Friday, February 16th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $294.17.

Wingstop Stock Up 3.4 %

NASDAQ WING traded up $12.66 during trading hours on Friday, reaching $382.56. 509,902 shares of the company were exchanged, compared to its average volume of 467,574. The business's 50 day simple moving average is $353.29 and its 200-day simple moving average is $279.41. Wingstop has a 1 year low of $150.08 and a 1 year high of $383.98. The stock has a market capitalization of $11.24 billion, a P/E ratio of 162.79, a P/E/G ratio of 6.27 and a beta of 1.68.

Wingstop (NASDAQ:WING - Get Free Report) last issued its earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 EPS for the quarter, topping the consensus estimate of $0.57 by $0.07. The company had revenue of $127.06 million for the quarter, compared to the consensus estimate of $120.47 million. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The firm's revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 earnings per share. As a group, sell-side analysts anticipate that Wingstop will post 3.02 earnings per share for the current year.

Insider Buying and Selling at Wingstop

In related news, CEO Michael Skipworth sold 10,843 shares of the business's stock in a transaction that occurred on 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 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 is accessible through the SEC website. In other 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 value of $3,658,428.20. Following the completion of the transaction, the chief executive officer now owns 17,107 shares of the company's stock, valued at approximately $5,771,901.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Marisa Carona sold 2,586 shares of the business's stock in a transaction on 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 directly owns 1,646 shares of the company's stock, valued at approximately $612,246.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,901 shares of company stock valued at $5,120,605. 0.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wingstop

A number of institutional investors and hedge funds have recently modified their holdings of WING. Congress Asset Management Co. MA grew its position in shares of Wingstop by 0.3% during the 4th quarter. Congress Asset Management Co. MA now owns 11,380 shares of the restaurant operator's stock worth $2,920,000 after purchasing an additional 34 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Wingstop by 16.9% during the fourth quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator's stock valued at $67,000 after acquiring an additional 38 shares during the last quarter. Kovack Advisors Inc. raised its stake in shares of Wingstop by 1.7% during the fourth quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator's stock valued at $595,000 after acquiring an additional 39 shares during the last quarter. GAMMA Investing LLC raised its stake 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 buying an additional 40 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in Wingstop by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 13,150 shares of the restaurant operator's stock worth $2,365,000 after buying an additional 60 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.