Wingstop (NASDAQ:WING) PT Raised to $398.00

Wingstop (NASDAQ:WING - Get Free Report) had its price objective upped by equities research analysts at Citigroup from $375.00 to $398.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a "neutral" rating on the restaurant operator's stock. Citigroup's target price points to a potential upside of 2.43% from the company's previous close.

Other analysts also recently issued research reports about the stock. Robert W. Baird lifted their target price on shares of Wingstop from $390.00 to $405.00 and gave the stock an "outperform" rating in a report on Thursday. TD Cowen reissued a "buy" rating and issued a $410.00 target price on shares of Wingstop in a research report on Wednesday. Jefferies Financial Group lifted their price objective on shares of Wingstop from $310.00 to $335.00 and gave the stock a "hold" rating in a research note on Tuesday, April 16th. Bank of America lifted their price target on shares of Wingstop from $421.00 to $461.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Barclays raised their price objective on Wingstop from $350.00 to $418.00 and gave the stock an "overweight" rating in a research note on Thursday. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $330.39.

Wingstop Stock Up 1.8 %

WING stock traded up $7.01 during midday trading on Thursday, reaching $388.55. The stock had a trading volume of 504,433 shares, compared to its average volume of 487,441. Wingstop has a twelve month low of $150.08 and a twelve month high of $396.00. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 135.78, a PEG ratio of 6.60 and a beta of 1.67. The business has a fifty day simple moving average of $359.50 and a two-hundred day simple moving average of $286.56.

Wingstop (NASDAQ:WING - Get Free Report) last released its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.22. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The firm had revenue of $145.70 million for the quarter, compared to analyst estimates of $136.34 million. The company's quarterly revenue was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. On average, equities analysts predict that Wingstop will post 3.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Wingstop news, Director Kilandigalu Madati sold 1,472 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the transaction, the director now directly owns 5,450 shares in the company, valued at approximately $1,852,291.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Wingstop news, Director Kilandigalu Madati sold 1,472 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total value of $500,288.64. Following the transaction, the director now owns 5,450 shares in the company, valued at $1,852,291.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Marisa Carona sold 2,586 shares of the company's stock in a transaction that occurred 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 directly owns 1,646 shares in the company, valued at $612,246.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,901 shares of company stock worth $5,120,605. 0.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WING. McGlone Suttner Wealth Management Inc. purchased a new position in Wingstop in the fourth quarter valued at approximately $28,000. Rise Advisors LLC bought a new stake in shares of Wingstop in the 1st quarter worth approximately $29,000. Headlands Technologies LLC purchased a new stake in Wingstop during the 3rd quarter valued at about $38,000. FSC Wealth Advisors LLC purchased a new position in Wingstop in the 4th quarter worth approximately $39,000. Finally, GAMMA Investing LLC increased its stake in shares of 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.