Wingstop's (WING) "Buy" Rating Reaffirmed at TD Cowen

Wingstop (NASDAQ:WING - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at TD Cowen in a note issued to investors on Wednesday, Benzinga reports. They presently have a $410.00 price objective on the restaurant operator's stock. TD Cowen's price objective would indicate a potential upside of 13.87% from the company's current price.

Several other research firms have also commented on WING. Truist Financial reiterated a "hold" rating and set a $292.00 price objective on shares of Wingstop in a research note on Monday, April 1st. Sanford C. Bernstein initiated coverage on Wingstop in a research report on Wednesday, February 14th. They issued an "outperform" rating and a $340.00 price objective for the company. Stifel Nicolaus boosted 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. Wedbush increased their price target on Wingstop from $330.00 to $340.00 and gave the company an "outperform" rating in a research note on Thursday, February 22nd. Finally, Robert W. Baird boosted their price target on Wingstop from $320.00 to $340.00 and gave the stock an "outperform" rating in a research note on Thursday, February 22nd. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $260.11.

Wingstop Stock Performance

NASDAQ:WING traded up $5.73 during trading hours on Wednesday, reaching $360.05. The company's stock had a trading volume of 560,385 shares, compared to its average volume of 474,566. The company has a market capitalization of $10.57 billion, a P/E ratio of 154.23, a price-to-earnings-growth ratio of 6.48 and a beta of 1.68. The stock has a 50 day moving average price of $337.10 and a two-hundred day moving average price of $265.43. Wingstop has a 12 month low of $150.08 and a 12 month high of $379.00.

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 for the quarter, beating analysts' consensus estimates 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 negative return on equity of 17.66% and a net margin of 15.25%. The firm's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 earnings per share. As a group, analysts predict that Wingstop will post 2.98 EPS for the current fiscal year.

Insider Transactions at Wingstop

In related news, Director Kilandigalu Madati sold 1,472 shares of the business's stock in a transaction 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 completion of 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 SEC, which is accessible through the SEC website. In other news, Director Kilandigalu Madati sold 1,472 shares of the firm's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the sale, the director now directly owns 5,450 shares in the company, valued at approximately $1,852,291.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the transaction, the senior vice president now owns 1,646 shares of the company's stock, valued at approximately $612,246.16. The disclosure for this sale can be found here. Insiders have sold 14,901 shares of company stock valued at $5,120,605 in the last 90 days. 0.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in WING. Congress Asset Management Co. MA raised its position in Wingstop by 0.3% during the fourth quarter. Congress Asset Management Co. MA now owns 11,380 shares of the restaurant operator's stock worth $2,920,000 after acquiring an additional 34 shares during the period. Quadrant Capital Group LLC increased 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 worth $67,000 after purchasing an additional 38 shares in the last quarter. Kovack Advisors Inc. raised its position in shares of Wingstop by 1.7% during the 4th quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator's stock worth $595,000 after purchasing an additional 39 shares during the last quarter. GAMMA Investing LLC lifted its stake in Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator's stock valued at $42,000 after buying an additional 40 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its stake in Wingstop by 3.3% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,844 shares of the restaurant operator's stock valued at $254,000 after buying an additional 59 shares in 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.