Wingstop (NASDAQ:WING) Earns Overweight Rating from Analysts at Stephens

Analysts at Stephens began coverage on shares of Wingstop (NASDAQ:WING - Get Free Report) in a report issued on Friday, MarketBeat reports. The brokerage set an "overweight" rating and a $425.00 price target on the restaurant operator's stock. Stephens' target price indicates a potential upside of 16.39% from the company's current price.

Several other research analysts have also commented on the stock. Truist Financial reaffirmed a "hold" rating and issued a $292.00 price target on shares of Wingstop in a report on Monday, April 1st. Wedbush lifted their price target on shares of Wingstop from $330.00 to $340.00 and gave the company an "outperform" rating in a report on Thursday, February 22nd. Sanford C. Bernstein began coverage on shares of Wingstop in a research report on Wednesday, February 14th. They issued an "outperform" rating and a $340.00 price objective on the stock. Robert W. Baird lifted their price objective on shares of Wingstop from $320.00 to $340.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. Finally, BMO Capital Markets lifted their price objective on shares of Wingstop from $235.00 to $275.00 and gave the company a "market perform" rating in a research report on Thursday, February 22nd. 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 data from MarketBeat.com, Wingstop presently has an average rating of "Hold" and an average price target of $271.83.

Wingstop Price Performance

Wingstop stock traded down $1.80 during midday trading on Friday, hitting $365.15. 221,587 shares of the stock were exchanged, compared to its average volume of 468,956. The firm has a market cap of $10.72 billion, a P/E ratio of 155.38, a P/E/G ratio of 6.43 and a beta of 1.68. Wingstop has a 1 year low of $150.08 and a 1 year high of $379.00. The company has a 50 day moving average price of $341.81 and a two-hundred day moving average price of $268.13.

Wingstop (NASDAQ:WING - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The company had revenue of $127.06 million during the quarter, compared to analyst estimates of $120.47 million. During the same period last year, the business earned $0.60 EPS. The firm's revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, analysts predict that Wingstop will post 2.98 EPS for the current year.

Insiders Place Their Bets

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 sale, the chief executive officer now directly owns 17,107 shares in the company, valued at approximately $5,771,901.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Marisa Carona sold 2,586 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the sale, the senior vice president now directly owns 1,646 shares in the company, valued at approximately $612,246.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Skipworth sold 10,843 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 17,107 shares in the company, valued at $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 worth $5,120,605. 0.36% of the stock is owned by corporate insiders.

Institutional Trading of Wingstop

A number of hedge funds and other institutional investors have recently made changes to their positions in WING. Capital CS Group LLC purchased a new position in shares of Wingstop in the first quarter worth approximately $616,000. BTC Capital Management Inc. purchased a new position in shares of Wingstop in the first quarter worth approximately $363,000. Wedmont Private Capital purchased a new position in shares of Wingstop in the first quarter worth approximately $203,000. Rise Advisors LLC purchased a new position in shares of Wingstop in the first quarter worth approximately $29,000. Finally, GAMMA Investing LLC increased its position 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 acquiring an additional 40 shares in the last quarter.

About Wingstop

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.