Wingstop (NASDAQ:WING) Receives Hold Rating from Benchmark

Wingstop (NASDAQ:WING - Get Free Report)'s stock had its "hold" rating reiterated by equities researchers at Benchmark in a research report issued to clients and investors on Thursday, Benzinga reports.

Other research analysts also recently issued research reports about the stock. Sanford C. Bernstein initiated coverage on shares of Wingstop in a research report on Wednesday, February 14th. They set an "outperform" rating and a $340.00 price objective on the stock. Jefferies Financial Group increased their price objective on shares of Wingstop from $310.00 to $335.00 and gave the company a "hold" rating in a research report on Tuesday, April 16th. Stephens restated an "overweight" rating and set a $425.00 price objective on shares of Wingstop in a research report on Wednesday. Stifel Nicolaus increased their price objective on shares of Wingstop from $270.00 to $330.00 and gave the company a "buy" rating in a research report on Friday, February 16th. Finally, BMO Capital Markets increased 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 analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Wingstop has a consensus rating of "Hold" and a consensus target price of $329.11.

Wingstop Stock Down 0.6 %

Shares of NASDAQ WING traded down $2.44 during midday trading on Thursday, hitting $381.54. The stock had a trading volume of 665,636 shares, compared to its average volume of 487,169. The business's 50 day moving average is $358.55 and its 200-day moving average is $285.89. The company has a market cap of $11.21 billion, a P/E ratio of 162.57, a PEG ratio of 6.61 and a beta of 1.67. Wingstop has a 52 week low of $150.08 and a 52 week high of $396.00.

Wingstop (NASDAQ:WING - Get Free Report) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.22. The firm had revenue of $145.70 million for the quarter, compared to the consensus estimate of $136.34 million. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The business's 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. As a group, analysts expect that Wingstop will post 3.03 EPS for the current fiscal year.

Insider Transactions at Wingstop

In other news, Director Kilandigalu Madati sold 1,472 shares of the 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 sale, the director now directly owns 5,450 shares of the company's stock, valued at $1,852,291.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Michael Skipworth sold 10,843 shares of the firm's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the transaction, the chief executive officer now directly owns 17,107 shares of the company's stock, valued at $5,771,901.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kilandigalu Madati sold 1,472 shares of the firm's stock in a transaction on Friday, February 23rd. The shares were 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 of the company's stock, valued at $1,852,291.50. The disclosure for this sale can be found here. Insiders sold a total of 14,901 shares of company stock valued at $5,120,605 over the last three months. Corporate insiders own 0.36% of the company's stock.

Hedge Funds Weigh In On Wingstop

Several institutional investors have recently bought and sold shares of WING. Franklin Resources Inc. grew its stake in Wingstop by 155.7% during the fourth quarter. Franklin Resources Inc. now owns 873,385 shares of the restaurant operator's stock valued at $224,093,000 after acquiring an additional 531,880 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in Wingstop by 64.3% during the third quarter. Artisan Partners Limited Partnership now owns 1,079,939 shares of the restaurant operator's stock valued at $194,216,000 after acquiring an additional 422,727 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Wingstop during the fourth quarter valued at $103,899,000. American Century Companies Inc. lifted its position in Wingstop by 29.4% during the third quarter. American Century Companies Inc. now owns 1,626,558 shares of the restaurant operator's stock valued at $292,520,000 after purchasing an additional 370,032 shares during the last quarter. Finally, Norges Bank bought a new position in Wingstop during the fourth quarter valued at $80,423,000.

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.