Wingstop (NASDAQ:WING - Get Free Report)'s stock had its "outperform" rating reaffirmed by investment analysts at Raymond James Financial in a report issued on Thursday,Benzinga reports. They currently have a $400.00 target price on the restaurant operator's stock, down from their previous target price of $425.00. Raymond James Financial's price objective would indicate a potential upside of 21.46% from the stock's previous close.
A number of other research firms have also recently commented on WING. TD Securities reiterated a "buy" rating and issued a $440.00 price objective on shares of Wingstop in a report on Tuesday, June 17th. Cowen reaffirmed a "buy" rating on shares of Wingstop in a research report on Thursday, May 1st. Gordon Haskett raised Wingstop to a "strong-buy" rating in a research report on Wednesday, April 30th. Wells Fargo & Company upped their price objective on Wingstop from $320.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Finally, Sanford C. Bernstein reaffirmed an "overweight" rating and set a $360.00 price objective on shares of Wingstop in a research report on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $355.80.
Check Out Our Latest Stock Report on Wingstop
Wingstop Trading Up 0.3%
NASDAQ:WING traded up $0.88 during trading hours on Thursday, hitting $329.34. 384,007 shares of the stock were exchanged, compared to its average volume of 657,828. Wingstop has a 52-week low of $204.00 and a 52-week high of $433.86. The firm's fifty day moving average price is $338.18 and its 200 day moving average price is $282.96. The company has a market cap of $9.19 billion, a P/E ratio of 55.17, a P/E/G ratio of 4.60 and a beta of 1.84.
Wingstop (NASDAQ:WING - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, topping the consensus estimate of $0.84 by $0.15. Wingstop had a negative return on equity of 18.85% and a net margin of 26.45%. The company had revenue of $171.09 million during the quarter, compared to analyst estimates of $172.25 million. During the same period in the previous year, the business earned $0.98 EPS. Wingstop's quarterly revenue was up 17.4% on a year-over-year basis. Equities analysts expect that Wingstop will post 4.18 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, SVP Raj Kapoor sold 637 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $273.07, for a total value of $173,945.59. Following the sale, the senior vice president owned 517 shares in the company, valued at approximately $141,177.19. This represents a 55.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Skipworth sold 10,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $337.34, for a total transaction of $3,373,400.00. Following the completion of the sale, the chief executive officer owned 47,190 shares in the company, valued at approximately $15,919,074.60. This trade represents a 17.49% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.
Institutional Investors Weigh In On Wingstop
A number of institutional investors have recently modified their holdings of WING. EverSource Wealth Advisors LLC raised its stake in Wingstop by 521.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock worth $25,000 after acquiring an additional 73 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Wingstop by 93.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 62 shares during the last quarter. Signaturefd LLC grew its position in Wingstop by 106.9% in the 1st quarter. Signaturefd LLC now owns 149 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 77 shares during the last quarter. True Wealth Design LLC grew its position in Wingstop by 62.1% in the 4th quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock worth $40,000 after purchasing an additional 54 shares during the last quarter. Finally, Quarry LP bought a new position in Wingstop in the 4th quarter worth about $41,000.
About Wingstop
(
Get Free Report)
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.
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