UBS Group Issues Pessimistic Forecast for Wingstop (NASDAQ:WING) Stock Price

Wingstop (NASDAQ:WING - Get Free Report) had its target price reduced by equities researchers at UBS Group from $300.00 to $255.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the restaurant operator's stock. UBS Group's price target would suggest a potential upside of 13.50% from the stock's current price.

Several other research analysts have also weighed in on WING. Benchmark lowered their price objective on Wingstop from $340.00 to $325.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Stephens reissued an "overweight" rating and issued a $450.00 price target on shares of Wingstop in a research note on Wednesday, February 19th. BTIG Research restated a "buy" rating on shares of Wingstop in a report on Tuesday, March 25th. TD Securities lowered their price objective on shares of Wingstop from $365.00 to $305.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, Barclays dropped their target price on shares of Wingstop from $315.00 to $260.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $332.17.

Wingstop Price Performance

Shares of WING traded down $2.63 during trading hours on Monday, hitting $224.67. 840,113 shares of the stock were exchanged, compared to its average volume of 583,813. Wingstop has a fifty-two week low of $204.00 and a fifty-two week high of $433.86. The business has a 50-day moving average of $226.11 and a 200-day moving average of $284.14. The firm has a market capitalization of $6.27 billion, a P/E ratio of 60.56, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02.

Institutional Trading of Wingstop

Several institutional investors have recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in Wingstop by 1.9% during the fourth quarter. American Century Companies Inc. now owns 1,206,062 shares of the restaurant operator's stock worth $342,763,000 after purchasing an additional 22,552 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Wingstop by 29.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,150,217 shares of the restaurant operator's stock valued at $326,893,000 after acquiring an additional 262,229 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Wingstop by 0.9% during the third quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator's stock valued at $326,020,000 after acquiring an additional 7,204 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Wingstop by 23.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator's stock worth $227,852,000 after acquiring an additional 154,055 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Wingstop by 21.4% in the fourth quarter. Alliancebernstein L.P. now owns 573,999 shares of the restaurant operator's stock worth $163,131,000 after purchasing an additional 101,247 shares during 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.

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