Stephens Reiterates Overweight Rating for Wingstop (NASDAQ:WING)

Wingstop (NASDAQ:WING - Get Free Report)'s stock had its "overweight" rating reissued by investment analysts at Stephens in a research note issued on Wednesday,Benzinga reports. They currently have a $385.00 price objective on the restaurant operator's stock. Stephens' target price suggests a potential upside of 42.39% from the company's previous close.

WING has been the topic of several other research reports. Sanford C. Bernstein set a $260.00 target price on shares of Wingstop in a research note on Tuesday, April 22nd. Morgan Stanley dropped their price objective on shares of Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Barclays lowered their target price on Wingstop from $315.00 to $260.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group raised Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price target for the company in a report on Monday, March 31st. Finally, Truist Financial lowered their price objective on Wingstop from $265.00 to $242.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $320.05.

Wingstop Price Performance

Wingstop stock traded up $0.27 during trading hours on Wednesday, hitting $270.38. 406,251 shares of the stock traded hands, compared to its average volume of 594,554. The firm's 50 day moving average price is $226.65 and its 200-day moving average price is $279.26. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 72.87, a P/E/G ratio of 2.27 and a beta of 1.80. Wingstop has a 1 year low of $204.00 and a 1 year high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last released its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.15. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The business had revenue of $171.09 million during the quarter, compared to analysts' expectations of $172.25 million. During the same quarter in the previous year, the company earned $0.98 earnings per share. The company's quarterly revenue was up 17.4% on a year-over-year basis. Research analysts forecast that Wingstop will post 4.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Wingstop

Several hedge funds have recently bought and sold shares of WING. Tidal Investments LLC lifted its position in shares of Wingstop by 7.8% during the third quarter. Tidal Investments LLC now owns 758 shares of the restaurant operator's stock worth $315,000 after purchasing an additional 55 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Wingstop by 0.9% during the 3rd quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator's stock worth $326,020,000 after buying an additional 7,204 shares in the last quarter. Everence Capital Management Inc. purchased a new position in Wingstop in the 4th quarter valued at approximately $259,000. Diversified Trust Co acquired a new position in shares of Wingstop in the fourth quarter worth $427,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Wingstop by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,135 shares of the restaurant operator's stock worth $1,459,000 after acquiring an additional 65 shares during the period.

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.