Wingstop (NASDAQ:WING) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Weiss Ratings has maintained a "hold (C)" rating on Wingstop's stock, while other analysts have issued varied ratings, including an upgrade to "strong-buy" from Raymond James Financial.
• Wingstop's stock price recently rose by 1.6% to $248.52, with a current consensus price target of $376.92 from analysts.
• The company reported a quarterly earnings per share of $1.00, exceeding estimates, and saw a 12.0% year-over-year revenue growth to $174.33 million.

Wingstop (NASDAQ:WING - Get Free Report)'s stock had its "hold (c)" rating restated by research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other analysts also recently issued reports about the stock. Raymond James Financial upgraded shares of Wingstop from an "outperform" rating to a "strong-buy" rating and set a $420.00 price objective on the stock in a research report on Friday, August 15th. Guggenheim raised their price objective on shares of Wingstop from $325.00 to $410.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Wolfe Research initiated coverage on shares of Wingstop in a research report on Wednesday, July 9th. They set an "outperform" rating and a $280.00 price objective on the stock. The Goldman Sachs Group decreased their price objective on shares of Wingstop from $430.00 to $370.00 and set a "buy" rating on the stock in a research report on Tuesday, September 30th. Finally, Piper Sandler began coverage on shares of Wingstop in a report on Wednesday, July 9th. They issued an "overweight" rating on the stock. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $376.92.

Wingstop Trading Up 1.6%

WING stock traded up $3.91 on Wednesday, hitting $248.52. The company had a trading volume of 358,748 shares, compared to its average volume of 832,195. Wingstop has a 12-month low of $204.00 and a 12-month high of $407.09. The stock's 50-day simple moving average is $301.68 and its 200 day simple moving average is $297.60. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 41.44, a P/E/G ratio of 3.06 and a beta of 1.78.

Wingstop (NASDAQ:WING - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. Wingstop had a net margin of 25.61% and a negative return on equity of 17.07%. The business had revenue of $174.33 million for the quarter, compared to the consensus estimate of $172.60 million. During the same period last year, the firm earned $0.93 earnings per share. The company's quarterly revenue was up 12.0% on a year-over-year basis. Research analysts forecast that Wingstop will post 4.18 earnings per share for the current year.

Insiders Place Their Bets

In other Wingstop news, CEO Michael Skipworth sold 4,500 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $370.34, for a total transaction of $1,666,530.00. Following the sale, the chief executive officer owned 42,777 shares of the company's stock, valued at approximately $15,842,034.18. The trade was a 9.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Alex Kaleida sold 5,400 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $376.09, for a total transaction of $2,030,886.00. Following the sale, the chief financial officer directly owned 8,362 shares in the company, valued at approximately $3,144,864.58. This represents a 39.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,838 shares of company stock valued at $8,118,535. Insiders own 0.72% of the company's stock.

Institutional Trading of Wingstop

A number of hedge funds have recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp boosted its holdings in Wingstop by 25.3% during the second quarter. Texas Permanent School Fund Corp now owns 21,058 shares of the restaurant operator's stock worth $7,091,000 after buying an additional 4,256 shares in the last quarter. Osaic Holdings Inc. raised its position in Wingstop by 5.6% during the second quarter. Osaic Holdings Inc. now owns 3,485 shares of the restaurant operator's stock worth $1,131,000 after acquiring an additional 186 shares during the period. Centaurus Financial Inc. raised its position in Wingstop by 0.8% during the second quarter. Centaurus Financial Inc. now owns 5,555 shares of the restaurant operator's stock worth $1,870,000 after acquiring an additional 46 shares during the period. Ranger Investment Management L.P. raised its position in Wingstop by 187.6% during the second quarter. Ranger Investment Management L.P. now owns 61,825 shares of the restaurant operator's stock worth $20,819,000 after acquiring an additional 40,331 shares during the period. Finally, State of Wyoming acquired a new position in Wingstop during the second quarter worth $107,000.

Wingstop Company Profile

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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