Wingstop (NASDAQ:WING) Price Target Raised to $430.00

Wingstop (NASDAQ:WING - Get Free Report) had its price target raised by research analysts at BTIG Research from $350.00 to $430.00 in a research report issued on Wednesday, MarketBeat reports. The brokerage currently has a "buy" rating on the restaurant operator's stock. BTIG Research's price objective would suggest a potential upside of 20.66% from the company's current price.

A number of other research analysts have also recently issued reports on the company. The Goldman Sachs Group lifted their price target on Wingstop from $310.00 to $390.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company upped their target price on shares of Wingstop from $320.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Cowen reissued a "buy" rating on shares of Wingstop in a report on Thursday, May 1st. 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 report on Thursday, February 20th. Finally, Jefferies Financial Group upgraded Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price objective on the stock in a research report on Monday, March 31st. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $350.96.

Wingstop Stock Down 6.5%

NASDAQ:WING traded down $24.63 on Wednesday, reaching $356.37. The stock had a trading volume of 635,141 shares, compared to its average volume of 632,615. The company has a market capitalization of $9.94 billion, a P/E ratio of 96.06, a price-to-earnings-growth ratio of 2.27 and a beta of 1.88. The stock has a fifty day moving average price of $283.87 and a 200-day moving average price of $278.02. 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 quarterly 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 negative return on equity of 21.59% and a net margin of 17.37%. The business had revenue of $171.09 million for the quarter, compared to analyst estimates of $172.25 million. During the same period in the prior year, the company earned $0.98 EPS. Wingstop's revenue for the quarter was up 17.4% on a year-over-year basis. Sell-side analysts predict that Wingstop will post 4.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Wingstop news, CEO Michael Skipworth sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $337.34, for a total value of $3,373,400.00. Following the completion of the transaction, the chief executive officer now directly owns 47,190 shares in the company, valued at $15,919,074.60. This trade represents a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Raj Kapoor sold 637 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $273.07, for a total value of $173,945.59. Following the transaction, the senior vice president now directly owns 517 shares in the company, valued at $141,177.19. This trade represents a 55.20% decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Institutional Trading of Wingstop

Several institutional investors and hedge funds have recently added to or reduced their stakes in WING. EverSource Wealth Advisors LLC raised its holdings in shares of Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 73 shares during the period. CBIZ Investment Advisory Services LLC lifted its position in shares of Wingstop by 62.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after buying an additional 35 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Wingstop by 93.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 62 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Wingstop during the 4th quarter worth approximately $30,000. Finally, Signaturefd LLC raised its stake in Wingstop by 106.9% in the 1st quarter. Signaturefd LLC now owns 149 shares of the restaurant operator's stock valued at $34,000 after acquiring an additional 77 shares during the period.

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.