Barclays Cuts Wingstop (NASDAQ:WING) Price Target to $260.00

Wingstop (NASDAQ:WING - Get Free Report) had its price objective dropped by equities research analysts at Barclays from $315.00 to $260.00 in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage presently has an "overweight" rating on the restaurant operator's stock. Barclays's price objective suggests a potential upside of 14.39% from the stock's current price.

Several other analysts have also issued reports on WING. Robert W. Baird dropped their target price on shares of Wingstop from $375.00 to $350.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Guggenheim raised shares of Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 price target on the stock in a research note on Monday, February 24th. Jefferies Financial Group upgraded Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price objective for the company in a research note on Monday, March 31st. Morgan Stanley reduced their target price on Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $330.00 price target (down from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $334.13.

Wingstop Stock Performance

Wingstop stock traded up $9.71 during trading on Tuesday, reaching $227.30. The company had a trading volume of 679,660 shares, compared to its average volume of 582,783. The firm has a market capitalization of $6.34 billion, a PE ratio of 61.27, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02. The firm's 50-day simple moving average is $226.11 and its 200 day simple moving average is $284.91. Wingstop has a 1-year low of $204.00 and a 1-year high of $433.86.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WING. Proficio Capital Partners LLC acquired a new position in shares of Wingstop in the 4th quarter valued at $10,177,000. SG Americas Securities LLC lifted its position in Wingstop by 277.5% in the fourth quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator's stock valued at $1,356,000 after buying an additional 3,507 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in Wingstop by 779.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator's stock valued at $5,247,000 after buying an additional 16,361 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Wingstop by 475.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator's stock worth $19,676,000 after buying an additional 57,193 shares during the period. Finally, Versor Investments LP raised its stake in shares of Wingstop by 149.0% in the 4th quarter. Versor Investments LP now owns 5,309 shares of the restaurant operator's stock valued at $1,509,000 after acquiring an additional 3,177 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.