Wingstop (NASDAQ:WING) Price Target Raised to $385.00 at UBS Group

Key Points

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Wingstop (NASDAQ:WING - Get Free Report) had its price objective raised by stock analysts at UBS Group from $335.00 to $385.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the restaurant operator's stock. UBS Group's price target suggests a potential upside of 3.57% from the stock's current price.

Several other brokerages have also recently commented on WING. Sanford C. Bernstein reiterated an "overweight" rating and issued a $440.00 price objective on shares of Wingstop in a research note on Thursday. The Goldman Sachs Group lifted their target price on shares of Wingstop from $310.00 to $390.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Barclays lifted their target price on shares of Wingstop from $410.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday. Westpark Capital upgraded shares of Wingstop to a "strong-buy" rating in a research report on Wednesday, July 9th. Finally, Stephens lifted their target price on shares of Wingstop from $400.00 to $425.00 and gave the stock an "overweight" rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $377.12.

Wingstop Stock Performance

Wingstop stock traded up $3.48 during midday trading on Thursday, hitting $371.74. 233,537 shares of the company's stock were exchanged, compared to its average volume of 824,477. Wingstop has a 12-month low of $204.00 and a 12-month high of $433.86. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 62.44, a price-to-earnings-growth ratio of 3.92 and a beta of 1.84. The firm's 50 day simple moving average is $338.58 and its 200 day simple moving average is $284.58.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.12. The company had revenue of $174.33 million for the quarter, compared to the consensus estimate of $172.60 million. Wingstop had a net margin of 26.45% and a negative return on equity of 18.85%. Wingstop's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. On average, equities research analysts forecast that Wingstop will post 4.18 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Raj Kapoor sold 637 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $273.07, for a total value of $173,945.59. Following the sale, the senior vice president directly owned 517 shares of the company's stock, valued at $141,177.19. This represents a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Skipworth sold 10,000 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $337.34, for a total transaction of $3,373,400.00. Following the completion of the sale, the chief executive officer directly owned 47,190 shares in the company, valued at $15,919,074.60. This represents a 17.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.72% of the company's stock.

Institutional Trading of Wingstop

Hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in shares of Wingstop by 8.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,650 shares of the restaurant operator's stock worth $469,000 after buying an additional 122 shares during the period. LPL Financial LLC boosted its holdings in shares of Wingstop by 40.8% in the fourth quarter. LPL Financial LLC now owns 16,960 shares of the restaurant operator's stock worth $4,820,000 after buying an additional 4,918 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of Wingstop by 11.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,229 shares of the restaurant operator's stock worth $1,202,000 after buying an additional 451 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Wingstop by 3.4% in the fourth quarter. Wellington Management Group LLP now owns 238,942 shares of the restaurant operator's stock worth $67,907,000 after buying an additional 7,899 shares during the period. Finally, Headlands Technologies LLC boosted its holdings in shares of Wingstop by 218.2% in the fourth quarter. Headlands Technologies LLC now owns 1,664 shares of the restaurant operator's stock worth $473,000 after buying an additional 1,141 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.

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