Wingstop (NASDAQ:WING) Receives Overweight Rating from Stephens

Key Points

• Wingstop received an "overweight" rating from Stephens with a price target of $425.00, suggesting potential upside of 32.64% from its previous close.
• Various analysts have upgraded Wingstop's ratings recently, with four giving it a Strong Buy and a consensus target price of $379.52.
• The company reported quarterly earnings with a 12% revenue increase year-over-year, outperforming earnings expectations with $1.00 EPS against a consensus of $0.88.

Wingstop (NASDAQ:WING - Get Free Report)'s stock had its "overweight" rating restated by investment analysts at Stephens in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $425.00 price target on the restaurant operator's stock. Stephens' target price indicates a potential upside of 32.64% from the stock's previous close.

WING has been the topic of a number of other research reports. Raymond James Financial upgraded Wingstop from an "outperform" rating to a "strong-buy" rating and set a $420.00 price objective on the stock in a report on Friday, August 15th. Benchmark boosted their price objective on Wingstop from $325.00 to $410.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Melius initiated coverage on Wingstop in a research note on Monday, July 14th. They issued a "hold" rating and a $350.00 price target on the stock. Barclays boosted their price target on Wingstop from $410.00 to $440.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Guggenheim boosted their price objective on Wingstop from $325.00 to $410.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $379.52.

Wingstop Stock Up 0.6%

WING traded up $1.81 on Wednesday, hitting $320.42. 88,826 shares of the company traded hands, compared to its average volume of 816,411. The company has a 50 day moving average of $330.13 and a 200-day moving average of $291.45. The stock has a market capitalization of $8.95 billion, a PE ratio of 53.40, a PEG ratio of 4.11 and a beta of 1.87. Wingstop has a 12-month low of $204.00 and a 12-month high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The restaurant operator reported $1.00 EPS for the quarter, beating the consensus estimate of $0.88 by $0.12. The firm had revenue of $174.33 million during the quarter, compared to the consensus estimate of $172.60 million. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%.The firm's revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 EPS. On average, research analysts anticipate that Wingstop will post 4.18 EPS for the current year.

Insider Activity

In other news, CEO Michael Skipworth sold 4,500 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $370.34, for a total value of $1,666,530.00. Following the completion of the transaction, the chief executive officer owned 42,777 shares in the company, valued at $15,842,034.18. This trade represents a 9.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Marisa Carona sold 11,938 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $370.34, for a total value of $4,421,118.92. The disclosure for this sale can be found here. Insiders sold a total of 21,838 shares of company stock worth $8,118,535 over the last 90 days. 0.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Wingstop

Large investors have recently made changes to their positions in the stock. Quaker Wealth Management LLC boosted its stake in shares of Wingstop by 134.2% during the second quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 408 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in Wingstop in the 2nd quarter worth about $43,000. MassMutual Private Wealth & Trust FSB boosted its stake in Wingstop by 93.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock worth $29,000 after buying an additional 62 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Wingstop by 4,200.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator's stock worth $43,000 after buying an additional 126 shares during the last quarter. Finally, True Wealth Design LLC boosted its stake in Wingstop by 62.1% in the 4th quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock worth $40,000 after buying an additional 54 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.