Wingstop (NASDAQ:WING) Stock Rating Upgraded by Wolfe Research

Wingstop (NASDAQ:WING - Get Free Report) was upgraded by equities researchers at Wolfe Research to a "strong-buy" rating in a report issued on Wednesday,Zacks.com reports.

A number of other brokerages have also recently commented on WING. Robert W. Baird upped their target price on shares of Wingstop from $350.00 to $400.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Gordon Haskett raised Wingstop to a "strong-buy" rating in a research note on Wednesday, April 30th. Citigroup downgraded Wingstop from a "neutral" rating to a "cautious" rating in a research note on Wednesday, June 25th. Barclays restated an "overweight" rating and set a $410.00 price target (up previously from $360.00) on shares of Wingstop in a research note on Thursday, June 26th. Finally, Westpark Capital upgraded shares of Wingstop to a "strong-buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Wingstop has a consensus rating of "Moderate Buy" and an average price target of $358.83.

Wingstop Stock Performance

WING opened at $330.16 on Wednesday. Wingstop has a one year low of $204.00 and a one year high of $433.86. The stock has a market capitalization of $9.21 billion, a P/E ratio of 55.30, a price-to-earnings-growth ratio of 4.67 and a beta of 1.84. The business's 50-day simple moving average is $331.61 and its 200-day simple moving average is $281.48.

Wingstop (NASDAQ:WING - Get Free Report) last announced its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. Wingstop had a net margin of 26.45% and a negative return on equity of 18.85%. The business had revenue of $171.09 million for the quarter, compared to analysts' expectations of $172.25 million. During the same period in the previous year, the company posted $0.98 EPS. The company's quarterly revenue was up 17.4% on a year-over-year basis. On average, equities research analysts forecast that Wingstop will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling at Wingstop

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

Institutional Trading of Wingstop

Several large investors have recently modified their holdings of WING. EverSource Wealth Advisors LLC lifted its stake in 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 buying an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings 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 worth $26,000 after acquiring an additional 35 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Wingstop by 93.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 62 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Wingstop by 106.9% during the first 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 last quarter. Finally, True Wealth Design LLC increased its position in Wingstop by 62.1% during the 4th quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock worth $40,000 after purchasing an additional 54 shares in the last quarter.

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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