TD Securities Reiterates "Buy" Rating for Wingstop (NASDAQ:WING)

Wingstop (NASDAQ:WING - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at TD Securities in a research note issued on Tuesday,Benzinga reports. They currently have a $440.00 price objective on the restaurant operator's stock. TD Securities' price target suggests a potential upside of 25.71% from the company's current price.

Other analysts also recently issued research reports about the company. Wells Fargo & Company lifted their target price on Wingstop from $320.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Morgan Stanley lowered their target price on shares of Wingstop from $389.00 to $375.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Jefferies Financial Group upgraded shares of Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price target on the stock in a report on Monday, March 31st. BTIG Research increased their price objective on shares of Wingstop from $350.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Finally, Bank of America raised their price objective on Wingstop from $319.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wingstop currently has an average rating of "Moderate Buy" and a consensus target price of $352.70.

Wingstop Trading Down 0.1%

NASDAQ WING traded down $0.32 on Tuesday, reaching $350.00. 910,665 shares of the stock were exchanged, compared to its average volume of 642,077. Wingstop has a one year low of $204.00 and a one year high of $433.86. The firm has a market capitalization of $9.77 billion, a PE ratio of 58.63, a PEG ratio of 4.90 and a beta of 1.88. The company's 50-day simple moving average is $298.11 and its two-hundred day simple moving average is $278.82.

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

Insider Activity at Wingstop

In other Wingstop news, CEO Michael Skipworth sold 10,000 shares of Wingstop stock in a transaction on Tuesday, May 27th. The stock was 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 now directly owns 47,190 shares of the company's stock, valued at $15,919,074.60. The trade was a 17.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Raj Kapoor sold 637 shares of the firm'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 transaction, the senior vice president now owns 517 shares in the company, valued at approximately $141,177.19. This represents a 55.20% decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its holdings in Wingstop by 521.4% during the fourth 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 during the period. CBIZ Investment Advisory Services LLC boosted its position in Wingstop by 62.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 35 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Wingstop by 93.9% during the 1st 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. SBI Securities Co. Ltd. purchased a new position in shares of Wingstop in the 4th quarter valued at $30,000. Finally, Signaturefd LLC raised its position in shares of Wingstop by 106.9% in the 1st quarter. Signaturefd LLC now owns 149 shares of the restaurant operator's stock worth $34,000 after acquiring an additional 77 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.