Wingstop's (WING) "Buy" Rating Reaffirmed at TD Securities

Wingstop (NASDAQ:WING - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at TD Securities in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $440.00 target price on the restaurant operator's stock. TD Securities' price objective would suggest a potential upside of 25.78% from the stock's previous close.

WING has been the topic of several other reports. Wedbush dropped their target price on shares of Wingstop from $390.00 to $355.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Truist Financial raised shares of Wingstop from a "hold" rating to a "buy" rating and boosted their price objective for the company from $274.00 to $400.00 in a research report on Tuesday, May 27th. Gordon Haskett upgraded Wingstop to a "strong-buy" rating in a report on Wednesday, April 30th. UBS Group cut their price target on Wingstop from $300.00 to $255.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, Guggenheim upped their price objective on Wingstop from $280.00 to $325.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $352.70.

Wingstop Stock Down 1.2%

WING stock opened at $349.83 on Tuesday. The company has a market cap of $9.76 billion, a P/E ratio of 94.29, a price-to-earnings-growth ratio of 2.27 and a beta of 1.88. The business's fifty day moving average is $291.82 and its 200-day moving average is $277.67. Wingstop has a twelve month low of $204.00 and a twelve month high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.15. The company had revenue of $171.09 million during the quarter, compared to analyst estimates of $172.25 million. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The firm's revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. Research analysts anticipate that Wingstop will post 4.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Raj Kapoor sold 637 shares of Wingstop stock in a transaction that occurred 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 directly owns 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Skipworth sold 10,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 47,190 shares of the company's stock, valued at $15,919,074.60. This represents a 17.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.72% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC lifted its position in Wingstop by 3.9% in the 4th quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator's stock valued at $256,000 after acquiring an additional 34 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its position in Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after buying an additional 35 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 37 shares in the last quarter. Tidal Investments LLC boosted its holdings in Wingstop by 4.9% during the 4th quarter. Tidal Investments LLC now owns 795 shares of the restaurant operator's stock worth $226,000 after acquiring an additional 37 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Wingstop by 0.5% in the 4th quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator's stock worth $2,415,000 after acquiring an additional 42 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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