Wingstop (NASDAQ:WING) PT Raised to $440.00 at Wedbush

Wingstop (NASDAQ:WING) had its target price boosted by analysts at Wedbush from $425.00 to $440.00 in a report issued on Monday, Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Wedbush’s target price points to a potential upside of 5.60% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Stephens reaffirmed an “overweight” rating and issued a $475.00 price objective on shares of Wingstop in a research note on Wednesday, August 14th. Barclays upped their price target on shares of Wingstop from $418.00 to $425.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. The Goldman Sachs Group lifted their price objective on shares of Wingstop from $407.00 to $458.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Piper Sandler upped their target price on shares of Wingstop from $353.00 to $375.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Raymond James upgraded Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research report on Thursday, August 1st. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Wingstop has a consensus rating of “Hold” and an average price target of $379.53.

Wingstop Stock Performance

Shares of NASDAQ:WING opened at $416.66 on Monday. The firm has a market cap of $12.21 billion, a price-to-earnings ratio of 148.28, a P/E/G ratio of 3.96 and a beta of 1.71. The firm has a fifty day moving average price of $379.23 and a 200 day moving average price of $380.08. Wingstop has a fifty-two week low of $166.65 and a fifty-two week high of $431.03.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The business had revenue of $155.70 million during the quarter, compared to the consensus estimate of $146.04 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The business’s revenue was up 45.3% on a year-over-year basis. As a group, research analysts predict that Wingstop will post 3.77 earnings per share for the current year.

Insider Activity at Wingstop

In related news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $372.71, for a total value of $1,192,299.29. Following the transaction, the senior vice president now owns 97 shares of the company’s stock, valued at $36,152.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.36% of the stock is currently owned by company insiders.

Institutional Trading of Wingstop

A number of hedge funds have recently added to or reduced their stakes in WING. Hollencrest Capital Management bought a new stake in shares of Wingstop in the 2nd quarter valued at about $27,000. Rise Advisors LLC bought a new position in Wingstop in the first quarter worth approximately $29,000. Ashton Thomas Private Wealth LLC purchased a new stake in Wingstop during the second quarter worth $34,000. Massmutual Trust Co. FSB ADV boosted its position in Wingstop by 60.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after acquiring an additional 35 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 40 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.