Raymond James restated their outperform rating on shares of Wingstop (NASDAQ:WING – Free Report) in a research report report published on Tuesday morning,Benzinga reports. Raymond James currently has a $330.00 target price on the restaurant operator’s stock, down from their previous target price of $375.00.
Other analysts have also issued research reports about the company. Wedbush reaffirmed an “outperform” rating and issued a $390.00 price target on shares of Wingstop in a research note on Tuesday, November 5th. Barclays cut their price target on Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Stephens reissued an “overweight” rating and issued a $468.00 target price on shares of Wingstop in a research note on Thursday, January 2nd. Citigroup lifted their price target on Wingstop from $417.00 to $440.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Finally, BTIG Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price target on the stock in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $383.32.
Read Our Latest Stock Analysis on Wingstop
Wingstop Stock Up 0.7 %
Wingstop (NASDAQ:WING – Get Free Report) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The firm had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $160.24 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The business’s revenue for the quarter was up 38.8% on a year-over-year basis. Sell-side analysts expect that Wingstop will post 3.67 EPS for the current fiscal year.
Wingstop declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase up to 5.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
Insider Buying and Selling at Wingstop
In other news, SVP Raj Kapoor sold 266 shares of Wingstop stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $324.38, for a total transaction of $86,285.08. Following the transaction, the senior vice president now owns 266 shares in the company, valued at $86,285.08. This trade represents a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.36% of the company’s stock.
Hedge Funds Weigh In On Wingstop
A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its holdings in Wingstop by 277.5% during the fourth quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator’s stock valued at $1,356,000 after purchasing an additional 3,507 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Wingstop in the third quarter valued at $5,010,000. Conway Capital Management Inc. bought a new stake in shares of Wingstop in the 3rd quarter worth about $3,544,000. Eagle Asset Management Inc. increased its stake in Wingstop by 40.8% during the third quarter. Eagle Asset Management Inc. now owns 465,368 shares of the restaurant operator’s stock worth $193,630,000 after acquiring an additional 134,802 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Wingstop during the 3rd quarter valued at $874,000.
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.
Featured Stories
- Five stocks we like better than Wingstop
- How to Short a Stock in 5 Easy Steps
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- What Are Growth Stocks and Investing in Them
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- What is the S&P 500 and How It is Distinct from Other Indexes
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
Receive News & Ratings for Wingstop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop and related companies with MarketBeat.com's FREE daily email newsletter.