Wingstop (NASDAQ:WING) PT Raised to $375.00

Wingstop (NASDAQ:WING) had its price target upped by research analysts at Citigroup from $320.00 to $375.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s target price would indicate a potential upside of 5.22% from the company’s current price.

A number of other equities analysts also recently issued reports on WING. Stifel Nicolaus lifted their price target on Wingstop from $270.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Truist Financial reiterated a “hold” rating and set a $292.00 price target on shares of Wingstop in a research note on Monday, April 1st. Jefferies Financial Group lifted their price target on Wingstop from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Tuesday. Robert W. Baird lifted their price target on Wingstop from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, TD Cowen reiterated a “buy” rating and set a $410.00 price target on shares of Wingstop in a research note on Wednesday, April 10th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Wingstop has a consensus rating of “Hold” and a consensus target price of $290.83.

Wingstop Price Performance

Shares of WING opened at $356.40 on Wednesday. The stock has a 50-day moving average of $347.54 and a 200-day moving average of $273.19. The company has a market cap of $10.47 billion, a PE ratio of 151.66, a P/E/G ratio of 6.57 and a beta of 1.68. Wingstop has a one year low of $150.08 and a one year high of $379.00.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 EPS for the quarter, beating the consensus estimate of $0.57 by $0.07. The company had revenue of $127.06 million during the quarter, compared to the consensus estimate of $120.47 million. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the business posted $0.60 EPS. Analysts expect that Wingstop will post 3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total value of $3,658,428.20. Following the sale, the chief executive officer now owns 17,107 shares of the company’s stock, valued at approximately $5,771,901.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at approximately $612,246.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Skipworth sold 10,843 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the sale, the chief executive officer now directly owns 17,107 shares in the company, valued at approximately $5,771,901.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,901 shares of company stock valued at $5,120,605. 0.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Wingstop

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Wingstop during the 4th quarter valued at $28,000. Rise Advisors LLC purchased a new position in shares of Wingstop during the 1st quarter valued at $29,000. Public Employees Retirement System of Ohio grew its position in shares of Wingstop by 39.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 79 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Wingstop during the 3rd quarter valued at $38,000. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Wingstop during the 4th quarter valued at $39,000.

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.