Wingstop (NASDAQ:WING) Given “Buy” Rating at TD Securities

Wingstop (NASDAQ:WING)‘s stock had its “buy” rating reiterated by stock analysts at TD Securities in a note issued to investors on Wednesday,Benzinga reports. They currently have a $265.00 price objective on the restaurant operator’s stock. TD Securities’ price objective suggests a potential upside of 2.05% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Raymond James reissued an “outperform” rating and set a $330.00 target price (down from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Stifel Nicolaus dropped their target price on shares of Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Stephens reiterated an “overweight” rating and set a $385.00 price target on shares of Wingstop in a research report on Wednesday. Sanford C. Bernstein set a $260.00 price objective on shares of Wingstop in a report on Tuesday, April 22nd. Finally, Truist Financial dropped their target price on shares of Wingstop from $265.00 to $242.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Wingstop currently has an average rating of “Moderate Buy” and a consensus price target of $326.17.

Wingstop Stock Down 1.6 %

Shares of Wingstop stock opened at $259.67 on Wednesday. The company’s fifty day simple moving average is $226.03 and its two-hundred day simple moving average is $281.44. Wingstop has a 12-month low of $204.00 and a 12-month high of $433.86. The firm has a market cap of $7.25 billion, a PE ratio of 69.99, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Wingstop had a net margin of 17.37% and a negative return on equity of 21.59%. The company had revenue of $171.09 million during the quarter, compared to analyst estimates of $172.25 million. During the same period in the prior year, the business posted $0.98 earnings per share. Wingstop’s revenue for the quarter was up 17.4% on a year-over-year basis. As a group, sell-side analysts expect that Wingstop will post 4.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Wingstop

A number of hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its holdings in shares of Wingstop by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the restaurant operator’s stock valued at $1,850,000 after acquiring an additional 100 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in Wingstop by 66.3% during the first quarter. Stephens Investment Management Group LLC now owns 446,601 shares of the restaurant operator’s stock valued at $100,744,000 after purchasing an additional 178,041 shares during the period. Stephens Inc. AR boosted its holdings in Wingstop by 114.5% in the first quarter. Stephens Inc. AR now owns 3,803 shares of the restaurant operator’s stock worth $858,000 after purchasing an additional 2,030 shares during the last quarter. Mutual of America Capital Management LLC grew its position in Wingstop by 7.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 16,553 shares of the restaurant operator’s stock worth $3,734,000 after purchasing an additional 1,122 shares during the period. Finally, Xponance Inc. raised its stake in Wingstop by 1.1% during the 1st quarter. Xponance Inc. now owns 6,076 shares of the restaurant operator’s stock valued at $1,371,000 after buying an additional 67 shares during 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.