Truist Financial Boosts Wingstop (NASDAQ:WING) Price Target to $274.00

Wingstop (NASDAQ:WING) had its price target boosted by equities researchers at Truist Financial from $242.00 to $274.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Truist Financial’s price target points to a potential upside of 1.44% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Benchmark lowered their price target on Wingstop from $340.00 to $325.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Jefferies Financial Group raised shares of Wingstop from a “hold” rating to a “buy” rating and set a $270.00 target price on the stock in a report on Monday, March 31st. The Goldman Sachs Group lifted their price target on shares of Wingstop from $280.00 to $310.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler boosted their price target on shares of Wingstop from $271.00 to $272.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Morgan Stanley dropped their price objective on shares of Wingstop from $389.00 to $375.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.05.

Wingstop Stock Performance

NASDAQ:WING opened at $270.11 on Thursday. The company has a 50-day moving average of $226.65 and a 200-day moving average of $280.59. Wingstop has a 52 week low of $204.00 and a 52 week high of $433.86. The company has a market capitalization of $7.54 billion, a price-to-earnings ratio of 72.81, a PEG ratio of 2.27 and a beta of 2.02.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 EPS 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 firm had revenue of $171.09 million during the quarter, compared to analysts’ expectations of $172.25 million. During the same quarter last year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. Sell-side analysts forecast that Wingstop will post 4.18 EPS for the current year.

Institutional Trading of Wingstop

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in Wingstop by 521.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 73 shares during the period. CBIZ Investment Advisory Services LLC raised its stake in shares of Wingstop by 62.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock worth $26,000 after buying an additional 35 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Wingstop by 93.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 62 shares during the period. SBI Securities Co. Ltd. bought a new position in Wingstop in the fourth quarter valued at approximately $30,000. Finally, Signaturefd LLC grew its holdings in Wingstop by 106.9% during the 1st quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 77 shares during the period.

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.