Wingstop’s (WING) “Overweight” Rating Reaffirmed at Morgan Stanley

Wingstop (NASDAQ:WING)‘s stock had its “overweight” rating restated by analysts at Morgan Stanley in a note issued to investors on Monday, Marketbeat.com reports. They presently have a $367.00 target price on the restaurant operator’s stock, up from their prior target price of $350.00. Morgan Stanley’s target price would suggest a potential upside of 15.53% from the stock’s previous close.

Other research analysts have also issued research reports about the company. BTIG Research raised their target price on Wingstop from $350.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. Gordon Haskett upgraded Wingstop to a “strong-buy” rating in a research note on Wednesday, April 30th. TD Securities reaffirmed a “buy” rating and set a $440.00 price objective on shares of Wingstop in a report on Tuesday, June 17th. Sanford C. Bernstein reiterated an “overweight” rating and issued a $360.00 target price on shares of Wingstop in a report on Wednesday, May 14th. Finally, Jefferies Financial Group raised shares of Wingstop from a “hold” rating to a “buy” rating and set a $270.00 price target on the stock in a research report on Monday, March 31st. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $353.40.

Wingstop Trading Down 0.2%

WING opened at $317.66 on Monday. Wingstop has a 1-year low of $204.00 and a 1-year high of $433.86. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 53.21, a PEG ratio of 4.45 and a beta of 1.84. The company’s fifty day moving average price is $334.76 and its two-hundred day moving average price is $282.07.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 EPS for the quarter, topping the consensus estimate of $0.84 by $0.15. Wingstop had a net margin of 26.45% and a negative return on equity of 18.85%. The company had revenue of $171.09 million during the quarter, compared to the consensus estimate of $172.25 million. During the same period in the previous year, the firm posted $0.98 earnings per share. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. As a group, equities analysts forecast that Wingstop will post 4.18 earnings per share for the current fiscal year.

Insider Transactions at Wingstop

In other news, SVP Raj Kapoor sold 637 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $273.07, for a total value of $173,945.59. Following the sale, the senior vice president owned 517 shares of the company’s stock, valued at $141,177.19. The trade was a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Skipworth sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $337.34, for a total transaction of $3,373,400.00. Following the sale, the chief executive officer owned 47,190 shares in the company, valued at $15,919,074.60. The trade was a 17.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Institutional Trading of Wingstop

A number of large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in shares of Wingstop by 521.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 73 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Wingstop by 93.9% during the 1st 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 in the last quarter. Signaturefd LLC increased its stake in Wingstop by 106.9% in the first quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 77 shares during the last quarter. True Wealth Design LLC increased its stake in Wingstop by 62.1% in the fourth quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator’s stock valued at $40,000 after acquiring an additional 54 shares during the last quarter. Finally, Quarry LP purchased a new stake in Wingstop during the fourth quarter valued at about $41,000.

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.