Wingstop Inc. (NASDAQ:WING) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Wingstop Inc. (NASDAQ:WING) have been assigned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $383.32.

Several research firms have recently issued reports on WING. TD Cowen reduced their target price on shares of Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Barclays cut their price objective on Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group raised Wingstop from a “neutral” rating to a “buy” rating and decreased their target price for the company from $458.00 to $377.00 in a research report on Friday, November 8th. BTIG Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 target price on the stock in a research note on Thursday, October 31st. Finally, Benchmark upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price target for the company in a research report on Thursday, October 31st.

Insider Buying and Selling

In related news, SVP Raj Kapoor sold 266 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $324.38, for a total transaction of $86,285.08. Following the completion of the transaction, the senior vice president now directly owns 266 shares in the company, valued at $86,285.08. The trade was a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is currently owned by company insiders.

Institutional Trading of Wingstop

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its stake in Wingstop by 521.4% in the fourth 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 in the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in shares of Wingstop by 62.5% in the 4th 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. SBI Securities Co. Ltd. purchased a new stake in shares of Wingstop during the 4th quarter valued at $30,000. True Wealth Design LLC bought a new stake in shares of Wingstop during the 3rd quarter worth $36,000. Finally, V Square Quantitative Management LLC grew its position in Wingstop by 34.9% in the fourth quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 37 shares in the last quarter.

Wingstop Trading Up 1.5 %

Shares of Wingstop stock opened at $304.32 on Thursday. The company has a market capitalization of $8.89 billion, a P/E ratio of 88.72, a price-to-earnings-growth ratio of 2.76 and a beta of 1.81. The stock has a fifty day simple moving average of $295.19 and a 200 day simple moving average of $344.46. Wingstop has a 12-month low of $266.45 and a 12-month high of $433.86.

Wingstop declared that its board has authorized 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 buy up to 5.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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.