Wingstop (NASDAQ:WING) Price Target Lowered to $355.00 at Wedbush

Wingstop (NASDAQ:WING) had its target price decreased by stock analysts at Wedbush from $390.00 to $355.00 in a report issued on Thursday, MarketBeat reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Wedbush’s price objective would indicate a potential upside of 51.70% from the company’s previous close. Wedbush also issued estimates for Wingstop’s Q1 2025 earnings at $1.05 EPS, Q1 2025 earnings at $0.93 EPS, Q2 2025 earnings at $1.09 EPS, Q3 2025 earnings at $1.11 EPS, Q3 2025 earnings at $0.96 EPS, FY2025 earnings at $4.35 EPS, FY2025 earnings at $4.35 EPS, Q1 2026 earnings at $1.14 EPS, Q2 2026 earnings at $1.09 EPS, Q3 2026 earnings at $1.16 EPS, Q4 2026 earnings at $1.21 EPS and FY2026 earnings at $4.64 EPS.

A number of other brokerages have also recently commented on WING. Northcoast Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 target price for the company in a research report on Friday, November 1st. Benchmark upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 target price for the company in a research report on Thursday, October 31st. BTIG Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 target price for the company in a research report on Thursday, October 31st. Stephens restated an “overweight” rating and set a $450.00 price objective on shares of Wingstop in a research report on Wednesday. Finally, Raymond James restated an “outperform” rating and set a $330.00 price objective (down from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $367.05.

Wingstop Stock Down 5.3 %

Shares of NASDAQ WING opened at $234.02 on Thursday. The firm has a 50-day simple moving average of $288.89 and a 200-day simple moving average of $340.46. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 63.08, a price-to-earnings-growth ratio of 2.38 and a beta of 1.81. Wingstop has a 52 week low of $232.19 and a 52 week high of $433.86.

Wingstop announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 5th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the restaurant operator to repurchase up to 5.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Wingstop

In other news, SVP Raj Kapoor sold 266 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $324.38, for a total value of $86,285.08. Following the completion of the transaction, the senior vice president now owns 266 shares of the company’s stock, valued at approximately $86,285.08. This trade represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. boosted its stake in shares of Wingstop by 1.9% in the fourth quarter. American Century Companies Inc. now owns 1,206,062 shares of the restaurant operator’s stock valued at $342,763,000 after purchasing an additional 22,552 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Wingstop by 29.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,150,217 shares of the restaurant operator’s stock valued at $326,893,000 after purchasing an additional 262,229 shares during the period. State Street Corp boosted its stake in shares of Wingstop by 1.5% in the third quarter. State Street Corp now owns 861,783 shares of the restaurant operator’s stock valued at $358,571,000 after purchasing an additional 12,549 shares during the period. Franklin Resources Inc. boosted its stake in shares of Wingstop by 0.9% in the third quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator’s stock valued at $326,020,000 after purchasing an additional 7,204 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Wingstop by 23.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator’s stock valued at $227,852,000 after purchasing an additional 154,055 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.