Wingstop (NASDAQ:WING) Price Target Raised to $418.00

Wingstop (NASDAQ:WING) had its price objective increased by equities researchers at Barclays from $350.00 to $418.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the restaurant operator’s stock. Barclays‘s target price points to a potential upside of 7.58% from the stock’s current price.

WING has been the topic of several other reports. Jefferies Financial Group boosted their target price on Wingstop from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Citigroup raised their price objective on Wingstop from $320.00 to $375.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Stifel Nicolaus increased their price target on shares of Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Morgan Stanley boosted their price objective on shares of Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Finally, Wedbush raised their target price on shares of Wingstop from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $330.39.

Wingstop Price Performance

Wingstop stock traded up $7.01 during trading hours on Thursday, reaching $388.55. The company had a trading volume of 510,680 shares, compared to its average volume of 532,882. The company has a 50-day moving average price of $360.49 and a 200 day moving average price of $288.00. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 138.27, a P/E/G ratio of 6.30 and a beta of 1.67. Wingstop has a 12-month low of $150.08 and a 12-month high of $396.00.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.22. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The firm had revenue of $145.70 million for the quarter, compared to analysts’ expectations of $136.34 million. During the same period in the previous year, the firm earned $0.59 earnings per share. The business’s revenue was up 34.0% compared to the same quarter last year. As a group, research analysts expect that Wingstop will post 3.15 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $371.96, for a total transaction of $961,888.56. Following the completion of the sale, the senior vice president now owns 1,646 shares in the company, valued at $612,246.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Wingstop news, Director Kilandigalu Madati sold 1,472 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total value of $500,288.64. Following the transaction, the director now directly owns 5,450 shares in the company, valued at $1,852,291.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Marisa Carona sold 2,586 shares of Wingstop stock in a transaction on Friday, March 8th. The stock was sold at an average price of $371.96, for a total transaction of $961,888.56. Following the transaction, the senior vice president now owns 1,646 shares in the company, valued at approximately $612,246.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,901 shares of company stock valued at $5,120,605. Company insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Wingstop

A number of institutional investors have recently bought and sold shares of WING. Congress Asset Management Co. MA grew its holdings in Wingstop by 0.3% during the fourth quarter. Congress Asset Management Co. MA now owns 11,380 shares of the restaurant operator’s stock valued at $2,920,000 after purchasing an additional 34 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Wingstop by 16.9% during the 4th quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock valued at $67,000 after acquiring an additional 38 shares during the period. Kovack Advisors Inc. increased its holdings in Wingstop by 1.7% in the 4th quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator’s stock worth $595,000 after acquiring an additional 39 shares in the last quarter. GAMMA Investing LLC raised its stake in Wingstop by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 40 shares during the period. Finally, Treasurer of the State of North Carolina raised its stake in Wingstop by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 13,150 shares of the restaurant operator’s stock worth $2,365,000 after acquiring an additional 60 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.