Wingstop (NASDAQ:WING) Now Covered by Analysts at DA Davidson

Equities researchers at DA Davidson assumed coverage on shares of Wingstop (NASDAQ:WING) in a research report issued on Friday,Benzinga reports. The brokerage set a “buy” rating and a $330.00 price target on the restaurant operator’s stock. DA Davidson’s price target would indicate a potential upside of 39.56% from the stock’s current price.

WING has been the subject of a number of other research reports. Royal Bank Of Canada cut their price objective on Wingstop from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. Morgan Stanley dropped their price target on Wingstop from $363.00 to $345.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Truist Financial set a $374.00 price objective on Wingstop and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Loop Capital assumed coverage on Wingstop in a research report on Friday, January 9th. They set a “buy” rating and a $317.00 target price for the company. Finally, Stephens restated an “overweight” rating and issued a $375.00 price target on shares of Wingstop in a research report on Thursday, February 19th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Wingstop has an average rating of “Moderate Buy” and an average price target of $335.86.

Wingstop Stock Down 1.2%

Shares of Wingstop stock opened at $236.46 on Friday. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 2.62 and a beta of 1.82. The stock’s 50-day simple moving average is $259.91 and its 200-day simple moving average is $262.11. Wingstop has a 52 week low of $204.00 and a 52 week high of $388.14.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.16. Wingstop had a net margin of 25.01% and a negative return on equity of 16.12%. The firm had revenue of $175.69 million for the quarter, compared to analysts’ expectations of $177.74 million. During the same quarter last year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Wingstop will post 4.18 earnings per share for the current year.

Insider Buying and Selling at Wingstop

In other news, Director Kilandigalu Madati sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total value of $703,971.00. Following the completion of the sale, the director owned 2,583 shares in the company, valued at approximately $673,465.59. This trade represents a 51.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wesley S. Mcdonald sold 566 shares of Wingstop stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $250.00, for a total transaction of $141,500.00. Following the transaction, the director directly owned 4,375 shares of the company’s stock, valued at approximately $1,093,750. This represents a 11.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.72% of the stock is owned by insiders.

Institutional Trading of Wingstop

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its position in shares of Wingstop by 1,650.0% during the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 99 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of Wingstop by 76.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after buying an additional 60 shares during the period. Rakuten Securities Inc. lifted its stake in shares of Wingstop by 197.9% during the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 95 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in Wingstop by 54.3% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 50 shares during the period. Finally, GW&K Investment Management LLC boosted its holdings in Wingstop by 75.7% during the 4th quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock valued at $45,000 after acquiring an additional 81 shares during the period.

Wingstop Company Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.