TD Cowen Reiterates “Hold” Rating for Wingstop (NASDAQ:WING)

Wingstop (NASDAQ:WING)‘s stock had its “hold” rating reiterated by investment analysts at TD Cowen in a research report issued on Thursday,Benzinga reports. They presently have a $160.00 target price on the restaurant operator’s stock. TD Cowen’s target price indicates a potential upside of 11.05% from the company’s current price.

Other analysts have also recently issued research reports about the company. Guggenheim lowered their price objective on Wingstop from $255.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, May 4th. BTIG Research reiterated a “buy” rating and issued a $305.00 price target on shares of Wingstop in a research note on Thursday, May 28th. Raymond James Financial raised Wingstop from an “outperform” rating to a “strong-buy” rating and lowered their price target for the stock from $325.00 to $240.00 in a report on Thursday, April 2nd. Morgan Stanley restated an “overweight” rating and set a $255.00 price target on shares of Wingstop in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada dropped their price target on Wingstop from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Wingstop presently has an average rating of “Moderate Buy” and a consensus price target of $277.68.

Wingstop Stock Up 0.0%

Shares of NASDAQ WING traded up $0.03 during trading hours on Thursday, hitting $144.08. 88,210 shares of the stock were exchanged, compared to its average volume of 1,143,970. The company has a market cap of $3.92 billion, a PE ratio of 36.02, a PEG ratio of 1.68 and a beta of 1.82. The firm has a fifty day moving average price of $157.99 and a 200-day moving average price of $216.98. Wingstop has a 12 month low of $116.35 and a 12 month high of $388.14.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The company had revenue of $183.73 million during the quarter, compared to the consensus estimate of $187.82 million. During the same period last year, the firm earned $0.99 earnings per share. Wingstop’s revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts anticipate that Wingstop will post 4.59 earnings per share for the current fiscal year.

Institutional Trading of Wingstop

Several large investors have recently added to or reduced their stakes in WING. Lone Pine Capital LLC purchased a new stake in shares of Wingstop in the 3rd quarter valued at $375,317,000. TD Asset Management Inc raised its stake in shares of Wingstop by 17.1% during the 3rd quarter. TD Asset Management Inc now owns 57,586 shares of the restaurant operator’s stock valued at $14,493,000 after buying an additional 8,414 shares during the last quarter. Capital World Investors raised its stake in shares of Wingstop by 160.6% during the 3rd quarter. Capital World Investors now owns 740,896 shares of the restaurant operator’s stock valued at $186,469,000 after buying an additional 456,637 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Wingstop by 553.3% in the 4th quarter. SG Americas Securities LLC now owns 41,349 shares of the restaurant operator’s stock valued at $9,861,000 after buying an additional 35,020 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Wingstop by 74.4% in the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 18,990 shares of the restaurant operator’s stock valued at $4,779,000 after buying an additional 8,103 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.