UBS Group Lowers Wingstop (NASDAQ:WING) Price Target to $160.00

Wingstop (NASDAQ:WING) had its target price dropped by equities researchers at UBS Group from $210.00 to $160.00 in a research report issued on Tuesday,MarketScreener reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s target price suggests a potential upside of 9.17% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Benchmark decreased their price target on shares of Wingstop from $320.00 to $285.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Piper Sandler raised Wingstop from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $283.00 to $190.00 in a research report on Thursday, April 2nd. TD Cowen reissued a “hold” rating and set a $160.00 price objective on shares of Wingstop in a research report on Thursday, June 4th. Guggenheim cut their target price on shares of Wingstop from $255.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Finally, DA Davidson reiterated a “buy” rating and issued a $250.00 price target on shares of Wingstop in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $274.82.

Wingstop Trading Up 2.2%

WING stock opened at $146.56 on Tuesday. The company has a market capitalization of $3.99 billion, a PE ratio of 35.49, a P/E/G ratio of 1.59 and a beta of 1.82. Wingstop has a 12-month low of $116.35 and a 12-month high of $388.14. The business’s fifty day moving average price is $156.71 and its 200 day moving average price is $215.14.

Wingstop (NASDAQ:WING) last released 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. The company had revenue of $183.73 million during the quarter, compared to the consensus estimate of $187.82 million. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.Wingstop’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. Research analysts predict that Wingstop will post 4.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Wingstop

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. raised its holdings in Wingstop by 76.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 60 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Wingstop by 197.9% in the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 95 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Wingstop by 54.3% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 50 shares in the last quarter. GW&K Investment Management LLC grew its position in shares of Wingstop by 75.7% in the 4th quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock valued at $45,000 after buying an additional 81 shares during the last quarter. Finally, Pinnacle Holdings LLC purchased a new position in shares of Wingstop in the 3rd quarter valued at $47,000.

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.