Wingstop (NASDAQ:WING) Price Target Increased to $393.00 by Analysts at Truist Financial

Wingstop (NASDAQ:WING) had its price objective boosted by analysts at Truist Financial from $345.00 to $393.00 in a research report issued to clients and investors on Monday, Marketbeat reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Truist Financial’s price objective would suggest a potential downside of 6.60% from the company’s previous close.

Several other research analysts have also commented on the stock. Robert W. Baird boosted their price objective on shares of Wingstop from $390.00 to $405.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. BMO Capital Markets upped their price target on shares of Wingstop from $275.00 to $325.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Citigroup upped their price target on shares of Wingstop from $375.00 to $398.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. The Goldman Sachs Group initiated coverage on shares of Wingstop in a research note on Thursday, June 13th. They set a “neutral” rating and a $407.00 price target on the stock. Finally, Jefferies Financial Group upped their price target on shares of Wingstop from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Wingstop presently has a consensus rating of “Hold” and an average target price of $352.39.

Wingstop Trading Down 0.9 %

WING stock opened at $420.78 on Monday. The stock has a market cap of $12.33 billion, a PE ratio of 149.74, a P/E/G ratio of 5.41 and a beta of 1.69. Wingstop has a 12 month low of $150.08 and a 12 month high of $431.03. The company has a 50-day moving average price of $394.95 and a 200 day moving average price of $342.36.

Wingstop (NASDAQ:WING) last released its quarterly earnings data 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 net margin of 16.75% and a negative return on equity of 19.64%. The company had revenue of $145.70 million during the quarter, compared to analysts’ expectations of $136.34 million. During the same period in the previous year, the company earned $0.59 EPS. The firm’s quarterly revenue was up 34.0% on a year-over-year basis. Sell-side analysts forecast that Wingstop will post 3.4 EPS for the current year.

Insider Buying and Selling at Wingstop

In other Wingstop news, SVP Albert G. Mcgrath sold 4,230 shares of Wingstop stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the completion of the sale, the senior vice president now directly owns 8,170 shares in the company, valued at $3,238,588. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Albert G. Mcgrath sold 4,230 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total value of $1,676,772.00. Following the completion of the transaction, the senior vice president now owns 8,170 shares of the company’s stock, valued at $3,238,588. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kate S. Lavelle sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $394.57, for a total transaction of $295,927.50. Following the completion of the transaction, the director now directly owns 3,567 shares of the company’s stock, valued at approximately $1,407,431.19. The disclosure for this sale can be found here. Insiders sold a total of 6,191 shares of company stock worth $2,443,547 over the last three months. Insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wingstop during the 4th quarter worth approximately $28,000. Rise Advisors LLC purchased a new stake in shares of Wingstop during the 1st quarter worth approximately $29,000. FSC Wealth Advisors LLC purchased a new stake in shares of Wingstop during the 4th quarter worth approximately $39,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Wingstop by 60.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after acquiring an additional 35 shares during the period. Finally, GAMMA Investing LLC raised its position in Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 40 shares during the last quarter.

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.