Wingstop (NASDAQ:WING) Earns “Overweight” Rating from Stephens

Wingstop (NASDAQ:WING)‘s stock had its “overweight” rating restated by Stephens in a report released on Wednesday, Benzinga reports. They presently have a $475.00 target price on the restaurant operator’s stock. Stephens’ price target suggests a potential upside of 26.47% from the company’s current price.

A number of other brokerages have also recently weighed in on WING. Stifel Nicolaus increased their price target on Wingstop from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. TD Cowen reaffirmed a “buy” rating and set a $450.00 price target on shares of Wingstop in a research note on Wednesday, July 31st. Robert W. Baird raised their price objective on Wingstop from $390.00 to $405.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Truist Financial increased their target price on Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, Benchmark reiterated a “hold” rating on shares of Wingstop in a report on Thursday, May 2nd. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $378.65.

Wingstop Trading Up 0.2 %

NASDAQ WING traded up $0.90 on Wednesday, hitting $375.59. 131,030 shares of the stock traded hands, compared to its average volume of 460,919. The stock has a 50-day moving average of $391.70 and a 200 day moving average of $367.06. Wingstop has a twelve month low of $150.08 and a twelve month high of $431.03. The company has a market capitalization of $11.00 billion, a P/E ratio of 133.54, a price-to-earnings-growth ratio of 3.79 and a beta of 1.70.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The firm had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $146.04 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Wingstop’s revenue for the quarter was up 45.3% compared to the same quarter last year. As a group, equities research analysts expect that Wingstop will post 3.7 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Donnie Upshaw sold 3,199 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total value of $1,192,299.29. Following the completion of the transaction, the senior vice president now owns 97 shares of the company’s stock, valued at approximately $36,152.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Donnie Upshaw sold 3,199 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total value of $1,192,299.29. Following the completion of the transaction, the senior vice president now directly owns 97 shares of the company’s stock, valued at approximately $36,152.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kilandigalu Madati sold 645 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $395.74, for a total transaction of $255,252.30. Following the sale, the director now directly owns 5,147 shares in the company, valued at $2,036,873.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,410 shares of company stock valued at $1,663,147. Company insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. boosted its position in shares of Wingstop by 155.7% during the 4th quarter. Franklin Resources Inc. now owns 873,385 shares of the restaurant operator’s stock worth $224,093,000 after acquiring an additional 531,880 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Wingstop during the 4th quarter worth approximately $103,899,000. Norges Bank acquired a new stake in shares of Wingstop during the 4th quarter worth approximately $80,423,000. 1832 Asset Management L.P. acquired a new stake in shares of Wingstop during the 4th quarter worth approximately $78,616,000. Finally, Renaissance Technologies LLC lifted its stake in Wingstop by 36.6% in the 2nd quarter. Renaissance Technologies LLC now owns 602,990 shares of the restaurant operator’s stock valued at $254,860,000 after purchasing an additional 161,600 shares during the last quarter.

About Wingstop

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.