Brokerages Set Wingstop Inc. (NASDAQ:WING) PT at $383.32

Shares of Wingstop Inc. (NASDAQ:WING) have been assigned an average rating of “Moderate Buy” from the eighteen analysts that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $384.72.

A number of equities analysts recently commented on the stock. Northcoast Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 target price on the stock in a research report on Friday, November 1st. Stephens reiterated an “overweight” rating and issued a $450.00 target price on shares of Wingstop in a research report on Wednesday. Benchmark upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $340.00 target price on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $458.00 to $377.00 in a research report on Friday, November 8th. Finally, Raymond James reiterated an “outperform” rating and issued a $330.00 target price (down previously from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th.

Insider Activity

In other news, SVP Raj Kapoor sold 266 shares of Wingstop stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $324.38, for a total transaction of $86,285.08. Following the sale, the senior vice president now owns 266 shares of the company’s stock, valued at approximately $86,285.08. The trade was a 50.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Wingstop

A number of large investors have recently modified their holdings of WING. Vise Technologies Inc. boosted its stake in Wingstop by 57.1% during the fourth quarter. Vise Technologies Inc. now owns 949 shares of the restaurant operator’s stock worth $270,000 after acquiring an additional 345 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Wingstop by 15.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,502 shares of the restaurant operator’s stock worth $24,868,000 after acquiring an additional 11,577 shares in the last quarter. Twinbeech Capital LP boosted its stake in Wingstop by 130.5% during the fourth quarter. Twinbeech Capital LP now owns 36,202 shares of the restaurant operator’s stock worth $10,289,000 after acquiring an additional 20,493 shares in the last quarter. Tidal Investments LLC boosted its stake in Wingstop by 4.9% during the fourth quarter. Tidal Investments LLC now owns 795 shares of the restaurant operator’s stock worth $226,000 after acquiring an additional 37 shares in the last quarter. Finally, Teza Capital Management LLC boosted its stake in Wingstop by 29.9% during the fourth quarter. Teza Capital Management LLC now owns 3,075 shares of the restaurant operator’s stock worth $874,000 after acquiring an additional 707 shares in the last quarter.

Wingstop Stock Performance

Wingstop stock opened at $265.02 on Thursday. The firm’s fifty day moving average price is $291.76 and its 200-day moving average price is $341.94. The stock has a market cap of $7.74 billion, a P/E ratio of 77.27, a price-to-earnings-growth ratio of 2.74 and a beta of 1.81. Wingstop has a fifty-two week low of $258.50 and a fifty-two week high of $433.86.

Wingstop announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to reacquire up to 5.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

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.