Wingstop (NASDAQ:WING) Given New $350.00 Price Target at Robert W. Baird

Wingstop (NASDAQ:WING) had its price objective lowered by equities researchers at Robert W. Baird from $375.00 to $350.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Robert W. Baird’s price target would indicate a potential upside of 50.63% from the stock’s current price.

Several other equities research analysts also recently commented on the company. Northcoast Research downgraded Wingstop from a “buy” rating to a “neutral” rating in a report on Friday, February 21st. Jefferies Financial Group raised shares of Wingstop from a “hold” rating to a “buy” rating and set a $270.00 price target on the stock in a report on Monday, March 31st. Guggenheim upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $280.00 price target for the company in a research note on Monday, February 24th. Barclays lowered their price objective on shares of Wingstop from $359.00 to $315.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Finally, Morgan Stanley cut their target price on shares of Wingstop from $389.00 to $375.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $348.23.

Wingstop Stock Performance

Shares of WING stock opened at $232.36 on Monday. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 62.63, a price-to-earnings-growth ratio of 2.27 and a beta of 2.01. Wingstop has a one year low of $205.60 and a one year high of $433.86. The company’s 50-day moving average is $252.80 and its 200 day moving average is $305.95.

Institutional Trading of Wingstop

Several institutional investors and hedge funds have recently added to or reduced their stakes in WING. Proficio Capital Partners LLC bought a new stake in shares of Wingstop during the fourth quarter valued at approximately $10,177,000. SG Americas Securities LLC boosted its holdings in shares of Wingstop by 277.5% during the 4th quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator’s stock valued at $1,356,000 after purchasing an additional 3,507 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of Wingstop by 779.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator’s stock valued at $5,247,000 after purchasing an additional 16,361 shares during the last quarter. Los Angeles Capital Management LLC grew its position in shares of Wingstop by 475.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator’s stock valued at $19,676,000 after purchasing an additional 57,193 shares in the last quarter. Finally, Conway Capital Management Inc. bought a new stake in shares of Wingstop in the third quarter worth about $3,544,000.

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.