Analysts Set Wingstop Inc. (NASDAQ:WING) Price Target at $366.73

Shares of Wingstop Inc. (NASDAQ:WING) have been given an average recommendation of “Moderate Buy” by the thirty-two analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $360.9259.

WING has been the topic of a number of recent research reports. William Blair initiated coverage on Wingstop in a research note on Wednesday, July 9th. They set an “outperform” rating on the stock. Wall Street Zen lowered Wingstop from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Bank of America cut their price target on Wingstop from $430.00 to $420.00 and set a “buy” rating on the stock in a research note on Friday, July 18th. Melius started coverage on Wingstop in a report on Monday, July 14th. They issued a “hold” rating and a $350.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Wingstop in a report on Wednesday, October 8th.

Insider Buying and Selling

In related news, CEO Michael Skipworth sold 4,500 shares of Wingstop stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $370.34, for a total value of $1,666,530.00. Following the transaction, the chief executive officer directly owned 42,777 shares of the company’s stock, valued at $15,842,034.18. The trade was a 9.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Alex Kaleida sold 5,400 shares of Wingstop stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $376.09, for a total value of $2,030,886.00. Following the completion of the transaction, the chief financial officer directly owned 8,362 shares in the company, valued at approximately $3,144,864.58. This represents a 39.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,838 shares of company stock valued at $8,118,535 over the last ninety days. 0.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wingstop

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Freedom Investment Management Inc. lifted its stake in shares of Wingstop by 2.2% in the 2nd quarter. Freedom Investment Management Inc. now owns 1,371 shares of the restaurant operator’s stock valued at $462,000 after purchasing an additional 30 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Wingstop by 16.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 223 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 32 shares during the period. Parallel Advisors LLC increased its position in Wingstop by 22.3% during the 2nd quarter. Parallel Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $61,000 after buying an additional 33 shares in the last quarter. Wedmont Private Capital increased its position in Wingstop by 2.9% during the 2nd quarter. Wedmont Private Capital now owns 1,165 shares of the restaurant operator’s stock valued at $389,000 after buying an additional 33 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in Wingstop by 0.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,569 shares of the restaurant operator’s stock valued at $2,212,000 after buying an additional 34 shares in the last quarter.

Wingstop Stock Down 1.6%

NASDAQ:WING opened at $254.97 on Tuesday. The stock’s 50-day simple moving average is $277.06 and its 200 day simple moving average is $300.49. The firm has a market capitalization of $7.12 billion, a PE ratio of 42.50, a price-to-earnings-growth ratio of 3.32 and a beta of 1.78. Wingstop has a twelve month low of $204.00 and a twelve month high of $388.14.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, July 30th. The restaurant operator reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.12. The business had revenue of $174.33 million for the quarter, compared to analyst estimates of $172.60 million. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%.Wingstop’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. On average, analysts anticipate that Wingstop will post 4.18 EPS for the current fiscal year.

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.