Wingstop (NASDAQ:WING) Given Overweight Rating at Stephens

Wingstop (NASDAQ:WING)‘s stock had its “overweight” rating reiterated by equities researchers at Stephens in a note issued to investors on Tuesday,Benzinga reports. They currently have a $375.00 target price on the restaurant operator’s stock. Stephens’ price objective would suggest a potential upside of 75.18% from the stock’s previous close.

A number of other analysts have also issued reports on the company. Wedbush reaffirmed an “outperform” rating on shares of Wingstop in a report on Wednesday, September 17th. Melius began coverage on Wingstop in a report on Monday, July 14th. They issued a “hold” rating and a $350.00 target price on the stock. Sanford C. Bernstein reiterated an “overweight” rating and issued a $440.00 price objective on shares of Wingstop in a research report on Thursday, July 31st. Guggenheim raised their price objective on Wingstop from $325.00 to $410.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group reduced their price objective on Wingstop from $430.00 to $370.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. Five investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $354.60.

Wingstop Price Performance

Shares of WING stock opened at $214.07 on Tuesday. The firm has a market cap of $5.98 billion, a P/E ratio of 35.68, a PEG ratio of 3.03 and a beta of 1.73. The stock’s 50-day moving average is $267.16 and its two-hundred day moving average is $300.95. Wingstop has a fifty-two week low of $204.00 and a fifty-two week high of $388.14.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.13. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%. As a group, research analysts expect that Wingstop will post 4.18 EPS for the current year.

Hedge Funds Weigh In On Wingstop

Several institutional investors have recently bought and sold shares of WING. Signaturefd LLC raised its position in Wingstop by 106.9% in the 1st quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 77 shares during the last quarter. Quaker Wealth Management LLC raised its position in Wingstop by 134.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 408 shares during the last quarter. Ameriflex Group Inc. bought a new position in Wingstop in the 2nd quarter valued at $43,000. Hantz Financial Services Inc. raised its position in Wingstop by 4,200.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 126 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Wingstop by 121.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 119 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.