Wingstop (NASDAQ:WING) Price Target Lowered to $160.00 at TD Cowen

Wingstop (NASDAQ:WING) had its price objective reduced by stock analysts at TD Cowen from $175.00 to $160.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the restaurant operator’s stock. TD Cowen’s price target indicates a potential upside of 13.77% from the stock’s current price.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group downgraded shares of Wingstop from a “buy” rating to a “neutral” rating and lowered their target price for the company from $290.00 to $190.00 in a report on Thursday, April 30th. DA Davidson reaffirmed a “buy” rating and issued a $250.00 target price on shares of Wingstop in a report on Monday, April 20th. Weiss Ratings downgraded shares of Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Wolfe Research started coverage on shares of Wingstop in a report on Monday, March 9th. They issued an “outperform” rating and a $320.00 target price on the stock. Finally, Stephens decreased their price objective on shares of Wingstop from $300.00 to $225.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Wingstop presently has a consensus rating of “Moderate Buy” and a consensus target price of $277.68.

Wingstop Stock Up 0.2%

Shares of NASDAQ:WING opened at $140.63 on Wednesday. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 1.57 and a beta of 1.86. The firm’s 50-day simple moving average is $162.53 and its 200-day simple moving average is $220.61. Wingstop has a fifty-two week low of $116.35 and a fifty-two week high of $388.14.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. The business had revenue of $183.73 million for the quarter, compared to the consensus estimate of $187.82 million. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 earnings per share. On average, research analysts forecast that Wingstop will post 4.59 EPS for the current year.

Institutional Trading of Wingstop

Institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Planning Group LLC lifted its holdings in shares of Wingstop by 1,650.0% in the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Wingstop by 76.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 60 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Wingstop by 54.3% in the third quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 50 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in shares of Wingstop by 197.9% in the fourth quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 95 shares in the last quarter. Finally, Pinnacle Holdings LLC purchased a new stake in shares of Wingstop in the third quarter valued at about $47,000.

Wingstop Company Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.