Wingstop (NASDAQ:WING) Given New $208.00 Price Target at Citigroup

Wingstop (NASDAQ:WING) had its price target reduced by investment analysts at Citigroup from $237.00 to $208.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price objective indicates a potential upside of 56.22% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Raymond James Financial upgraded shares of Wingstop from an “outperform” rating to a “strong-buy” rating and dropped their target price for the stock from $325.00 to $240.00 in a report on Thursday, April 2nd. Weiss Ratings lowered Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. BTIG Research dropped their price objective on Wingstop from $305.00 to $265.00 and set a “buy” rating for the company in a report on Thursday. The Goldman Sachs Group cut Wingstop from a “buy” rating to a “neutral” rating and reduced their target price for the company from $290.00 to $190.00 in a research note on Thursday, April 30th. Finally, Stephens restated an “overweight” rating and issued a $200.00 price objective on shares of Wingstop in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $250.52.

Wingstop Stock Performance

Shares of NASDAQ WING traded down $6.30 during mid-day trading on Thursday, hitting $133.15. The stock had a trading volume of 1,307,846 shares, compared to its average volume of 1,158,615. The business has a 50 day moving average price of $152.29 and a two-hundred day moving average price of $189.66. Wingstop has a 1 year low of $116.35 and a 1 year high of $381.45. The firm has a market cap of $3.63 billion, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 1.62 and a beta of 1.79.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The business had revenue of $185.56 million for the quarter, compared to analyst estimates of $190.25 million. During the same quarter last year, the firm earned $1.00 EPS. The company’s revenue was up 6.5% on a year-over-year basis. Equities research analysts predict that Wingstop will post 4.55 EPS for the current fiscal year.

Institutional Trading of Wingstop

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. increased its stake in shares of Wingstop by 76.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 60 shares in the last quarter. Rakuten Securities Inc. boosted its stake in Wingstop by 197.9% during the fourth quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 95 shares in the last quarter. GW&K Investment Management LLC grew its holdings in Wingstop by 75.7% in the fourth quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock worth $45,000 after purchasing an additional 81 shares during the period. Harbor Investment Advisory LLC purchased a new stake in shares of Wingstop in the 2nd quarter worth approximately $46,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Wingstop by 121.4% in the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock worth $49,000 after acquiring an additional 119 shares during the last quarter.

Wingstop News Summary

Here are the key news stories impacting Wingstop this week:

• Positive Sentiment: Second-quarter adjusted earnings were $1.18 per share, ahead of the $1.02 analyst consensus and up from $1.00 a year earlier. Revenue increased 6.5% year over year to $185.56 million. Wingstop Tops Q2 Earnings Estimates
• Positive Sentiment: Wingstop opened 102 net new locations during the quarter, resulting in 16% unit growth. Management reiterated its target for 15% to 16% global unit growth, supporting the company’s longer-term expansion story. Wingstop Fiscal Second-Quarter Results
• Positive Sentiment: The company raised its quarterly dividend 10% to $0.33 per share, although the annualized yield remains modest at approximately 0.9%. Wingstop Declares Dividend
• Neutral Sentiment: Stephens reaffirmed an “overweight” rating with a $200 price target, indicating continued confidence in Wingstop’s long-term growth potential. Stephens Rating Update
• Negative Sentiment: Management expects domestic same-store sales to decline 4% to 6% in 2026. It attributed recent weakness to pressure on consumer spending and said improved value messaging may be needed to restore traffic. Wingstop Same-Store Sales Outlook
• Negative Sentiment: Quarterly revenue fell short of expectations of $190.25 million, and analysts lowered price targets: Wells Fargo cut its target to $165 while BTIG reduced its target to $265, though both maintained bullish ratings. The combination of weak traffic trends and target reductions is weighing on sentiment. Analyst Price Target Updates

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.