Wingstop (NASDAQ:WING) Price Target Cut to $355.00 by Analysts at Wedbush

Wingstop (NASDAQ:WING) had its target price decreased by equities research analysts at Wedbush from $390.00 to $355.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Wedbush’s target price points to a potential upside of 33.95% from the stock’s current price. Wedbush also issued estimates for Wingstop’s Q1 2025 earnings at $1.05 EPS, Q2 2025 earnings at $1.09 EPS, Q3 2025 earnings at $1.11 EPS, FY2025 earnings at $4.35 EPS and FY2025 earnings at $4.35 EPS.

Several other analysts also recently commented on WING. Piper Sandler decreased their target price on shares of Wingstop from $375.00 to $300.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. TD Cowen lowered their price objective on shares of Wingstop from $450.00 to $365.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. The Goldman Sachs Group raised Wingstop from a “neutral” rating to a “buy” rating and cut their price target for the company from $458.00 to $377.00 in a report on Friday, November 8th. Barclays decreased their target price on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Finally, Stephens reiterated an “overweight” rating and set a $450.00 price objective on shares of Wingstop in a research note on Wednesday. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $378.68.

Wingstop Stock Performance

NASDAQ WING opened at $265.02 on Thursday. Wingstop has a twelve month low of $258.50 and a twelve month high of $433.86. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 77.27, a PEG ratio of 2.75 and a beta of 1.81. The firm’s 50 day moving average price is $291.76 and its two-hundred day moving average price is $341.94.

Wingstop declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to buy up to 5.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Wingstop

In other news, SVP Raj Kapoor sold 266 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $324.38, for a total transaction of $86,285.08. Following the completion of the transaction, the senior vice president now owns 266 shares of the company’s stock, valued at approximately $86,285.08. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Wingstop

Several institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in Wingstop by 384.6% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $53,000 after purchasing an additional 100 shares in the last quarter. Raymond James & Associates raised its holdings in Wingstop by 104.0% in the 3rd quarter. Raymond James & Associates now owns 49,908 shares of the restaurant operator’s stock worth $20,766,000 after acquiring an additional 25,440 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Wingstop by 41,244.9% in the 3rd quarter. International Assets Investment Management LLC now owns 65,325 shares of the restaurant operator’s stock worth $27,180,000 after buying an additional 65,167 shares in the last quarter. NorthCrest Asset Manangement LLC raised its holdings in shares of Wingstop by 5.7% during the third quarter. NorthCrest Asset Manangement LLC now owns 5,941 shares of the restaurant operator’s stock valued at $2,472,000 after purchasing an additional 322 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in Wingstop during the third quarter valued at $224,000.

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.