Wingstop Inc. (NASDAQ:WING) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Wingstop Inc. (NASDAQ:WING) have earned an average recommendation of “Moderate Buy” from the thirty-three analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have given a buy rating and four have issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $340.00.

Several research firms have issued reports on WING. Truist Financial cut their price target on shares of Wingstop from $400.00 to $365.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Wingstop in a research note on Monday, December 29th. Royal Bank Of Canada lifted their price target on Wingstop from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Sanford C. Bernstein dropped their price objective on Wingstop from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Finally, The Goldman Sachs Group reduced their target price on Wingstop from $370.00 to $330.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th.

Wingstop Trading Up 0.5%

Shares of WING stock opened at $266.66 on Thursday. The firm’s fifty day moving average price is $260.25 and its two-hundred day moving average price is $273.48. Wingstop has a 1 year low of $204.00 and a 1 year high of $388.14. The firm has a market capitalization of $7.41 billion, a P/E ratio of 43.43, a PEG ratio of 3.33 and a beta of 1.80.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.18. Wingstop had a negative return on equity of 16.17% and a net margin of 25.51%.The company had revenue of $175.74 million during the quarter, compared to analysts’ expectations of $189.10 million. During the same quarter last year, the company earned $0.88 EPS. Wingstop’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities research analysts forecast that Wingstop will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Wingstop news, Director Kilandigalu Madati sold 269 shares of Wingstop stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $259.97, for a total transaction of $69,931.93. Following the completion of the transaction, the director directly owned 5,283 shares of the company’s stock, valued at $1,373,421.51. The trade was a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WING. Cornerstone Planning Group LLC lifted its position in Wingstop by 1,650.0% during the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 99 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in Wingstop by 197.9% during the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 95 shares during the last quarter. Quaker Wealth Management LLC boosted its stake 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 period. CBIZ Investment Advisory Services LLC grew its holdings in Wingstop by 54.3% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 50 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new position in Wingstop during the 2nd quarter worth $43,000.

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.