Wingstop (NASDAQ:WING) PT Raised to $325.00 at BMO Capital Markets

Wingstop (NASDAQ:WING) had its target price upped by research analysts at BMO Capital Markets from $275.00 to $325.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “market perform” rating on the restaurant operator’s stock. BMO Capital Markets’ target price points to a potential downside of 16.36% from the stock’s previous close.

Several other research firms have also issued reports on WING. Robert W. Baird raised their price target on shares of Wingstop from $390.00 to $405.00 and gave the stock an “outperform” rating in a report on Thursday. Stifel Nicolaus lifted their target price on shares of Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. TD Cowen reaffirmed a “buy” rating and set a $410.00 price target on shares of Wingstop in a research report on Wednesday. Citigroup lifted their price objective on Wingstop from $320.00 to $375.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Finally, Morgan Stanley boosted their price objective on Wingstop from $280.00 to $315.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $330.39.

Wingstop Trading Up 1.8 %

NASDAQ:WING traded up $7.01 during mid-day trading on Thursday, hitting $388.55. 510,680 shares of the company’s stock were exchanged, compared to its average volume of 532,882. Wingstop has a fifty-two week low of $150.08 and a fifty-two week high of $396.00. The company has a 50 day simple moving average of $360.49 and a 200-day simple moving average of $288.00. The firm has a market capitalization of $11.41 billion, a P/E ratio of 138.27, a PEG ratio of 6.30 and a beta of 1.67.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.22. The company had revenue of $145.70 million for the quarter, compared to analysts’ expectations of $136.34 million. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. Wingstop’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. As a group, analysts expect that Wingstop will post 3.15 earnings per share for the current year.

Insider Buying and Selling at Wingstop

In other news, CEO Michael Skipworth sold 10,843 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the transaction, the chief executive officer now owns 17,107 shares in the company, valued at approximately $5,771,901.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the sale, the chief executive officer now directly owns 17,107 shares in the company, valued at $5,771,901.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kilandigalu Madati sold 1,472 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total value of $500,288.64. Following the completion of the transaction, the director now directly owns 5,450 shares in the company, valued at approximately $1,852,291.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,901 shares of company stock worth $5,120,605. Insiders own 0.36% of the company’s stock.

Institutional Trading of Wingstop

Several hedge funds have recently added to or reduced their stakes in WING. Nisa Investment Advisors LLC grew its position in shares of Wingstop by 542.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,773 shares of the restaurant operator’s stock valued at $2,764,000 after acquiring an additional 9,097 shares during the period. Comerica Bank purchased a new stake in Wingstop in the third quarter worth $4,021,000. Strs Ohio raised its stake in shares of Wingstop by 12.4% in the fourth quarter. Strs Ohio now owns 79,100 shares of the restaurant operator’s stock valued at $20,295,000 after buying an additional 8,700 shares during the period. Teza Capital Management LLC purchased a new position in shares of Wingstop during the 3rd quarter valued at $1,961,000. Finally, Legato Capital Management LLC grew its stake in shares of Wingstop by 5.6% during the 4th quarter. Legato Capital Management LLC now owns 1,605 shares of the restaurant operator’s stock worth $412,000 after acquiring an additional 85 shares during the period.

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.