Wingstop (NASDAQ:WING) Price Target Lowered to $255.00 at Guggenheim

Wingstop (NASDAQ:WING) had its price objective decreased by investment analysts at Guggenheim from $315.00 to $255.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Guggenheim’s target price points to a potential upside of 64.55% from the stock’s previous close.

Other analysts have also issued reports about the stock. Citigroup raised their price objective on shares of Wingstop from $267.00 to $286.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Wells Fargo & Company dropped their target price on shares of Wingstop from $330.00 to $225.00 and set an “overweight” rating on the stock in a research note on Tuesday. Wall Street Zen raised shares of Wingstop from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. DA Davidson started coverage on shares of Wingstop in a report on Friday, March 6th. They issued a “buy” rating and a $330.00 price objective for the company. Finally, BNP Paribas Exane started coverage on Wingstop in a research report on Monday. They issued an “outperform” rating and a $275.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Wingstop currently has an average rating of “Moderate Buy” and a consensus price target of $326.86.

Wingstop Trading Up 0.2%

NASDAQ WING opened at $154.97 on Wednesday. Wingstop has a 12 month low of $150.86 and a 12 month high of $388.14. The stock has a market cap of $4.23 billion, a P/E ratio of 25.08, a P/E/G ratio of 1.70 and a beta of 1.82. The stock’s fifty day moving average price is $232.93 and its 200-day moving average price is $245.22.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.16. The firm had revenue of $175.69 million during the quarter, compared to analyst estimates of $177.74 million. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.Wingstop’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. As a group, analysts forecast that Wingstop will post 4.18 earnings per share for the current fiscal year.

Insider Activity at Wingstop

In related news, Director Kilandigalu Madati sold 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total value of $703,971.00. Following the sale, the director owned 2,583 shares in the company, valued at approximately $673,465.59. This trade represents a 51.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Wesley S. Mcdonald sold 566 shares of Wingstop stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $250.00, for a total transaction of $141,500.00. Following the completion of the sale, the director directly owned 4,375 shares of the company’s stock, valued at approximately $1,093,750. This trade represents a 11.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Wingstop

Institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Planning Group LLC increased 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 valued at $26,000 after acquiring an additional 99 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Wingstop by 76.9% during the 4th 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 during the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in shares of Wingstop by 54.3% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 50 shares during the period. Rakuten Securities Inc. lifted its stake in shares of Wingstop by 197.9% in 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 period. Finally, Pinnacle Holdings LLC purchased a new position in shares of Wingstop in the third quarter worth approximately $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.