Wingstop (NASDAQ:WING) Receives “Buy” Rating from BTIG Research

Wingstop (NASDAQ:WING)‘s stock had its “buy” rating restated by equities research analysts at BTIG Research in a research note issued to investors on Thursday,Benzinga reports. They presently have a $305.00 price target on the restaurant operator’s stock. BTIG Research’s price target points to a potential upside of 100.54% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Weiss Ratings cut shares of Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Benchmark dropped their target price on shares of Wingstop from $320.00 to $285.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Royal Bank Of Canada dropped their target price on shares of Wingstop from $275.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. UBS Group dropped their target price on shares of Wingstop from $295.00 to $210.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $255.00 target price on shares of Wingstop in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $277.68.

Wingstop Stock Up 8.1%

Shares of Wingstop stock opened at $152.09 on Thursday. The firm has a market cap of $4.14 billion, a PE ratio of 37.83, a price-to-earnings-growth ratio of 1.57 and a beta of 1.86. Wingstop has a 12-month low of $116.35 and a 12-month high of $388.14. The company’s fifty day simple moving average is $161.58 and its two-hundred day simple moving average is $219.96.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The business had revenue of $183.73 million for the quarter, compared to analyst estimates of $187.82 million. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS. As a group, sell-side analysts expect that Wingstop will post 4.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in Wingstop by 2.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,111,089 shares of the restaurant operator’s stock valued at $503,475,000 after acquiring an additional 58,386 shares during the period. Lone Pine Capital LLC purchased a new position in Wingstop during the 3rd quarter valued at about $375,317,000. Massachusetts Financial Services Co. MA lifted its position in Wingstop by 48.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,405,894 shares of the restaurant operator’s stock valued at $335,292,000 after acquiring an additional 456,861 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Wingstop by 6.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,173,613 shares of the restaurant operator’s stock valued at $279,895,000 after acquiring an additional 70,224 shares during the period. Finally, Steadfast Capital Management LP lifted its position in Wingstop by 296.2% during the 3rd quarter. Steadfast Capital Management LP now owns 950,521 shares of the restaurant operator’s stock valued at $239,227,000 after acquiring an additional 710,621 shares during the period.

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.