Wingstop’s (WING) Hold Rating Reaffirmed at Benchmark

Wingstop (NASDAQ:WING)‘s stock had its “hold” rating reissued by equities researchers at Benchmark in a research report issued on Tuesday, Benzinga reports.

Other research analysts have also recently issued reports about the company. Citigroup lifted their price objective on Wingstop from $320.00 to $375.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Stifel Nicolaus boosted their price target on Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, February 16th. TD Cowen reissued a “buy” rating and issued a $410.00 price target on shares of Wingstop in a report on Wednesday, April 10th. Sanford C. Bernstein began coverage on Wingstop in a report on Wednesday, February 14th. They issued an “outperform” rating and a $340.00 price target on the stock. Finally, Truist Financial reissued a “hold” rating and issued a $292.00 price target on shares of Wingstop in a report on Monday, April 1st. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Wingstop currently has a consensus rating of “Hold” and an average price target of $290.83.

Wingstop Stock Up 1.7 %

Shares of Wingstop stock traded up $5.92 during trading hours on Tuesday, reaching $360.67. 137,794 shares of the stock traded hands, compared to its average volume of 462,466. The company has a 50 day moving average price of $349.80 and a 200 day moving average price of $276.85. The firm has a market capitalization of $10.59 billion, a price-to-earnings ratio of 155.39, a P/E/G ratio of 6.16 and a beta of 1.68. Wingstop has a one year low of $150.08 and a one year high of $379.00.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The firm had revenue of $127.06 million for the quarter, compared to analysts’ expectations of $120.47 million. During the same period in the previous year, the firm earned $0.60 EPS. The business’s quarterly revenue was up 21.2% on a year-over-year basis. Sell-side analysts anticipate that Wingstop will post 3 earnings per share for the current year.

Insider Buying and Selling at Wingstop

In other Wingstop news, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 17,107 shares in the company, valued at $5,771,901.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Wingstop news, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 17,107 shares in the company, valued at $5,771,901.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Marisa Carona sold 2,586 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at $612,246.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,901 shares of company stock worth $5,120,605. 0.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Rise Advisors LLC acquired a new position in shares of Wingstop in the first quarter valued at about $29,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Wingstop in the fourth quarter valued at about $28,000. GAMMA Investing LLC increased its holdings in shares of Wingstop by 53.3% in the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 40 shares during the period. FSC Wealth Advisors LLC acquired a new stake in Wingstop during the fourth quarter worth about $39,000. Finally, Riverview Trust Co acquired a new stake in Wingstop during the first quarter worth about $66,000.

About Wingstop

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.