Wingstop (NASDAQ:WING) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Wingstop (NASDAQ:WING) had its price objective increased by equities researchers at Royal Bank Of Canada from $300.00 to $350.00 in a research note issued on Tuesday, Marketbeat reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 39.13% from the company’s current price.

WING has been the subject of a number of other reports. TD Cowen cut their price target on Wingstop from $320.00 to $280.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Raymond James Financial reiterated a “strong-buy” rating and set a $350.00 price objective (down previously from $420.00) on shares of Wingstop in a research report on Thursday, October 16th. Truist Financial reduced their target price on shares of Wingstop from $400.00 to $365.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Sanford C. Bernstein decreased their price target on shares of Wingstop from $400.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Finally, Zacks Research lowered shares of Wingstop from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Wingstop presently has a consensus rating of “Moderate Buy” and an average price target of $337.81.

Wingstop Price Performance

Shares of NASDAQ WING traded up $5.61 on Tuesday, hitting $251.56. The company’s stock had a trading volume of 67,862 shares, compared to its average volume of 847,544. The stock has a 50 day moving average of $248.20 and a 200-day moving average of $297.28. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 3.55 and a beta of 1.75. Wingstop has a 12-month low of $204.00 and a 12-month high of $388.14.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.18. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. The business had revenue of $175.74 million during the quarter, compared to analysts’ expectations of $189.10 million. During the same period last year, the company posted $0.88 EPS. The company’s revenue was up 8.1% on a year-over-year basis. Sell-side analysts expect that Wingstop will post 4.18 EPS for the current fiscal year.

Insider Activity at Wingstop

In related news, Director Kilandigalu Madati sold 269 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total value of $69,931.93. Following the transaction, the director directly owned 5,283 shares of the company’s stock, valued at approximately $1,373,421.51. This trade represents a 4.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Wingstop

A number of large investors have recently modified their holdings of the company. Quaker Wealth Management LLC grew its holdings in shares of Wingstop by 134.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 408 shares during the period. 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 valued at $26,000 after buying an additional 99 shares in the last quarter. Ameriflex Group Inc. acquired a new position in Wingstop during the second quarter valued at approximately $43,000. Hantz Financial Services Inc. grew its stake in Wingstop by 4,200.0% during the second quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock worth $43,000 after buying an additional 126 shares during the period. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of Wingstop by 54.3% in the third quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 50 shares in the last quarter.

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.