Wingstop (NASDAQ:WING) Price Target Lowered to $160.00 at TD Cowen

Wingstop (NASDAQ:WING) had its target price dropped by stock analysts at TD Cowen from $175.00 to $160.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. TD Cowen’s price target would indicate a potential upside of 13.77% from the company’s current price.

WING has been the topic of a number of other reports. Royal Bank Of Canada reduced their price objective on shares of Wingstop from $275.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Raymond James Financial upgraded shares of Wingstop from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the company from $325.00 to $240.00 in a report on Thursday, April 2nd. Benchmark reduced their price objective on shares of Wingstop from $320.00 to $285.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Wall Street Zen upgraded shares of Wingstop from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, BTIG Research reduced their price objective on shares of Wingstop from $400.00 to $305.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $277.68.

Wingstop Stock Up 0.2%

Wingstop stock opened at $140.63 on Wednesday. The firm has a market cap of $3.83 billion, a PE ratio of 34.98, a price-to-earnings-growth ratio of 1.57 and a beta of 1.86. Wingstop has a 52-week low of $116.35 and a 52-week high of $388.14. The company’s 50 day moving average is $162.53 and its two-hundred day moving average is $220.61.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The firm had revenue of $183.73 million for the quarter, compared to analysts’ expectations of $187.82 million. During the same quarter last year, the company earned $0.99 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that Wingstop will post 4.59 earnings per share for the current fiscal year.

Institutional Trading of Wingstop

A number of large investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of Wingstop by 54.2% in the 1st quarter. Bank of America Corp DE now owns 255,732 shares of the restaurant operator’s stock valued at $39,631,000 after purchasing an additional 89,915 shares during the period. Edgestream Partners L.P. acquired a new position in Wingstop in the first quarter valued at $2,977,000. Janus Henderson Group PLC increased its stake in Wingstop by 18.3% in the first quarter. Janus Henderson Group PLC now owns 798,616 shares of the restaurant operator’s stock valued at $123,761,000 after purchasing an additional 123,315 shares during the period. California State Teachers Retirement System increased its stake in Wingstop by 22.2% in the first quarter. California State Teachers Retirement System now owns 32,353 shares of the restaurant operator’s stock valued at $5,014,000 after purchasing an additional 5,879 shares during the period. Finally, Polar Asset Management Partners Inc. acquired a new position in Wingstop in the first quarter valued at $1,999,000.

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.