Stephens Reaffirms “Overweight” Rating for Wingstop (NASDAQ:WING)

Wingstop (NASDAQ:WING)‘s stock had its “overweight” rating restated by stock analysts at Stephens in a note issued to investors on Thursday,Benzinga reports. They currently have a $225.00 price objective on the restaurant operator’s stock. Stephens’ price target indicates a potential upside of 56.20% from the company’s current price.

A number of other research firms also recently commented on WING. The Goldman Sachs Group downgraded Wingstop from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $290.00 to $190.00 in a report on Thursday, April 30th. Benchmark dropped their price objective on Wingstop from $320.00 to $285.00 and set a “buy” rating for the company in a report on Monday, April 20th. Morgan Stanley restated an “overweight” rating and set a $255.00 price objective on shares of Wingstop in a report on Thursday, April 30th. Wall Street Zen upgraded Wingstop from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, DA Davidson restated a “buy” rating and set a $250.00 price objective on shares of Wingstop in a report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $277.68.

Wingstop Stock Down 4.6%

WING stock opened at $144.05 on Thursday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 35.83, a PEG ratio of 1.68 and a beta of 1.82. The business has a fifty day simple moving average of $157.99 and a 200-day simple moving average of $216.98. Wingstop has a 52 week low of $116.35 and a 52 week high of $388.14.

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

Institutional Trading of Wingstop

Several large investors have recently added to or reduced their stakes in WING. Baird Financial Group Inc. acquired a new stake in Wingstop in the 1st quarter valued at $256,000. Jones Financial Companies Lllp increased its holdings in Wingstop by 2,770.6% in the 1st quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator’s stock valued at $440,000 after purchasing an additional 1,884 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Wingstop by 5.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 92,439 shares of the restaurant operator’s stock valued at $20,852,000 after purchasing an additional 4,937 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Wingstop by 121.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 119 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its holdings in Wingstop by 45.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,387 shares of the restaurant operator’s stock valued at $467,000 after purchasing an additional 434 shares in the last quarter.

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.