Wingstop’s (WING) “Hold” Rating Reaffirmed at TD Cowen

Wingstop (NASDAQ:WING)‘s stock had its “hold” rating reissued by analysts at TD Cowen in a research note issued to investors on Thursday,Benzinga reports. They presently have a $160.00 price target on the restaurant operator’s stock. TD Cowen’s target price points to a potential upside of 0.97% from the company’s current price.

Several other equities analysts also recently commented on the company. Guggenheim decreased their target price on Wingstop from $255.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Piper Sandler raised Wingstop from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $283.00 to $190.00 in a report on Thursday, April 2nd. DA Davidson restated a “buy” rating and issued a $250.00 price target on shares of Wingstop in a research note on Monday, April 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $255.00 price objective on shares of Wingstop in a report on Thursday, April 30th. Finally, Benchmark dropped their target price on Wingstop from $320.00 to $285.00 and set a “buy” rating for the company in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Wingstop has a consensus rating of “Moderate Buy” and a consensus target price of $261.19.

Wingstop Price Performance

Shares of WING opened at $158.47 on Thursday. The company’s 50-day moving average is $150.91 and its 200-day moving average is $201.36. The firm has a market capitalization of $4.32 billion, a PE ratio of 39.42, a PEG ratio of 2.04 and a beta of 1.79. Wingstop has a fifty-two week low of $116.35 and a fifty-two week high of $381.45.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, topping 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 business had revenue of $183.72 million during the quarter, compared to the consensus estimate of $187.82 million. During the same quarter in the previous year, the firm posted $0.99 EPS. Wingstop’s revenue was up 7.4% compared to the same quarter last year. Analysts predict that Wingstop will post 4.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Wingstop

Hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. raised its holdings in Wingstop by 76.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock valued at $33,000 after acquiring an additional 60 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of Wingstop by 197.9% in the fourth quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 95 shares during the period. GW&K Investment Management LLC raised its stake in Wingstop by 75.7% in the fourth quarter. GW&K Investment Management LLC now owns 188 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 81 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Wingstop by 121.4% in the first 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, Mcguire Capital Advisors Inc. bought a new stake in Wingstop during the fourth quarter worth about $63,000.

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.