Wingstop (NASDAQ:WING – Get Free Report) had its target price raised by investment analysts at Citigroup from $185.00 to $198.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price objective suggests a potential upside of 8.50% from the company’s previous close.
Other equities research analysts have also issued research reports about the company. Royal Bank of Canada dropped their price target on Wingstop from $200.00 to $195.00 and set a “sector perform” rating for the company in a research note on Thursday, August 3rd. Morgan Stanley dropped their target price on Wingstop from $188.00 to $185.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. TheStreet cut shares of Wingstop from a “b-” rating to a “c+” rating in a research report on Monday, July 31st. Benchmark upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Thursday, August 3rd. Finally, Jefferies Financial Group raised shares of Wingstop from an “underperform” rating to a “hold” rating and upped their price objective for the company from $150.00 to $170.00 in a research note on Tuesday, October 3rd. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.24.
View Our Latest Analysis on WING
Wingstop Stock Performance
Wingstop (NASDAQ:WING – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The restaurant operator reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. The firm had revenue of $107.10 million for the quarter, compared to analysts’ expectations of $104.24 million. Wingstop had a negative return on equity of 17.21% and a net margin of 15.19%. The company’s revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. On average, sell-side analysts forecast that Wingstop will post 2.2 EPS for the current fiscal year.
Insider Buying and Selling
In other Wingstop news, SVP Donnie Upshaw sold 6,699 shares of Wingstop stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $165.15, for a total transaction of $1,106,339.85. Following the sale, the senior vice president now directly owns 173 shares of the company’s stock, valued at approximately $28,570.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.36% of the stock is owned by insiders.
Hedge Funds Weigh In On Wingstop
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY lifted its position in Wingstop by 3.3% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,844 shares of the restaurant operator’s stock valued at $254,000 after acquiring an additional 59 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Wingstop by 3.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 1,844 shares of the restaurant operator’s stock valued at $254,000 after buying an additional 59 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in Wingstop by 4.8% in the 2nd quarter. Coldstream Capital Management Inc. now owns 1,556 shares of the restaurant operator’s stock worth $311,000 after buying an additional 71 shares in the last quarter. Teacher Retirement System of Texas raised its position in Wingstop by 0.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,200 shares of the restaurant operator’s stock worth $2,442,000 after buying an additional 72 shares during the last quarter. Finally, Shell Asset Management Co. boosted its holdings in shares of Wingstop by 3.4% during the 2nd quarter. Shell Asset Management Co. now owns 2,353 shares of the restaurant operator’s stock valued at $471,000 after acquiring an additional 78 shares during the last quarter.
About Wingstop
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. Wingstop Inc was founded in 1994 and is headquartered in Addison, Texas.
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