Wingstop (NASDAQ:WING) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Wingstop Inc. franchises and operates restaurants. The Company’s operating segment consists of Franchise segment and Company segment. It offers cooked-to-order, hand-sauced and tossed chicken wings. Wingstop Inc. is headquartered in Dallas, Texas. “

Several other analysts have also recently commented on the stock. Morgan Stanley lifted their price objective on shares of Wingstop from $137.00 to $150.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 19th. CL King initiated coverage on shares of Wingstop in a research note on Friday, December 11th. They set a “buy” rating for the company. Piper Sandler decreased their price objective on shares of Wingstop from $187.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, March 24th. Wedbush lifted their price objective on shares of Wingstop from $140.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, February 1st. Finally, Barclays raised shares of Wingstop from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $120.00 to $155.00 in a report on Wednesday, January 6th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $157.75.

WING stock opened at $137.56 on Thursday. Wingstop has a 52 week low of $92.29 and a 52 week high of $172.87. The firm has a 50 day moving average of $131.14 and a 200 day moving average of $135.96. The stock has a market capitalization of $4.08 billion, a PE ratio of 143.29, a price-to-earnings-growth ratio of 8.49 and a beta of 1.06.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Wednesday, February 17th. The restaurant operator reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). Wingstop had a net margin of 12.73% and a negative return on equity of 14.61%. Sell-side analysts anticipate that Wingstop will post 1.26 earnings per share for the current year.

In other news, CFO Michael Skipworth sold 508 shares of the company’s stock in a transaction on Monday, March 8th. The shares were sold at an average price of $120.50, for a total transaction of $61,214.00. Following the completion of the sale, the chief financial officer now owns 18,026 shares of the company’s stock, valued at $2,172,133. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles R. Morrison sold 997 shares of the company’s stock in a transaction on Monday, March 8th. The stock was sold at an average price of $120.50, for a total transaction of $120,138.50. Following the sale, the chief executive officer now directly owns 95,149 shares of the company’s stock, valued at approximately $11,465,454.50. The disclosure for this sale can be found here. In the last three months, insiders sold 1,868 shares of company stock valued at $224,807. 1.00% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Wingstop by 7.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 18,716 shares of the restaurant operator’s stock worth $2,481,000 after buying an additional 1,310 shares in the last quarter. Norges Bank purchased a new stake in shares of Wingstop during the fourth quarter worth $38,435,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Wingstop by 10,918.0% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 54,429 shares of the restaurant operator’s stock worth $7,215,000 after buying an additional 53,935 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Wingstop by 4.0% during the fourth quarter. Principal Financial Group Inc. now owns 93,649 shares of the restaurant operator’s stock worth $12,414,000 after buying an additional 3,577 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Wingstop by 7.9% during the fourth quarter. JPMorgan Chase & Co. now owns 87,310 shares of the restaurant operator’s stock worth $11,573,000 after buying an additional 6,388 shares in the last quarter.

Wingstop Company Profile

Wingstop, Inc is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. It operates through Franchise and Company segments. The Franchise segment consists of domestic and international franchise restaurants. The Company segment comprises company-owned restaurants.

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