BMO Capital Markets Boosts Wingstop (NASDAQ:WING) Price Target to $325.00

Wingstop (NASDAQ:WING) had its price target increased by BMO Capital Markets from $275.00 to $325.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the restaurant operator’s stock. BMO Capital Markets’ price objective suggests a potential downside of 16.75% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Robert W. Baird raised their price objective on Wingstop from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday. Wedbush lifted their target price on Wingstop from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Cowen reiterated a “buy” rating and issued a $410.00 target price on shares of Wingstop in a research report on Wednesday. Citigroup lifted their target price on Wingstop from $320.00 to $375.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Finally, Sanford C. Bernstein assumed coverage on Wingstop in a research report on Wednesday, February 14th. They issued an “outperform” rating and a $340.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $304.89.

Wingstop Trading Up 1.7 %

NASDAQ WING traded up $6.39 during mid-day trading on Thursday, reaching $390.37. 182,025 shares of the company’s stock traded hands, compared to its average volume of 481,073. Wingstop has a 1-year low of $150.08 and a 1-year high of $396.00. The company has a fifty day simple moving average of $358.55 and a 200-day simple moving average of $285.89. The company has a market cap of $11.47 billion, a price-to-earnings ratio of 164.56, a P/E/G ratio of 6.61 and a beta of 1.67.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The firm had revenue of $127.06 million during the quarter, compared to analyst estimates of $120.47 million. During the same quarter last year, the firm earned $0.60 EPS. Wingstop’s quarterly revenue was up 21.2% on a year-over-year basis. Equities research analysts forecast that Wingstop will post 3.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Wingstop

In other news, Director Kilandigalu Madati sold 1,472 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total value of $500,288.64. Following the sale, the director now owns 5,450 shares of the company’s stock, valued at approximately $1,852,291.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the transaction, the chief executive officer now directly owns 17,107 shares in the company, valued at approximately $5,771,901.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kilandigalu Madati sold 1,472 shares of Wingstop stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total value of $500,288.64. Following the transaction, the director now owns 5,450 shares in the company, valued at approximately $1,852,291.50. The disclosure for this sale can be found here. Insiders have sold 14,901 shares of company stock valued at $5,120,605 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. acquired a new position in Wingstop in the 4th quarter worth about $28,000. Rise Advisors LLC acquired a new position in Wingstop in the 1st quarter worth about $29,000. Headlands Technologies LLC bought a new stake in shares of Wingstop during the 3rd quarter worth about $38,000. FSC Wealth Advisors LLC bought a new stake in shares of Wingstop during the 4th quarter worth about $39,000. Finally, GAMMA Investing LLC boosted its stake in Wingstop by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 40 shares during the period.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.