Wingstop (NASDAQ:WING) Shares Up 7.9% – Should You Buy?

Wingstop Inc. (NASDAQ:WING) shares rose 7.9% on Tuesday . The company traded as high as $236.18 and last traded at $239.05. Approximately 303,640 shares traded hands during trading, a decline of 53% from the average daily volume of 640,099 shares. The stock had previously closed at $221.65.

Analyst Upgrades and Downgrades

Several research firms recently commented on WING. TD Cowen cut Wingstop from a “buy” rating to a “hold” rating and lowered their target price for the company from $310.00 to $285.00 in a research report on Tuesday, February 10th. Benchmark lowered their target price on shares of Wingstop from $340.00 to $320.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. BTIG Research decreased their price objective on shares of Wingstop from $430.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Wingstop in a report on Monday, December 29th. Finally, The Goldman Sachs Group lowered their price target on Wingstop from $370.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Wingstop presently has a consensus rating of “Moderate Buy” and a consensus target price of $338.93.

Wingstop Stock Up 13.6%

The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 41.01, a price-to-earnings-growth ratio of 2.79 and a beta of 1.80. The business has a 50-day moving average price of $258.54 and a 200-day moving average price of $268.70.

Insider Buying and Selling

In other news, Director Kilandigalu Madati sold 269 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total value of $69,931.93. Following the completion of the sale, the director owned 5,283 shares in the company, valued at $1,373,421.51. This represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Wingstop

A number of large investors have recently made changes to their positions in WING. Cornerstone Planning Group LLC raised its holdings in shares of Wingstop by 1,650.0% during the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Wingstop by 76.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 60 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in shares of Wingstop by 197.9% during the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 95 shares during the last quarter. Quaker Wealth Management LLC grew its stake in shares of Wingstop by 134.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 408 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its holdings in Wingstop by 54.3% in the third quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock worth $36,000 after buying an additional 50 shares during 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.