Wingstop (NASDAQ:WING) Now Covered by Wolfe Research

Equities research analysts at Wolfe Research initiated coverage on shares of Wingstop (NASDAQ:WING) in a report issued on Monday,Benzinga reports. The brokerage set an “outperform” rating and a $320.00 price target on the restaurant operator’s stock. Wolfe Research’s target price indicates a potential upside of 39.63% from the company’s current price.

Several other analysts also recently weighed in on the company. Loop Capital started coverage on Wingstop in a research report on Friday, January 9th. They set a “buy” rating and a $317.00 price objective for the company. DA Davidson initiated coverage on Wingstop in a research report on Friday. They issued a “buy” rating and a $330.00 target price on the stock. BTIG Research reissued a “buy” rating and issued a $400.00 target price on shares of Wingstop in a report on Thursday, February 19th. TD Cowen restated a “hold” rating and issued a $285.00 price target on shares of Wingstop in a research note on Wednesday, February 18th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $335.00 price target on shares of Wingstop in a report on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $337.29.

Wingstop Price Performance

Shares of NASDAQ:WING opened at $229.17 on Monday. Wingstop has a 1 year low of $204.00 and a 1 year high of $388.14. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 2.50 and a beta of 1.82. The company’s 50 day simple moving average is $259.37 and its 200 day simple moving average is $260.37.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.16. The firm had revenue of $175.69 million during the quarter, compared to analysts’ expectations of $177.74 million. Wingstop had a negative return on equity of 16.12% and a net margin of 25.01%.The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 earnings per share. As a group, analysts anticipate that Wingstop will post 4.18 EPS for the current fiscal year.

Insider Transactions at Wingstop

In other news, Director Wesley S. Mcdonald sold 566 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $250.00, for a total value of $141,500.00. Following the completion of the transaction, the director owned 4,375 shares of the company’s stock, valued at $1,093,750. This represents a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kilandigalu Madati sold 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total transaction of $703,971.00. Following the completion of the transaction, the director owned 2,583 shares of the company’s stock, valued at approximately $673,465.59. This trade represents a 51.11% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Wingstop

Several institutional investors and hedge funds have recently added to or reduced their stakes in WING. Pacer Advisors Inc. increased its position in Wingstop by 59.2% during the 4th quarter. Pacer Advisors Inc. now owns 5,940 shares of the restaurant operator’s stock valued at $1,417,000 after purchasing an additional 2,210 shares during the period. Virtu Financial LLC acquired a new position in shares of Wingstop in the 4th quarter worth approximately $603,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Wingstop in the 4th quarter worth approximately $63,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Wingstop by 6.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,173,613 shares of the restaurant operator’s stock valued at $279,895,000 after purchasing an additional 70,224 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in shares of Wingstop by 30.5% in the 4th quarter. Corient Private Wealth LLC now owns 2,180 shares of the restaurant operator’s stock valued at $520,000 after purchasing an additional 509 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.