Wingstop (NASDAQ:WING) Earns Hold Rating from TD Cowen

Wingstop (NASDAQ:WING)‘s stock had its “hold” rating restated by analysts at TD Cowen in a note issued to investors on Thursday,Benzinga reports. They currently have a $160.00 target price on the restaurant operator’s stock. TD Cowen’s price target points to a potential upside of 4.38% from the company’s previous close.

Several other analysts also recently commented on the stock. Stephens reissued an “overweight” rating and set a $225.00 price objective on shares of Wingstop in a research report on Thursday, June 4th. Barclays decreased their target price on shares of Wingstop from $330.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. UBS Group cut their price target on shares of Wingstop from $210.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, June 9th. Wells Fargo & Company reduced their price target on shares of Wingstop from $225.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings lowered shares of Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.19.

Wingstop Stock Down 2.8%

Shares of WING opened at $153.29 on Thursday. The stock has a market cap of $4.17 billion, a P/E ratio of 38.13, a P/E/G ratio of 1.89 and a beta of 1.79. The business’s 50 day moving average price is $150.24 and its 200-day moving average price is $200.32. Wingstop has a 52 week low of $116.35 and a 52 week high of $381.45.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The company had revenue of $183.72 million during the quarter, compared to analyst estimates of $187.82 million. During the same quarter last year, the company earned $0.99 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts anticipate that Wingstop will post 4.57 EPS for the current year.

Hedge Funds Weigh In On Wingstop

Several hedge funds and other institutional investors have recently modified their holdings of the company. Baird Financial Group Inc. bought a new stake in shares of Wingstop in the first quarter worth $256,000. Jones Financial Companies Lllp boosted its position in Wingstop by 2,770.6% in the first quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator’s stock worth $440,000 after purchasing an additional 1,884 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Wingstop by 5.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 92,439 shares of the restaurant operator’s stock worth $20,852,000 after purchasing an additional 4,937 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Wingstop by 121.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock worth $49,000 after purchasing an additional 119 shares during the period. Finally, Sivia Capital Partners LLC boosted its holdings in shares of Wingstop by 45.5% in the second quarter. Sivia Capital Partners LLC now owns 1,387 shares of the restaurant operator’s stock worth $467,000 after buying an additional 434 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.