Wingstop’s (WING) “Buy” Rating Reaffirmed at BTIG Research

Wingstop (NASDAQ:WING)‘s stock had its “buy” rating restated by analysts at BTIG Research in a report issued on Monday,Benzinga reports. They currently have a $305.00 price target on the restaurant operator’s stock. BTIG Research’s target price would suggest a potential upside of 98.97% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. TD Cowen restated a “hold” rating and issued a $160.00 target price on shares of Wingstop in a research note on Thursday. Mizuho set a $280.00 price target on shares of Wingstop in a research note on Friday, June 5th. Stifel Nicolaus lowered their price target on Wingstop from $325.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 26th. UBS Group dropped their price objective on Wingstop from $210.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. Finally, Wall Street Zen downgraded Wingstop from a “hold” rating to a “sell” rating in a report on Monday, July 6th. One equities 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 given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $261.19.

Wingstop Price Performance

WING stock opened at $153.29 on Monday. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 1.84 and a beta of 1.79. Wingstop has a twelve month low of $116.35 and a twelve month high of $381.45. The business’s fifty day simple moving average is $150.24 and its two-hundred day simple moving average is $199.94.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $183.72 million for the quarter, compared to analysts’ expectations of $187.82 million. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. Research analysts expect that Wingstop will post 4.57 EPS for the current year.

Institutional Trading of Wingstop

Institutional investors have recently bought and sold shares of the stock. Ausbil Investment Management Ltd purchased a new stake in Wingstop during the 2nd quarter worth approximately $1,085,000. Handelsbanken Fonder AB lifted its stake in shares of Wingstop by 14.7% during the second quarter. Handelsbanken Fonder AB now owns 8,564 shares of the restaurant operator’s stock worth $1,485,000 after buying an additional 1,100 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Wingstop during the second quarter worth $18,381,000. GAMMA Investing LLC grew its holdings in shares of Wingstop by 35.9% during the second quarter. GAMMA Investing LLC now owns 382 shares of the restaurant operator’s stock valued at $66,000 after buying an additional 101 shares during the last quarter. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of Wingstop during the second quarter valued at $46,000.

About Wingstop

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.