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

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

Wall Street Analyst Weigh In

WING has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Wingstop from $365.00 to $330.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Mizuho lowered their target price on Wingstop from $320.00 to $310.00 and set an “outperform” rating for the company in a research note on Friday, January 9th. Northcoast Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Wednesday, November 5th. Stephens reissued an “overweight” rating and issued a $375.00 price target on shares of Wingstop in a report on Tuesday, November 4th. Finally, Melius Research set a $350.00 price objective on Wingstop in a research note on Tuesday, January 20th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $338.93.

Wingstop Trading Up 13.6%

The stock’s 50-day moving average price is $258.54 and its 200-day moving average price is $268.70. The company has a market capitalization of $7.00 billion, a P/E ratio of 41.01, a P/E/G ratio of 2.79 and a beta of 1.80.

Insider Buying and Selling

In other news, Director Kilandigalu Madati sold 269 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total transaction of $69,931.93. Following the completion of the transaction, the director directly owned 5,283 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 0.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Amundi acquired a new stake in Wingstop in the fourth quarter worth $715,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Wingstop by 2.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,111,089 shares of the restaurant operator’s stock worth $503,475,000 after acquiring an additional 58,386 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Wingstop in the 4th quarter worth about $1,236,000. Advisory Services Network LLC lifted its position in Wingstop by 86.1% in the 4th quarter. Advisory Services Network LLC now owns 4,177 shares of the restaurant operator’s stock valued at $996,000 after purchasing an additional 1,933 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Wingstop by 5.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 24,020 shares of the restaurant operator’s stock valued at $5,729,000 after purchasing an additional 1,166 shares during the period.

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.