Wingstop Inc. (NASDAQ:WING) Given Average Rating of “Moderate Buy” by Analysts

Wingstop Inc. (NASDAQ:WING) has earned an average rating of “Moderate Buy” from the thirty analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $255.8148.

Several equities analysts recently issued reports on the stock. BTIG Research reissued a “buy” rating and set a $305.00 price objective on shares of Wingstop in a report on Monday, July 13th. Royal Bank Of Canada lowered their target price on Wingstop from $250.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, June 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $255.00 target price on shares of Wingstop in a research report on Thursday, April 30th. Weiss Ratings downgraded Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, Mizuho reduced their price target on Wingstop from $280.00 to $240.00 and set an “outperform” rating for the company in a research report on Friday.

Wingstop Price Performance

Shares of Wingstop stock opened at $137.24 on Thursday. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 1.61 and a beta of 1.79. The firm’s 50-day moving average is $151.91 and its two-hundred day moving average is $191.43. Wingstop has a 1 year low of $116.35 and a 1 year high of $381.45.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, beating the consensus estimate of $1.02 by $0.16. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The business had revenue of $183.72 million during the quarter, compared to analyst estimates of $187.82 million. During the same quarter in the previous year, the business posted $0.99 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities analysts expect that Wingstop will post 4.56 earnings per share for the current year.

Hedge Funds Weigh In On Wingstop

Large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted 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 valued at $503,475,000 after buying an additional 58,386 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Wingstop by 48.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,405,894 shares of the restaurant operator’s stock worth $335,292,000 after acquiring an additional 456,861 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Wingstop by 6.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,173,613 shares of the restaurant operator’s stock worth $279,895,000 after acquiring an additional 70,224 shares in the last quarter. Steadfast Capital Management LP raised its stake in shares of Wingstop by 296.2% during the 3rd quarter. Steadfast Capital Management LP now owns 950,521 shares of the restaurant operator’s stock worth $239,227,000 after acquiring an additional 710,621 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in Wingstop by 18.3% during the first quarter. Janus Henderson Group PLC now owns 798,616 shares of the restaurant operator’s stock valued at $123,761,000 after acquiring an additional 123,315 shares during the last quarter.

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.