BTIG Research Cuts Wingstop (NASDAQ:WING) Price Target to $400.00

Wingstop (NASDAQ:WING) had its price target reduced by analysts at BTIG Research from $430.00 to $400.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. BTIG Research’s price target suggests a potential upside of 68.55% from the company’s current price.

Several other analysts have also recently issued reports on WING. Stephens reissued an “overweight” rating and set a $375.00 price target on shares of Wingstop in a research report on Tuesday. Wells Fargo & Company reduced their price target on shares of Wingstop from $415.00 to $365.00 and set an “overweight” rating on the stock in a research report on Thursday, October 16th. Raymond James Financial reissued a “strong-buy” rating and set a $350.00 price target (down previously from $420.00) on shares of Wingstop in a research report on Thursday, October 16th. Bank of America reduced their price target on shares of Wingstop from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Friday, July 18th. Finally, Northcoast Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a research report on Wednesday. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Wingstop presently has a consensus rating of “Moderate Buy” and an average price target of $343.74.

Wingstop Price Performance

NASDAQ WING opened at $237.32 on Wednesday. The stock has a market capitalization of $6.63 billion, a P/E ratio of 39.55, a PEG ratio of 2.99 and a beta of 1.73. Wingstop has a 12 month low of $204.00 and a 12 month high of $388.14. The firm’s 50-day moving average is $265.40 and its two-hundred day moving average is $301.08.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.18. The business had revenue of $175.74 million for the quarter, compared to analysts’ expectations of $189.10 million. Wingstop had a net margin of 25.61% and a negative return on equity of 17.07%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 earnings per share. As a group, analysts anticipate that Wingstop will post 4.18 EPS for the current year.

Institutional Trading of Wingstop

Large investors have recently made changes to their positions in the company. Quaker Wealth Management LLC increased its stake in Wingstop by 134.2% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 408 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in Wingstop by 1,650.0% in the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. Ameriflex Group Inc. purchased a new position in Wingstop in the second quarter valued at approximately $43,000. Hantz Financial Services Inc. increased its stake in Wingstop by 4,200.0% in the second quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 126 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Wingstop by 106.9% in the first quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 77 shares during the last quarter.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.