According to Zacks, “Wingstop Inc. franchises and operates restaurants. The Company’s operating segment consists of Franchise segment and Company segment. It offers cooked-to-order, hand-sauced and tossed chicken wings. Wingstop Inc. is headquartered in Dallas, Texas. “
A number of other analysts have also recently commented on the stock. Wells Fargo & Company upped their target price on shares of Wingstop from $172.00 to $177.00 and gave the company an “overweight” rating in a report on Thursday, April 1st. They noted that the move was a valuation call. Stifel Nicolaus increased their price objective on shares of Wingstop from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, February 17th. The Goldman Sachs Group reduced their price objective on shares of Wingstop from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, March 31st. Royal Bank of Canada began coverage on shares of Wingstop in a research note on Thursday. They issued a “sector perform” rating and a $140.00 price objective for the company. Finally, Piper Sandler reduced their price objective on shares of Wingstop from $187.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, March 24th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $157.75.
Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, February 17th. The restaurant operator reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.05). Wingstop had a net margin of 12.73% and a negative return on equity of 14.61%. On average, sell-side analysts predict that Wingstop will post 1.26 earnings per share for the current year.
In other Wingstop news, CFO Michael Skipworth sold 508 shares of the stock in a transaction on Monday, March 8th. The shares were sold at an average price of $120.50, for a total transaction of $61,214.00. Following the completion of the transaction, the chief financial officer now owns 18,026 shares in the company, valued at $2,172,133. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles R. Morrison sold 997 shares of the stock in a transaction on Monday, March 8th. The shares were sold at an average price of $120.50, for a total transaction of $120,138.50. Following the transaction, the chief executive officer now owns 95,149 shares of the company’s stock, valued at approximately $11,465,454.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,868 shares of company stock valued at $224,807. 1.00% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Wingstop by 0.4% during the fourth quarter. BlackRock Inc. now owns 3,448,923 shares of the restaurant operator’s stock valued at $457,154,000 after purchasing an additional 12,226 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Wingstop by 9.9% in the 4th quarter. Alliancebernstein L.P. now owns 626,153 shares of the restaurant operator’s stock worth $82,997,000 after acquiring an additional 56,529 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Wingstop by 14.5% in the 4th quarter. Lord Abbett & CO. LLC now owns 445,541 shares of the restaurant operator’s stock worth $59,056,000 after acquiring an additional 56,436 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Wingstop by 38.8% in the 4th quarter. Artisan Partners Limited Partnership now owns 437,974 shares of the restaurant operator’s stock worth $58,053,000 after acquiring an additional 122,450 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Wingstop in the 4th quarter worth about $38,435,000.
Wingstop Company Profile
Wingstop, Inc is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. It operates through Franchise and Company segments. The Franchise segment consists of domestic and international franchise restaurants. The Company segment comprises company-owned restaurants.
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