Wingstop (NASDAQ:WING) Price Target Lowered to $300.00 at Stifel Nicolaus

Wingstop (NASDAQ:WING) had its price target lowered by Stifel Nicolaus from $375.00 to $300.00 in a report published on Friday morning, MarketBeat reports. Stifel Nicolaus currently has a buy rating on the restaurant operator’s stock.

WING has been the subject of several other reports. William Blair assumed coverage on Wingstop in a report on Wednesday, July 9th. They set an “outperform” rating for the company. Benchmark decreased their price objective on Wingstop from $410.00 to $340.00 and set a “buy” rating for the company in a research report on Monday, September 29th. Wedbush reaffirmed an “outperform” rating on shares of Wingstop in a research report on Wednesday, September 17th. Stephens reiterated an “overweight” rating and set a $375.00 price objective on shares of Wingstop in a research note on Monday, October 20th. Finally, Sanford C. Bernstein reiterated an “overweight” rating and issued a $440.00 price objective on shares of Wingstop in a report on Thursday, July 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $354.60.

Wingstop Trading Up 0.5%

Shares of Wingstop stock opened at $216.63 on Friday. The company’s fifty day simple moving average is $269.28 and its 200-day simple moving average is $299.87. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 3.00 and a beta of 1.78. Wingstop has a 1 year low of $204.00 and a 1 year high of $388.14.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, July 30th. The restaurant operator reported $1.00 EPS for the quarter, topping the consensus estimate of $0.88 by $0.12. The firm had revenue of $174.33 million during the quarter, compared to analysts’ expectations of $172.60 million. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%.Wingstop’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business earned $0.93 earnings per share. As a group, research analysts forecast that Wingstop will post 4.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its stake in Wingstop by 43.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,646,934 shares of the restaurant operator’s stock valued at $371,517,000 after buying an additional 496,717 shares in the last quarter. American Century Companies Inc. boosted its stake in Wingstop by 23.3% in the second quarter. American Century Companies Inc. now owns 1,557,383 shares of the restaurant operator’s stock valued at $524,433,000 after buying an additional 294,786 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Wingstop by 50.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 949,033 shares of the restaurant operator’s stock valued at $238,853,000 after buying an additional 316,328 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in Wingstop in the first quarter valued at about $212,672,000. Finally, Champlain Investment Partners LLC boosted its stake in Wingstop by 17.3% in the second quarter. Champlain Investment Partners LLC now owns 741,097 shares of the restaurant operator’s stock valued at $249,557,000 after buying an additional 109,108 shares in 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.