Wingstop (NASDAQ:WING – Get Free Report)‘s stock had its “buy” rating reiterated by stock analysts at BTIG Research in a note issued to investors on Thursday,Benzinga reports. They currently have a $305.00 price objective on the restaurant operator’s stock. BTIG Research’s target price indicates a potential upside of 100.54% from the stock’s current price.
WING has been the topic of several other research reports. Stephens lowered their price objective on shares of Wingstop from $300.00 to $225.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Benchmark lowered their price objective on shares of Wingstop from $320.00 to $285.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Morgan Stanley restated an “overweight” rating and set a $255.00 price objective on shares of Wingstop in a research report on Thursday, April 30th. Wolfe Research started coverage on shares of Wingstop in a research report on Monday, March 9th. They set an “outperform” rating and a $320.00 price objective on the stock. Finally, Weiss Ratings cut shares of Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $277.68.
Check Out Our Latest Report on WING
Wingstop Price Performance
Wingstop (NASDAQ:WING – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. The firm had revenue of $183.73 million for the quarter, compared to analysts’ expectations of $187.82 million. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $0.99 EPS. On average, research analysts anticipate that Wingstop will post 4.59 EPS for the current year.
Hedge Funds Weigh In On Wingstop
Institutional investors and hedge funds have recently made changes to their positions in the business. Cornerstone Planning Group LLC grew its holdings in shares of Wingstop by 1,650.0% during the 3rd 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. SBI Securities Co. Ltd. grew its holdings in Wingstop by 76.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 138 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 60 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in Wingstop by 54.3% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 50 shares during the last quarter. Rakuten Securities Inc. grew its holdings in Wingstop by 197.9% in the 4th quarter. Rakuten Securities Inc. now owns 143 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 95 shares during the last quarter. Finally, Pinnacle Holdings LLC bought a new stake in Wingstop in the 3rd quarter worth $47,000.
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.
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