Citigroup Boosts Wingstop (NASDAQ:WING) Price Target to $375.00

Wingstop (NASDAQ:WING) had its price target upped by equities research analysts at Citigroup from $320.00 to $375.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s price objective would indicate a potential upside of 4.29% from the stock’s current price.

Several other analysts have also recently weighed in on WING. Truist Financial restated a “hold” rating and set a $292.00 price target on shares of Wingstop in a report on Monday, April 1st. Robert W. Baird boosted their price target on Wingstop from $320.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Wedbush boosted their price target on Wingstop from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Morgan Stanley upped their target price on Wingstop from $280.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Finally, Sanford C. Bernstein started coverage on Wingstop in a report on Wednesday, February 14th. They issued an “outperform” rating and a $340.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $290.83.

Wingstop Trading Down 3.0 %

NASDAQ WING traded down $11.10 during trading on Wednesday, hitting $359.57. 455,474 shares of the company’s stock were exchanged, compared to its average volume of 465,422. The company has a market cap of $10.56 billion, a PE ratio of 152.11, a P/E/G ratio of 6.36 and a beta of 1.68. Wingstop has a fifty-two week low of $150.08 and a fifty-two week high of $379.00. The stock’s 50 day moving average price is $344.96 and its two-hundred day moving average price is $271.99.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. The company had revenue of $127.06 million for the quarter, compared to analysts’ expectations of $120.47 million. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 earnings per share. Analysts forecast that Wingstop will post 3 earnings per share for the current fiscal year.

Insider Buying and Selling at Wingstop

In other news, CEO Michael Skipworth sold 10,843 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the transaction, the chief executive officer now directly owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the transaction, the director now directly owns 5,450 shares of the company’s stock, valued at $1,852,291.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Skipworth sold 10,843 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the transaction, the chief executive officer now directly owns 17,107 shares in the company, valued at $5,771,901.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,901 shares of company stock valued at $5,120,605. 0.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Wingstop

A number of institutional investors and hedge funds have recently bought and sold shares of WING. McGlone Suttner Wealth Management Inc. bought a new position in Wingstop in the 4th quarter valued at $28,000. Rise Advisors LLC bought a new position in Wingstop in the 1st quarter valued at $29,000. Public Employees Retirement System of Ohio grew its stake in Wingstop by 39.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 79 shares during the period. Headlands Technologies LLC bought a new position in Wingstop in the 3rd quarter valued at $38,000. Finally, FSC Wealth Advisors LLC bought a new position in Wingstop in the 4th quarter valued at $39,000.

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.