Truist Financial Raises Wingstop (NASDAQ:WING) Price Target to $407.00

Wingstop (NASDAQ:WINGGet Free Report) had its target price raised by investment analysts at Truist Financial from $393.00 to $407.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the restaurant operator’s stock. Truist Financial’s price target would suggest a potential upside of 6.37% from the stock’s previous close.

Several other brokerages have also recently weighed in on WING. Bank of America lifted their price target on Wingstop from $421.00 to $461.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Stifel Nicolaus lifted their target price on Wingstop from $420.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Robert W. Baird increased their price target on shares of Wingstop from $390.00 to $405.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Morgan Stanley boosted their price objective on shares of Wingstop from $280.00 to $315.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. Finally, TD Cowen increased their target price on shares of Wingstop from $430.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $353.17.

View Our Latest Analysis on Wingstop

Wingstop Trading Down 3.1 %

Shares of NASDAQ WING opened at $382.61 on Tuesday. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 136.16, a price-to-earnings-growth ratio of 5.19 and a beta of 1.69. The stock has a fifty day simple moving average of $398.37 and a two-hundred day simple moving average of $348.12. Wingstop has a 1-year low of $150.08 and a 1-year high of $431.03.

Wingstop (NASDAQ:WINGGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.22. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The company had revenue of $145.70 million during the quarter, compared to the consensus estimate of $136.34 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s quarterly revenue was up 34.0% compared to the same quarter last year. Analysts forecast that Wingstop will post 3.4 EPS for the current year.

Insider Buying and Selling

In related news, Director Kilandigalu Madati sold 645 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $395.74, for a total value of $255,252.30. Following the completion of the sale, the director now owns 5,147 shares of the company’s stock, valued at $2,036,873.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Wingstop news, Director Kilandigalu Madati sold 645 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $395.74, for a total value of $255,252.30. Following the completion of the transaction, the director now owns 5,147 shares in the company, valued at $2,036,873.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the completion of the transaction, the senior vice president now owns 8,170 shares of the company’s stock, valued at $3,238,588. The disclosure for this sale can be found here. Insiders have sold 6,191 shares of company stock valued at $2,443,547 over the last ninety days. 0.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Congress Asset Management Co. MA raised its holdings in shares of Wingstop by 0.3% during the fourth quarter. Congress Asset Management Co. MA now owns 11,380 shares of the restaurant operator’s stock valued at $2,920,000 after purchasing an additional 34 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in Wingstop by 60.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 35 shares during the period. Quadrant Capital Group LLC raised its stake in Wingstop by 16.9% during the 4th quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 38 shares during the last quarter. Kovack Advisors Inc. lifted its holdings in shares of Wingstop by 1.7% during the 4th quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator’s stock valued at $595,000 after buying an additional 39 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Wingstop by 53.3% in the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 40 shares during the period.

About Wingstop

(Get Free Report)

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.

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