Piper Sandler Lowers Wingstop (NASDAQ:WING) Price Target to $300.00

Wingstop (NASDAQ:WING) had its target price dropped by investment analysts at Piper Sandler from $375.00 to $300.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s target price points to a potential downside of 2.84% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Benchmark raised Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price objective on the stock in a research note on Thursday, October 31st. Truist Financial raised their price target on Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. TD Cowen decreased their price objective on Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. BTIG Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 target price on the stock in a report on Thursday, October 31st. Finally, BMO Capital Markets upped their price target on shares of Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $373.00.

Wingstop Trading Up 3.9 %

NASDAQ:WING opened at $308.77 on Monday. Wingstop has a 1-year low of $204.01 and a 1-year high of $433.86. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 89.27, a PEG ratio of 2.74 and a beta of 1.76. The business’s 50-day moving average price is $385.96 and its two-hundred day moving average price is $387.03.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.09). The firm had revenue of $162.50 million for the quarter, compared to the consensus estimate of $160.24 million. Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The firm’s revenue was up 38.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS. Sell-side analysts predict that Wingstop will post 3.72 earnings per share for the current year.

Insider Transactions at Wingstop

In other news, SVP Donnie Upshaw sold 3,199 shares of Wingstop stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the sale, the senior vice president now directly owns 97 shares of the company’s stock, valued at approximately $36,152.87. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Wingstop

A number of institutional investors have recently modified their holdings of WING. Hollencrest Capital Management acquired a new position in shares of Wingstop during the 2nd quarter valued at $27,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Wingstop in the second quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV raised 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 valued at $39,000 after buying an additional 35 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Wingstop by 60.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock valued at $44,000 after acquiring an additional 40 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Wingstop by 384.6% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock valued at $53,000 after purchasing an additional 100 shares during 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.