Several analysts have recently updated their ratings and price targets for Wingstop (NASDAQ: WING):
- 8/2/2024 – Wingstop had its price target raised by analysts at Piper Sandler from $353.00 to $375.00. They now have a “neutral” rating on the stock.
- 8/1/2024 – Wingstop had its price target raised by analysts at Barclays PLC from $418.00 to $425.00. They now have an “overweight” rating on the stock.
- 8/1/2024 – Wingstop had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $425.00 price target on the stock.
- 8/1/2024 – Wingstop was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $42.00 price target on the stock.
- 8/1/2024 – Wingstop had its price target raised by analysts at The Goldman Sachs Group, Inc. from $407.00 to $458.00. They now have a “neutral” rating on the stock.
- 8/1/2024 – Wingstop had its price target raised by analysts at BMO Capital Markets from $345.00 to $360.00. They now have a “market perform” rating on the stock.
- 8/1/2024 – Wingstop had its price target raised by analysts at Truist Financial Co. from $407.00 to $423.00. They now have a “hold” rating on the stock.
- 7/31/2024 – Wingstop had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $456.00 price target on the stock.
- 7/31/2024 – Wingstop had its “buy” rating reaffirmed by analysts at TD Cowen. They now have a $450.00 price target on the stock.
- 7/19/2024 – Wingstop had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $425.00 price target on the stock.
- 7/16/2024 – Wingstop had its price target raised by analysts at Morgan Stanley from $390.00 to $400.00. They now have an “equal weight” rating on the stock.
- 7/9/2024 – Wingstop had its price target raised by analysts at Truist Financial Co. from $393.00 to $407.00. They now have a “hold” rating on the stock.
- 7/1/2024 – Wingstop had its price target raised by analysts at Truist Financial Co. from $345.00 to $393.00. They now have a “hold” rating on the stock.
- 6/18/2024 – Wingstop had its price target raised by analysts at Stifel Nicolaus from $420.00 to $460.00. They now have a “buy” rating on the stock.
- 6/13/2024 – Wingstop is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “neutral” rating and a $407.00 price target on the stock.
- 6/13/2024 – Wingstop had its price target raised by analysts at TD Cowen from $430.00 to $450.00. They now have a “buy” rating on the stock.
- 6/6/2024 – Wingstop had its “buy” rating reaffirmed by analysts at TD Cowen. They now have a $430.00 price target on the stock.
Wingstop Trading Down 2.8 %
Shares of Wingstop stock traded down $10.24 during trading hours on Monday, reaching $352.46. 785,146 shares of the company’s stock were exchanged, compared to its average volume of 466,850. Wingstop Inc. has a fifty-two week low of $150.08 and a fifty-two week high of $431.03. The stock has a market cap of $10.33 billion, a P/E ratio of 125.43, a P/E/G ratio of 3.96 and a beta of 1.70. The company has a 50 day moving average of $393.76 and a two-hundred day moving average of $362.72.
Wingstop (NASDAQ:WING – Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.11. The firm had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $146.04 million. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The business’s revenue was up 45.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS. As a group, analysts expect that Wingstop Inc. will post 3.71 earnings per share for the current fiscal year.
Wingstop Increases Dividend
Insider Transactions at Wingstop
In related news, Director Ania Smith sold 566 shares of Wingstop stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total value of $215,595.06. Following the transaction, the director now directly owns 1,164 shares of the company’s stock, valued at $443,379.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Wingstop news, Director Kate S. Lavelle sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $394.57, for a total value of $295,927.50. Following the sale, the director now owns 3,567 shares in the company, valued at $1,407,431.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ania Smith sold 566 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total transaction of $215,595.06. Following the completion of the sale, the director now owns 1,164 shares in the company, valued at approximately $443,379.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,191 shares of company stock valued at $2,443,547. 0.36% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Wingstop
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Wingstop by 3.7% during the first quarter. Vanguard Group Inc. now owns 2,924,326 shares of the restaurant operator’s stock worth $1,071,473,000 after buying an additional 104,780 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Wingstop by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,273,542 shares of the restaurant operator’s stock worth $833,026,000 after purchasing an additional 101,917 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Wingstop by 1.8% during the fourth quarter. Federated Hermes Inc. now owns 1,107,852 shares of the restaurant operator’s stock worth $284,253,000 after purchasing an additional 19,540 shares during the last quarter. Franklin Resources Inc. boosted its stake in Wingstop by 155.7% in the fourth quarter. Franklin Resources Inc. now owns 873,385 shares of the restaurant operator’s stock valued at $224,093,000 after acquiring an additional 531,880 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in Wingstop in the fourth quarter valued at about $103,899,000.
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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