Wingstop Stock Rating Reiterated by Stephens

Wingstop (NASDAQ:WING) has had its "overweight" rating reaffirmed by analysts at Stephens, as reported recently. They issued a price target of $490.00 for the company’s stock, suggesting a potential upside of 35.97% from Wingstop's previous closing price.

Several other analysts have also weighed in on Wingstop’s stock in the past few months. Raymond James upgraded Wingstop from a "market perform" rating to an "outperform" rating with a price target set at $42.00 on August 1. In a separate note, Wedbush increased their target price from $425.00 to $440.00, also giving the stock an "outperform" rating on September 16. Additionally, BMO Capital Markets adjusted their price target from $345.00 to $360.00 and rated the stock as "market perform" on August 1. Meanwhile, Goldman Sachs Group raised their price target from $407.00 to $458.00, maintaining a "neutral" rating, while Morgan Stanley upped theirs from $390.00 to $400.00 and rated it as "equal weight" on July 16. Overall, ten research analysts have recommended holding the stock, while nine have issued a buy rating. According to MarketBeat, the consensus rating is currently "Hold," with an average price target of $382.88.

Current Wingstop Stock Performance

On Thursday, Wingstop shares opened at $360.38. The stock has a 52-week low of $173.74 and a 52-week high of $433.86. Its current market capitalization stands at $10.56 billion, with a price-to-earnings (P/E) ratio of 128.25 and a P/E growth (P/E/G) ratio of 3.64. The stock also exhibits a beta of 1.71, indicating higher volatility compared to the market.

Wingstop recently reported its quarterly earnings on July 31, revealing earnings per share (EPS) of $0.93, surpassing analysts' expectations of $0.82 by $0.11. The company reported revenue of $155.70 million, exceeding the consensus estimate of $146.04 million. Compared to the same quarter last year, revenue increased by 45.3%. Last year, the company earned $0.57 EPS during the same quarter. Analysts predict that Wingstop will post earnings of 3.8 per share for the current fiscal year.

Insider Transactions

In other news regarding Wingstop, Senior Vice President Donnie Upshaw sold 3,199 shares on August 8 at an average price of $372.71, totaling about $1,192,299.29. Following this sale, Upshaw retains ownership of 97 shares valued at around $36,152.87. Insiders hold approximately 0.36% of the company's stock.

Institutional Investor Activity

Several hedge funds have recently adjusted their holdings in Wingstop. S.A. Mason LLC purchased a new stake worth around $125,000 during the third quarter. Similarly, WD Rutherford LLC invested approximately $240,000 in the same period. Pallas Capital Advisors increased their Wingstop holdings by 33.4%, owning a total of 1,679 shares valued at $699,000, following an additional purchase of 420 shares. Moreover, the State of Alaska Department of Revenue raised its stake by 7.2%, now owning 3,419 shares valued at $1,422,000. Wealth Enhancement Advisory Services also boosted its holdings by 121.0%, owning 5,070 shares worth $2,110,000 after acquiring an additional 2,776 shares.

About Wingstop

Wingstop Inc. is a restaurant franchise that specializes in classic and boneless wings, chicken tenders, and hand-sauced and tossed items in a variety of flavors, alongside chicken sandwiches and sides including fries and hand-cut vegetables.

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