Wingstop Inc (NASDAQ:WING)‘s stock had its “outperform” rating restated by stock analysts at Wedbush in a research note issued on Friday. They currently have a $36.00 price target on the restaurant operator’s stock. Wedbush’s target price points to a potential upside of 28.14% from the company’s current price.
The analysts wrote, “The Wedbush View: We expect upside to lowered expectations, driven by both SSS growth and margin outperformance. Moreover, we believe a growing understanding of WING’s recurring special dividends is poised to drive increased appreciation of Wingstop’s unique business model, and a rising premium to peers. Checks indicate Q1 SSS growth above consensus. Our recent checks point to SSS growth in the range of -1.5% to flat relative to consensus of -1.5% in Q1. SSS growth through February was -2.6%. A more conservative quantification of qualitative responses results in a 1% run rate in March, with a more aggressive quantification resulting in a 3% run rate.””
A number of other equities research analysts also recently commented on WING. Cowen and Company set a $34.00 target price on shares of Wingstop and gave the stock a “buy” rating in a research report on Saturday, March 4th. Robert W. Baird restated an “outperform” rating on shares of Wingstop in a research note on Thursday, February 16th. Zacks Investment Research cut shares of Wingstop from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 4th. Jefferies Group LLC cut shares of Wingstop from a “buy” rating to a “hold” rating in a research note on Wednesday, January 4th. Finally, Barclays PLC restated an “equal weight” rating and set a $26.00 target price (down previously from $33.00) on shares of Wingstop in a research note on Friday, March 3rd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $32.91.
Shares of Wingstop (NASDAQ:WING) opened at 28.095 on Friday. Wingstop has a one year low of $23.78 and a one year high of $33.42. The firm has a 50 day moving average price of $27.03 and a 200 day moving average price of $28.50. The company has a market capitalization of $810.93 million, a P/E ratio of 53.009 and a beta of 0.81.
Wingstop (NASDAQ:WING) last posted its earnings results on Thursday, March 2nd. The restaurant operator reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Wingstop had a net margin of 17.11% and a negative return on equity of 69.17%. The business earned $24.80 million during the quarter, compared to the consensus estimate of $25.04 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The firm’s revenue was up 20.4% on a year-over-year basis. On average, equities research analysts predict that Wingstop will post $0.64 EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of WING. AQR Capital Management LLC acquired a new stake in Wingstop during the fourth quarter worth $231,000. Pacad Investment Ltd. increased its stake in Wingstop by 1,300.0% in the fourth quarter. Pacad Investment Ltd. now owns 9,800 shares of the restaurant operator’s stock worth $290,000 after buying an additional 9,100 shares during the period. Louisiana State Employees Retirement System increased its stake in Wingstop by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the restaurant operator’s stock worth $334,000 after buying an additional 200 shares during the period. New York State Teachers Retirement System acquired a new stake in Wingstop during the fourth quarter worth $338,000. Finally, Capstone Investment Advisors LLC acquired a new stake in Wingstop during the fourth quarter worth $417,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.
Wingstop Company Profile
Wingstop Inc is a franchisor and operator of restaurants that specialize in cooked-to-order, hand-sauced and tossed chicken wings. The Company offers its guests with over 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides. It is a casual chicken wings-focused restaurant chain with various concepts, which include wings as add-on menu items or focus on wings in a bar or sports-centric setting.
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