DA Davidson Cuts Wingstop (NASDAQ:WING) Price Target to $200.00

Wingstop (NASDAQ:WING) had its target price cut by DA Davidson from $230.00 to $200.00 in a research report report published on Thursday morning, Marketbeat.com reports. They currently have a buy rating on the restaurant operator’s stock.

Several other analysts have also issued reports on the company. Wall Street Zen upgraded Wingstop from a “sell” rating to a “hold” rating in a research note on Tuesday, July 14th. BTIG Research reiterated a “buy” rating and set a $305.00 price target on shares of Wingstop in a research note on Monday, July 13th. Guggenheim decreased their price objective on Wingstop from $255.00 to $215.00 and set a “buy” rating for the company in a report on Monday, May 4th. Weiss Ratings cut Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Finally, TD Cowen reaffirmed a “hold” rating and set a $160.00 price objective on shares of Wingstop in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $255.81.

Wingstop Stock Up 0.3%

Shares of WING stock opened at $135.20 on Thursday. The company has a 50 day moving average of $151.74 and a 200-day moving average of $192.82. Wingstop has a 12-month low of $116.35 and a 12-month high of $381.45. The firm has a market cap of $3.68 billion, a P/E ratio of 33.63, a PEG ratio of 1.61 and a beta of 1.79.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The company had revenue of $183.72 million for the quarter, compared to analysts’ expectations of $187.82 million. During the same quarter in the previous year, the firm posted $0.99 EPS. Wingstop’s revenue was up 7.4% on a year-over-year basis. As a group, equities analysts expect that Wingstop will post 4.56 EPS for the current year.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 0.9%. Wingstop’s dividend payout ratio is currently 29.85%.

Hedge Funds Weigh In On Wingstop

Several hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in Wingstop by 2.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,111,089 shares of the restaurant operator’s stock worth $503,475,000 after purchasing an additional 58,386 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Wingstop by 48.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,405,894 shares of the restaurant operator’s stock valued at $335,292,000 after buying an additional 456,861 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Wingstop by 6.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,173,613 shares of the restaurant operator’s stock valued at $279,895,000 after buying an additional 70,224 shares during the period. Steadfast Capital Management LP increased its position in shares of Wingstop by 296.2% during the third quarter. Steadfast Capital Management LP now owns 950,521 shares of the restaurant operator’s stock valued at $239,227,000 after buying an additional 710,621 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of Wingstop by 18.3% in the first quarter. Janus Henderson Group PLC now owns 798,616 shares of the restaurant operator’s stock worth $123,761,000 after buying an additional 123,315 shares in the last quarter.

Key Wingstop News

Here are the key news stories impacting Wingstop this week:

• Positive Sentiment: Wingstop launched “Wingstop Wing Week,” expanding National Wing Day into a five-day event with free wings, Club Wingstop rewards, and live music giveaways, which could help boost customer traffic and brand engagement. Wingstop Expands Wing Day into Wing Week, Kicking Off a Broader $1 Million in Fan Experiences and Giveaways
• Positive Sentiment: Multiple reports highlighted Wingstop’s National Wing Day promotion expansion, reinforcing that the company is using limited-time offers and giveaways to drive consumer interest. Wingstop is turning National Wing Day into a full week with free wings and daily prize giveaways
• Neutral Sentiment: Brokerage coverage remained constructive overall, with a consensus “Moderate Buy” rating still in place, suggesting analysts remain generally optimistic about the stock’s outlook. Wingstop Inc. (NASDAQ:WING) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Neutral Sentiment: Mizuho lowered its price target on Wingstop to $240 from $280, but kept an “outperform” rating, indicating confidence remains intact despite a reduced valuation target. The Fly
• Neutral Sentiment: DA Davidson also cut its price target to $200 from $230 while maintaining a “buy” rating, which may reflect near-term caution but not a change in the firm’s positive view. Benzinga
• Neutral Sentiment: Wingstop announced a restaurant opening in Craigavon, supporting its ongoing expansion strategy, though the article did not indicate a material financial impact. US chicken chain Wingstop in Craigavon restaurant opening

Wingstop Company Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.