Wingstop (NASDAQ:WING) Given Hold Rating at TD Cowen

Wingstop (NASDAQ:WING)‘s stock had its “hold” rating restated by equities researchers at TD Cowen in a research note issued to investors on Thursday,Benzinga reports. They currently have a $160.00 target price on the restaurant operator’s stock. TD Cowen’s target price suggests a potential upside of 11.05% from the stock’s current price.

Several other research analysts have also commented on the stock. BNP Paribas Exane initiated coverage on shares of Wingstop in a research note on Monday, March 30th. They set an “outperform” rating and a $275.00 price objective for the company. Truist Financial set a $374.00 price target on Wingstop and gave the stock a “buy” rating in a report on Wednesday, February 18th. Barclays dropped their price objective on Wingstop from $330.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Citigroup cut their price objective on Wingstop from $230.00 to $229.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, Guggenheim reduced their target price on Wingstop from $255.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Wingstop presently has an average rating of “Moderate Buy” and a consensus target price of $277.68.

Wingstop Price Performance

Shares of NASDAQ WING traded up $0.03 during mid-day trading on Thursday, hitting $144.08. 88,210 shares of the company’s stock traded hands, compared to its average volume of 1,143,970. The company has a market capitalization of $3.92 billion, a P/E ratio of 36.02, a PEG ratio of 1.68 and a beta of 1.82. Wingstop has a 1 year low of $116.35 and a 1 year high of $388.14. The company’s 50-day moving average is $157.99 and its two-hundred day moving average is $216.98.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The business had revenue of $183.73 million for the quarter, compared to the consensus estimate of $187.82 million. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share. Equities analysts anticipate that Wingstop will post 4.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Lone Pine Capital LLC bought a new position in Wingstop in the third quarter worth approximately $375,317,000. Steadfast Capital Management LP increased its holdings in shares of Wingstop by 296.2% in the 3rd quarter. Steadfast Capital Management LP now owns 950,521 shares of the restaurant operator’s stock valued at $239,227,000 after acquiring an additional 710,621 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Wingstop by 48.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,405,894 shares of the restaurant operator’s stock worth $335,292,000 after acquiring an additional 456,861 shares in the last quarter. Capital World Investors raised its position in shares of Wingstop by 160.6% in the 3rd quarter. Capital World Investors now owns 740,896 shares of the restaurant operator’s stock worth $186,469,000 after acquiring an additional 456,637 shares in the last quarter. Finally, Atreides Management LP purchased a new stake in shares of Wingstop during the 4th quarter worth $93,012,000.

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.