Wingstop (NASDAQ:WING) Price Target Lowered to $160.00 at UBS Group

Wingstop (NASDAQ:WING) had its price objective dropped by stock analysts at UBS Group from $210.00 to $160.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price target would suggest a potential upside of 9.17% from the company’s current price.

Several other brokerages have also commented on WING. The Goldman Sachs Group lowered shares of Wingstop from a “buy” rating to a “neutral” rating and cut their price target for the stock from $290.00 to $190.00 in a report on Thursday, April 30th. Weiss Ratings downgraded Wingstop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada lowered their price objective on Wingstop from $275.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. TD Cowen reaffirmed a “hold” rating and issued a $160.00 target price on shares of Wingstop in a research note on Thursday, June 4th. Finally, BNP Paribas Exane began coverage on Wingstop in a report on Monday, March 30th. They set an “outperform” rating and a $275.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $274.82.

Wingstop Stock Up 2.2%

Shares of WING opened at $146.56 on Tuesday. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 1.59 and a beta of 1.82. Wingstop has a 52 week low of $116.35 and a 52 week high of $388.14. The stock’s 50-day moving average price is $156.71 and its 200-day moving average price is $215.14.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results 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 company had revenue of $183.73 million during 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%.Wingstop’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. As a group, equities analysts anticipate that Wingstop will post 4.59 EPS for the current fiscal year.

Institutional Trading of Wingstop

A number of hedge funds and other institutional investors have recently modified their holdings of WING. Vident Advisory LLC raised its holdings in Wingstop by 3.9% in the 4th quarter. Vident Advisory LLC now owns 959 shares of the restaurant operator’s stock valued at $229,000 after buying an additional 36 shares during the period. Allworth Financial LP increased its position in shares of Wingstop by 17.3% during the third quarter. Allworth Financial LP now owns 265 shares of the restaurant operator’s stock valued at $67,000 after acquiring an additional 39 shares during the last quarter. YANKCOM Partnership increased its position in shares of Wingstop by 10.1% during the fourth quarter. YANKCOM Partnership now owns 426 shares of the restaurant operator’s stock valued at $102,000 after acquiring an additional 39 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Wingstop by 1.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,628 shares of the restaurant operator’s stock worth $627,000 after acquiring an additional 45 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of Wingstop by 54.3% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 50 shares during the last quarter.

About Wingstop

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.