Wingstop (NASDAQ:WING) Upgraded to “Buy” at The Goldman Sachs Group

Wingstop (NASDAQ:WING) was upgraded by stock analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued on Friday, Marketbeat Ratings reports. The firm presently has a $377.00 price objective on the restaurant operator’s stock, down from their prior price objective of $458.00. The Goldman Sachs Group’s price target suggests a potential upside of 13.59% from the company’s previous close.

WING has been the subject of a number of other research reports. Benchmark upgraded Wingstop from a “hold” rating to a “buy” rating and set a $340.00 target price for the company in a report on Thursday, October 31st. Truist Financial lifted their price objective on Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Raymond James raised shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research report on Thursday, August 1st. Northcoast Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price objective on the stock in a research note on Friday, November 1st. Finally, Citigroup upped their target price on shares of Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $368.74.

Wingstop Stock Up 5.2 %

WING stock opened at $331.89 on Friday. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 96.76, a price-to-earnings-growth ratio of 2.94 and a beta of 1.76. The stock’s fifty day simple moving average is $381.45 and its 200-day simple moving average is $385.89. Wingstop has a 52-week low of $204.01 and a 52-week high of $433.86.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The company had revenue of $162.50 million during the quarter, compared to analyst estimates of $160.24 million. During the same period in the prior year, the business posted $0.69 earnings per share. Wingstop’s revenue was up 38.8% on a year-over-year basis. As a group, analysts anticipate that Wingstop will post 3.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WING. Hollencrest Capital Management bought a new position in shares of Wingstop in the second quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC acquired a new position in Wingstop during the second quarter worth about $34,000. Massmutual Trust Co. FSB ADV raised its position in Wingstop by 60.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock worth $39,000 after acquiring an additional 35 shares in the last quarter. V Square Quantitative Management LLC raised its position in Wingstop by 60.6% in the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 40 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Wingstop by 384.6% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $53,000 after acquiring an additional 100 shares in the last quarter.

About Wingstop

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.