Piper Sandler Has Lowered Expectations for Wingstop (NASDAQ:WING) Stock Price

Wingstop (NASDAQ:WING - Get Free Report) had its price objective dropped by research analysts at Piper Sandler from $375.00 to $300.00 in a research note issued on Monday, Benzinga reports. The firm currently has a "neutral" rating on the restaurant operator's stock. Piper Sandler's price objective points to a potential upside of 0.95% from the stock's current price.

Several other equities research analysts have also issued reports on the stock. Northcoast Research raised shares of Wingstop from a "neutral" rating to a "buy" rating and set a $350.00 price objective for the company in a research note on Friday. The Goldman Sachs Group boosted their price target on Wingstop from $407.00 to $458.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. Citigroup increased their price objective on Wingstop from $417.00 to $440.00 and gave the company a "neutral" rating in a report on Friday, October 4th. Barclays reduced their target price on Wingstop from $470.00 to $380.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Truist Financial increased their price target on Wingstop from $407.00 to $423.00 and gave the company a "hold" rating in a report on Thursday, August 1st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $375.63.

Wingstop Price Performance

Wingstop stock traded up $0.24 during trading hours on Monday, hitting $297.18. The company had a trading volume of 686,423 shares, compared to its average volume of 453,771. Wingstop has a fifty-two week low of $204.01 and a fifty-two week high of $433.86. The firm has a market capitalization of $8.68 billion, a P/E ratio of 87.27, a price-to-earnings-growth ratio of 2.74 and a beta of 1.76. The firm's fifty day moving average is $388.10 and its 200-day moving average is $387.45.

Wingstop (NASDAQ:WING - Get Free Report) last issued its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.09). The firm had revenue of $162.50 million during the quarter, compared to analysts' expectations of $160.24 million. Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The business's revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. Analysts anticipate that Wingstop will post 3.79 earnings per share for the current year.

Insider Buying and Selling at Wingstop

In other news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the sale, the senior vice president now owns 97 shares in the company, valued at approximately $36,152.87. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.36% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Hollencrest Capital Management acquired a new stake in shares of Wingstop in the 2nd quarter valued at $27,000. Ashton Thomas Private Wealth LLC acquired a new position in Wingstop during the 2nd quarter valued at about $34,000. Massmutual Trust Co. FSB ADV grew its position in shares of Wingstop by 60.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator's stock worth $39,000 after buying an additional 35 shares during the period. V Square Quantitative Management LLC lifted its holdings in Wingstop by 60.6% in the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator's stock valued at $44,000 after buying an additional 40 shares during the period. Finally, Blue Trust Inc. boosted its stake in Wingstop by 384.6% in the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator's stock valued at $53,000 after acquiring an additional 100 shares during the last quarter.

Wingstop Company Profile

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.