Truist Financial Lowers Wingstop (NASDAQ:WING) Price Target to $242.00

Wingstop (NASDAQ:WING - Get Free Report) had its price target decreased by equities research analysts at Truist Financial from $265.00 to $242.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a "hold" rating on the restaurant operator's stock. Truist Financial's target price would suggest a potential upside of 16.59% from the company's previous close.

A number of other brokerages have also commented on WING. Benchmark decreased their price target on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. BTIG Research reissued a "buy" rating on shares of Wingstop in a research note on Tuesday, March 25th. Morgan Stanley dropped their price target on Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Jefferies Financial Group raised Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price objective on the stock in a report on Monday, March 31st. Finally, Guggenheim upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 price objective for the company in a report on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $340.00.

Wingstop Stock Down 1.5 %

NASDAQ:WING traded down $3.26 during mid-day trading on Tuesday, hitting $207.56. 159,015 shares of the stock traded hands, compared to its average volume of 577,875. The company has a market cap of $5.79 billion, a PE ratio of 56.46, a price-to-earnings-growth ratio of 2.27 and a beta of 2.02. The business's 50-day moving average price is $233.22 and its 200 day moving average price is $289.22. Wingstop has a 12-month low of $204.00 and a 12-month high of $433.86.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WING. American Century Companies Inc. grew its stake in shares of Wingstop by 1.9% in the 4th quarter. American Century Companies Inc. now owns 1,206,062 shares of the restaurant operator's stock worth $342,763,000 after buying an additional 22,552 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Wingstop by 29.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,150,217 shares of the restaurant operator's stock valued at $326,893,000 after acquiring an additional 262,229 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Wingstop by 0.9% in the 3rd quarter. Franklin Resources Inc. now owns 816,991 shares of the restaurant operator's stock worth $326,020,000 after purchasing an additional 7,204 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Wingstop by 23.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 801,732 shares of the restaurant operator's stock worth $227,852,000 after purchasing an additional 154,055 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in Wingstop by 21.4% during the 4th quarter. Alliancebernstein L.P. now owns 573,999 shares of the restaurant operator's stock valued at $163,131,000 after purchasing an additional 101,247 shares during 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.

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