Wingstop (NASDAQ:WING) Price Target Cut to $260.00 by Analysts at Barclays

Wingstop (NASDAQ:WING - Get Free Report) had its price objective cut by stock analysts at Barclays from $315.00 to $260.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the restaurant operator's stock. Barclays's target price indicates a potential upside of 25.90% from the stock's current price.

A number of other research analysts have also recently issued reports on WING. Wells Fargo & Company began coverage on shares of Wingstop in a report on Wednesday, March 26th. They issued an "overweight" rating and a $270.00 target price for the company. Morgan Stanley reduced their price objective on Wingstop from $389.00 to $375.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Northcoast Research downgraded Wingstop from a "buy" rating to a "neutral" rating in a research report on Friday, February 21st. Raymond James reaffirmed an "outperform" rating and set a $330.00 price target (down previously from $375.00) on shares of Wingstop in a research note on Tuesday, January 28th. Finally, BMO Capital Markets lowered their price objective on shares of Wingstop from $335.00 to $300.00 and set a "market perform" rating on the stock in a research note on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $337.50.

Wingstop Price Performance

Shares of NASDAQ WING traded down $4.31 during trading on Tuesday, hitting $206.51. 200,478 shares of the company were exchanged, compared to its average volume of 578,000. The firm's fifty day moving average price is $233.22 and its 200 day moving average price is $289.22. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 55.79, a PEG ratio of 2.27 and a beta of 2.02. Wingstop has a 1 year low of $204.00 and a 1 year high of $433.86.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 73 shares during the period. CBIZ Investment Advisory Services LLC lifted its holdings in Wingstop by 62.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 35 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Wingstop by 93.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 128 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 62 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Wingstop in the fourth quarter valued at about $30,000. Finally, True Wealth Design LLC lifted its stake in shares of Wingstop by 62.1% during the 4th quarter. True Wealth Design LLC now owns 141 shares of the restaurant operator's stock worth $40,000 after buying an additional 54 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.

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