Wingstop (NASDAQ:WING) Rating Lowered to Sell at Wall Street Zen

by · The Cerbat Gem

Wingstop (NASDAQ:WING – Get Free Report) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts also recently commented on WING. Morgan Stanley decreased their target price on Wingstop from $363.00 to $345.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Royal Bank Of Canada lifted their price objective on Wingstop from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. Mizuho lowered their target price on Wingstop from $320.00 to $310.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. The Goldman Sachs Group cut their target price on shares of Wingstop from $370.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Finally, Citigroup boosted their price target on shares of Wingstop from $267.00 to $286.00 and gave the stock a “neutral” rating in a research report on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $338.75.

Check Out Our Latest Report on WING

Wingstop Stock Performance

Shares of NASDAQ WING opened at $264.01 on Friday. The company has a market cap of $7.34 billion, a P/E ratio of 43.00, a P/E/G ratio of 3.31 and a beta of 1.80. Wingstop has a 52-week low of $204.00 and a 52-week high of $388.14. The firm’s fifty day moving average is $261.08 and its two-hundred day moving average is $272.04.

Insiders Place Their Bets

In related news, Director Kilandigalu Madati sold 269 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total value of $69,931.93. Following the completion of the sale, the director directly owned 5,283 shares in the company, valued at $1,373,421.51. This trade represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Wingstop

A number of institutional investors and hedge funds have recently modified their holdings of WING. American Century Companies Inc. grew its position in Wingstop by 23.3% in the 2nd quarter. American Century Companies Inc. now owns 1,557,383 shares of the restaurant operator’s stock valued at $524,433,000 after acquiring an additional 294,786 shares during the last quarter. Lone Pine Capital LLC purchased a new stake in shares of Wingstop during the third quarter valued at $375,317,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Wingstop by 48.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,405,894 shares of the restaurant operator’s stock worth $335,292,000 after purchasing an additional 456,861 shares during the last quarter. Steadfast Capital Management LP increased its stake in Wingstop by 296.2% in the 3rd quarter. Steadfast Capital Management LP now owns 950,521 shares of the restaurant operator’s stock worth $239,227,000 after buying an additional 710,621 shares during the period. Finally, Artisan Partners Limited Partnership increased its stake in Wingstop by 20.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 890,451 shares of the restaurant operator’s stock worth $224,109,000 after buying an additional 153,082 shares during the period.

About Wingstop

(Get Free Report)

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.

Featured Stories