Wedbush Lowers Wingstop (NASDAQ:WING) Price Target to $355.00

Wingstop (NASDAQ:WING) had its price objective dropped by investment analysts at Wedbush from $390.00 to $355.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Wedbush’s price objective suggests a potential upside of 33.95% from the company’s previous close. Wedbush also issued estimates for Wingstop’s Q1 2025 earnings at $1.05 EPS, Q2 2025 earnings at $1.09 EPS, Q3 2025 earnings at $1.11 EPS, FY2025 earnings at $4.35 EPS and FY2025 earnings at $4.35 EPS.

WING has been the subject of several other reports. Raymond James reissued an “outperform” rating and issued a $330.00 price objective (down from $375.00) on shares of Wingstop in a research report on Tuesday, January 28th. Stephens reaffirmed an “overweight” rating and issued a $450.00 price objective on shares of Wingstop in a research report on Wednesday. Piper Sandler decreased their price target on Wingstop from $375.00 to $300.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. BTIG Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective on the stock in a report on Thursday, October 31st. Finally, The Goldman Sachs Group upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and cut their price target for the stock from $458.00 to $377.00 in a report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $378.68.

Wingstop Trading Down 13.4 %

Shares of NASDAQ:WING opened at $265.02 on Thursday. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 77.27, a PEG ratio of 2.75 and a beta of 1.81. The company has a 50-day moving average price of $291.76 and a 200 day moving average price of $341.94. Wingstop has a 12 month low of $258.50 and a 12 month high of $433.86.

Wingstop announced that its Board of Directors has authorized a stock buyback program on Thursday, December 5th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to repurchase up to 5.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Wingstop news, SVP Raj Kapoor sold 266 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $324.38, for a total transaction of $86,285.08. Following the sale, the senior vice president now directly owns 266 shares in the company, valued at approximately $86,285.08. The trade was a 50.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC acquired a new stake in Wingstop in the third quarter worth approximately $36,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Wingstop by 521.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 73 shares during the period. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Wingstop by 62.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 35 shares during the period. Hollencrest Capital Management boosted its stake in Wingstop by 53.8% during the third quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 35 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Wingstop during the fourth quarter worth about $30,000.

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.