Robert W. Baird Has Lowered Expectations for Wingstop (NASDAQ:WING) Stock Price

Wingstop (NASDAQ:WING) had its price target lowered by equities researchers at Robert W. Baird from $375.00 to $350.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Robert W. Baird’s target price suggests a potential upside of 50.63% from the company’s previous close.

A number of other equities analysts have also recently commented on WING. Stephens reiterated an “overweight” rating and issued a $450.00 target price on shares of Wingstop in a report on Wednesday, February 19th. Morgan Stanley dropped their price objective on shares of Wingstop from $389.00 to $375.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus reduced their target price on shares of Wingstop from $375.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Benchmark dropped their price target on shares of Wingstop from $340.00 to $325.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Wells Fargo & Company started coverage on shares of Wingstop in a research report on Wednesday, March 26th. They issued an “overweight” rating and a $270.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wingstop has an average rating of “Moderate Buy” and an average price target of $348.23.

Wingstop Trading Down 4.3 %

Shares of NASDAQ WING opened at $232.36 on Monday. Wingstop has a 12-month low of $205.60 and a 12-month high of $433.86. The firm’s 50-day moving average price is $252.80 and its 200-day moving average price is $305.95. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 62.63, a P/E/G ratio of 2.27 and a beta of 2.01.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new stake in Wingstop during the fourth quarter valued at about $10,177,000. SG Americas Securities LLC lifted its position in shares of Wingstop by 277.5% during the fourth quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator’s stock valued at $1,356,000 after buying an additional 3,507 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of Wingstop by 779.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator’s stock valued at $5,247,000 after buying an additional 16,361 shares in the last quarter. Los Angeles Capital Management LLC grew its position in shares of Wingstop by 475.0% in the 4th quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator’s stock worth $19,676,000 after buying an additional 57,193 shares during the last quarter. Finally, Conway Capital Management Inc. bought a new position in shares of Wingstop during the 3rd quarter worth approximately $3,544,000.

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.