Fintel reports that on January 21, 2025, Morgan Stanley upgraded their outlook for Wingstop (NasdaqGS:WING) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 38.98% Upside
As of December 23, 2024, the average one-year price target for Wingstop is $379.31/share. The forecasts range from a low of $303.00 to a high of $491.40. The average price target represents an increase of 38.98% from its latest reported closing price of $272.92 / share.
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The projected annual revenue for Wingstop is 547MM, a decrease of 7.43%. The projected annual non-GAAP EPS is 2.88.
What is the Fund Sentiment?
There are 1,099 funds or institutions reporting positions in Wingstop. This is an increase of 59 owner(s) or 5.67% in the last quarter. Average portfolio weight of all funds dedicated to WING is 0.29%, an increase of 15.50%. Total shares owned by institutions increased in the last three months by 4.81% to 36,431K shares. 
The put/call ratio of WING is 1.21, indicating a bearish outlook.
What are Other Shareholders Doing?
American Century Companies holds 1,184K shares representing 4.05% ownership of the company. In its prior filing, the firm reported owning 1,165K shares , representing an increase of 1.57%. The firm decreased its portfolio allocation in WING by 5.06% over the last quarter.
Federated Hermes holds 1,052K shares representing 3.60% ownership of the company. In its prior filing, the firm reported owning 1,052K shares , representing a decrease of 0.00%. The firm decreased its portfolio allocation in WING by 8.79% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 928K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 926K shares , representing an increase of 0.17%. The firm decreased its portfolio allocation in WING by 7.38% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 916K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 914K shares , representing an increase of 0.28%. The firm decreased its portfolio allocation in WING by 9.84% over the last quarter.
Price T Rowe Associates holds 888K shares representing 3.04% ownership of the company. In its prior filing, the firm reported owning 936K shares , representing a decrease of 5.44%. The firm decreased its portfolio allocation in WING by 10.17% over the last quarter.
Wingstop Background Information
(This description is provided by the company.)
Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. operates and franchises over 1,500 locations worldwide. The Wing Experts are dedicated to Serving the World Flavor through an unparalleled guest experience and offering of classic wings, boneless wings and tenders, always cooked to order and hand-sauced-and-tossed in fans' choice of 11 bold, distinctive flavors. Wingstop's menu also features signature sides including fresh-cut, seasoned fries and freshly-made ranch and bleu cheese dips.
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