Stock market today: Stocks fall as investors rotate out of tech into Jackson Hole
Wingstop Inc (NASDAQ:WING). shares have tumbled to a 52-week low, with the stock price touching $218.19, reflecting broader market headwinds and internal challenges. According to InvestingPro data, the stock is currently trading near its Fair Value, with a beta of 1.85 indicating higher volatility than the broader market. The popular chicken-wing chain has seen its stock significantly retreat from higher levels over the past year, marking a stark -40.57% change. Despite the recent decline, the company maintains strong fundamentals with a 48% gross profit margin and 36% revenue growth over the last twelve months. Investors are closely monitoring the company’s performance as it navigates through a period of economic uncertainty and competitive pressures, which have weighed heavily on the stock’s valuation. The current price level presents a critical juncture for Wingstop as it strives to regain momentum and reassure shareholders of its long-term growth potential. For deeper insights into Wingstop’s valuation and growth prospects, InvestingPro offers comprehensive analysis with 16 additional ProTips and a detailed research report.
In other recent news, Wingstop has been the subject of multiple analyst reports following its latest financial results. Wingstop’s fourth-quarter earnings showed a 27% year-over-year revenue increase to $162 million, though this fell short of the $165 million consensus estimate. The company’s earnings per share (EPS) of $0.92 and adjusted EBITDA of $56.3 million both exceeded market expectations, surpassing forecasts of $0.87 EPS and $51.5 million adjusted EBITDA. Benchmark analysts adjusted their price target to $325 from $340, maintaining a Buy rating, while TD Cowen reduced their target to $305 from $365, also keeping a Buy rating.
Guggenheim upgraded Wingstop’s stock from Neutral to Buy, setting a new price target of $280, citing confidence in the company’s growth potential. Truist Securities cut their price target to $290, maintaining a Hold rating, due to mixed fourth-quarter results and unclear same-store sales trends. Bernstein lowered their target to $330 from $380, maintaining an Outperform rating, acknowledging a challenging operating environment but emphasizing Wingstop’s market potential and increased advertising efforts. These recent developments reflect a range of analyst perspectives on Wingstop’s long-term growth prospects and current financial performance.
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