Asia tech stocks slide tracking Wall St losses amid AI doubts, govt. uncertainty
Donnie Upshaw, Senior Vice President of Corporate Restaurants & Chief People Officer at Wingstop Inc . (NASDAQ:WING), recently sold shares of the company according to an SEC filing. On March 2, Upshaw sold 91 shares of Wingstop common stock at a price of $234.78 per share, totaling $21,364. Following this transaction, Upshaw holds 7,903 shares of Wingstop stock.
Additionally, on the same day, Upshaw acquired 230 shares through the conversion of restricted stock units (RSUs) into common stock, as part of his compensation package. These RSUs were granted under the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan and vest in three equal annual installments. According to InvestingPro analysis, Wingstop maintains strong profitability with a 48% gross margin, though it currently trades at elevated valuation multiples. For deeper insights into Wingstop’s valuation and 18 additional exclusive ProTips, consider accessing the comprehensive Pro Research Report.
In other recent news, Wingstop has been the subject of various analyst updates following its recent earnings report. Wingstop’s fourth-quarter revenue increased by 27% to $162 million, though it fell short of the $165 million consensus estimate. The company’s domestic same-store sales grew by 10.1%, slightly below the expected 10.6%. Despite these misses, Wingstop exceeded expectations in other financial metrics, with earnings per share (EPS) and adjusted EBITDA both experiencing a 44% year-over-year increase, surpassing consensus estimates.
Guggenheim upgraded Wingstop’s stock rating from Neutral to Buy, setting a price target of $280, citing confidence in the company’s competitive strengths and growth potential. Meanwhile, Benchmark and TD Cowen both maintained Buy ratings but adjusted their price targets to $325 and $305, respectively, reflecting mixed financial results and future expectations. Truist Securities and Bernstein also revised their price targets downward to $290 and $330, while maintaining a Hold and Outperform rating, respectively.
These analyst updates highlight a mix of optimism and caution, with some firms noting potential headwinds but also recognizing Wingstop’s long-term growth prospects. The company’s strategic initiatives, such as international expansion and advancements in customer relationship management, are viewed positively by analysts. Despite the challenges, Wingstop’s untapped market potential and ongoing developments suggest a promising outlook, according to the assessments provided by these firms.
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