SoFi shares rise as record revenue, member growth drive strong Q3 results
Raj Kapoor, Senior Vice President and President of International at Wingstop Inc . (NASDAQ:WING), recently executed a sale of company stock. On December 12, Kapoor sold 266 shares of Wingstop's common stock at an average price of $324.376 per share, totaling approximately $86,284. Following this transaction, Kapoor retains ownership of 266 shares in the company. This sale is part of Kapoor's ongoing management of his holdings in the restaurant chain, which currently commands a market capitalization of $8.8 billion. According to InvestingPro analysis, Wingstop appears overvalued at current levels, despite showing impressive revenue growth of 35% over the last twelve months. The company maintains a "GREAT" financial health score, though investors should note its relatively high earnings multiple. For deeper insights into Wingstop's valuation and growth prospects, access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Wingstop has been under the magnifying glass of several market analysis firms. Bernstein identified Wingstop as a standout investment opportunity in the U.S. restaurant sector, despite a reported year-on-year decline in same-store sales. Raymond (NS:RYMD) James maintained an Outperform rating on the company and raised its price target to $375, following Wingstop's announcement of a $500 million share repurchase program.
Stifel also reaffirmed its Buy rating on Wingstop's stock, with a price target of $400, despite revising its earnings per share projections due to the company's recent financial activities. BTIG echoed this sentiment, maintaining its Buy rating and a price target of $370.
Wingstop's Q3 earnings report showed a significant increase in earnings per share of $0.88, a 35.4% rise, and a substantial 38.8% growth in total revenue to $162.5 million. The company's domestic same-store sales also rose by 20.9%. Furthermore, Wingstop plans to open between 320 and 330 new units, exceeding previous forecasts.
However, Piper Sandler adjusted its outlook on Wingstop shares, reducing the price target to $300 from the previous $375, while maintaining a Neutral rating on the stock. These recent developments highlight the dynamic and evolving financial landscape surrounding Wingstop.
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