Wedbush analyst Nick Setyan reiterated a Buy rating on Wingstop (NASDAQ:WING) on Thursday, setting a price target of $205, which is approximately 35.33% above the present share price of $151.48.
Setyan expects Wingstop to post earnings per share (EPS) of $0.38 for the fourth quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Wingstop, with an average price target of $185.92.
The analysts price targets range from a high of $205 to a low of $165.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $74 million and a net profit of $18.9 million. The company's market cap is $4.51 billion.
According to TipRanks.com, Wedbush analyst Nick Setyan is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.0% and a 55.85% success rate.
Wingstop, Inc. is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. It operates through Franchise and Company segments. The Franchise segment consists of domestic and international franchise restaurants. The Company segment comprises company-owned restaurants. The company was founded in 1994 and is headquartered in Dallas, TX.