Wingstop (NASDAQ:WING) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.
A number of other equities analysts also recently weighed in on the company. Robert W. Baird reaffirmed a “buy” rating and set a $44.00 price target (up previously from $30.00) on shares of Wingstop in a research report on Monday, December 4th. Goldman Sachs Group reissued a “buy” rating and issued a $41.00 price objective on shares of Wingstop in a report on Wednesday, November 29th. Guggenheim downgraded Wingstop from a “buy” rating to a “neutral” rating in a report on Wednesday, November 29th. Cowen reissued a “buy” rating and issued a $41.00 price objective on shares of Wingstop in a report on Friday, November 24th. Finally, Zacks Investment Research downgraded Wingstop from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.50.
Wingstop (WING) opened at $42.72 on Tuesday. Wingstop has a 12-month low of $24.74 and a 12-month high of $43.25. The company has a debt-to-equity ratio of -2.37, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $1,205.99, a P/E ratio of 57.57, a price-to-earnings-growth ratio of 2.93 and a beta of 0.69.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The firm had revenue of $26.03 million during the quarter, compared to the consensus estimate of $25.13 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The business’s revenue was up 19.4% on a year-over-year basis. sell-side analysts expect that Wingstop will post 0.73 earnings per share for the current year.
In other Wingstop news, Director Michael J. Hislop sold 5,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $41.03, for a total transaction of $205,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Flynn Dekker sold 16,350 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total value of $584,839.50. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Pier Capital LLC acquired a new stake in Wingstop during the 2nd quarter valued at $7,703,000. Goldman Sachs Group Inc. lifted its holdings in Wingstop by 56.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,453,769 shares of the restaurant operator’s stock valued at $44,921,000 after purchasing an additional 523,811 shares during the last quarter. Cadence Capital Management LLC increased its position in Wingstop by 85.2% during the 2nd quarter. Cadence Capital Management LLC now owns 18,300 shares of the restaurant operator’s stock worth $565,000 after buying an additional 8,420 shares during the period. ETRADE Capital Management LLC bought a new position in Wingstop during the 3rd quarter worth $360,000. Finally, Timpani Capital Management LLC bought a new position in Wingstop during the 2nd quarter worth $2,084,000.
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Wingstop Company Profile
Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.
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