Wingstop (NASDAQ:WING) has been assigned a $52.00 target price by stock analysts at SunTrust Banks in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the restaurant operator’s stock. SunTrust Banks’ price objective suggests a potential upside of 19.95% from the company’s current price.
A number of other research firms have also issued reports on WING. BidaskClub upgraded Wingstop from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Deutsche Bank assumed coverage on Wingstop in a report on Monday, December 18th. They issued a “hold” rating and a $38.00 target price for the company. Wedbush lowered Wingstop from an “outperform” rating to a “neutral” rating and lifted their target price for the company from $36.00 to $40.00 in a report on Friday, January 5th. Guggenheim lowered Wingstop from a “buy” rating to a “neutral” rating in a report on Wednesday, November 29th. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $41.00 target price on shares of Wingstop in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Wingstop presently has an average rating of “Hold” and a consensus price target of $39.92.
Shares of Wingstop (WING) opened at $43.35 on Thursday. Wingstop has a one year low of $24.74 and a one year high of $44.75. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of -2.37. The firm has a market capitalization of $1,260.00 and a price-to-earnings ratio of 60.21.
Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $26.03 million during the quarter, compared to analysts’ expectations of $25.13 million. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The company’s revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share. sell-side analysts predict that Wingstop will post 0.73 EPS for the current fiscal year.
In other Wingstop news, insider Flynn Dekker sold 16,350 shares of Wingstop stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total transaction of $584,839.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Hislop sold 5,000 shares of Wingstop stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $41.03, for a total value of $205,150.00. The disclosure for this sale can be found here. 1.76% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC lifted its holdings in Wingstop by 46.5% during the 3rd quarter. Sterling Capital Management LLC now owns 38,705 shares of the restaurant operator’s stock worth $1,287,000 after buying an additional 12,287 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Wingstop during the 3rd quarter worth about $210,000. Bamco Inc. NY lifted its holdings in Wingstop by 4.7% during the 3rd quarter. Bamco Inc. NY now owns 1,010,000 shares of the restaurant operator’s stock worth $33,582,000 after buying an additional 45,000 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Wingstop during the third quarter worth about $350,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Wingstop during the third quarter worth about $1,453,000.
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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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