Wingstop (NASDAQ:WING) was downgraded by investment analysts at Jefferies Group from a “hold” rating to an “underperform” rating in a report released on Saturday, December 30th. They currently have a $34.00 target price on the restaurant operator’s stock, up from their prior target price of $29.00. Jefferies Group’s price target points to a potential downside of 24.58% from the stock’s current price.
Other analysts have also recently issued reports about the company. Robert W. Baird reissued a “buy” rating and issued a $44.00 price target (up 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 target on shares of Wingstop in a research report on Wednesday, November 29th. Stifel Nicolaus raised Wingstop from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $40.00 in a research report on Friday, November 3rd. Cowen reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Wingstop in a research report on Friday, November 24th. Finally, BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $39.92.
Wingstop (WING) opened at $45.08 on Friday. Wingstop has a twelve month low of $24.74 and a twelve month high of $45.14. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -2.37. The stock has a market capitalization of $1,287.45, a PE ratio of 62.61, a P/E/G ratio of 2.73 and a beta of 0.69.
Wingstop (NASDAQ:WING) last posted its 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 for the quarter, compared to the consensus estimate of $25.13 million. During the same quarter in the prior year, the business earned $0.13 EPS. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. equities analysts forecast 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 stock in a transaction on Monday, December 11th. The stock was sold at an average price of $41.03, for a total value of $205,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Flynn Dekker sold 16,350 shares of the stock in a transaction on Tuesday, November 7th. The stock was 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.
A number of hedge funds have recently modified their holdings of WING. Goldman Sachs Group Inc. grew its position in shares of Wingstop by 56.3% during the second 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 in the last quarter. CI Investments Inc. purchased a new position in shares of Wingstop during the third quarter valued at about $11,977,000. Dimensional Fund Advisors LP grew its position in shares of Wingstop by 334.0% during the second quarter. Dimensional Fund Advisors LP now owns 393,908 shares of the restaurant operator’s stock valued at $12,172,000 after purchasing an additional 303,156 shares in the last quarter. Koch Industries Inc. purchased a new position in shares of Wingstop during the second quarter valued at about $286,000. Finally, Balyasny Asset Management LLC purchased a new position in shares of Wingstop during the second quarter valued at about $7,795,000.
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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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