Wingstop (NASDAQ:WING)‘s stock had its “equal weight” rating restated by equities researchers at Barclays in a research note issued on Tuesday. They currently have a $44.00 target price on the restaurant operator’s stock, up from their previous target price of $36.00. Barclays’ target price points to a potential downside of 0.68% from the company’s previous close.
Several other brokerages have also recently commented on WING. SunTrust Banks set a $52.00 price objective on shares of Wingstop and gave the company a “buy” rating in a research note on Thursday, January 11th. Wedbush cut shares of Wingstop from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $36.00 to $40.00 in a research note on Friday, January 5th. Robert W. Baird reaffirmed a “buy” rating and set a $49.00 price objective on shares of Wingstop in a research note on Wednesday, January 3rd. Jefferies Group cut shares of Wingstop from a “hold” rating to an “underperform” rating and boosted their price objective for the company from $29.00 to $34.00 in a research note on Saturday, December 30th. Finally, BidaskClub cut shares of Wingstop from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Wingstop has an average rating of “Hold” and a consensus target price of $40.75.
Wingstop (WING) traded down $0.11 on Tuesday, hitting $44.30. 336,300 shares of the stock traded hands, compared to its average volume of 593,036. The stock has a market capitalization of $1,292.11, a P/E ratio of 61.53, a price-to-earnings-growth ratio of 2.74 and a beta of 0.69. The company has a debt-to-equity ratio of -2.37, a current ratio of 0.89 and a quick ratio of 0.89. Wingstop has a 52-week low of $24.74 and a 52-week high of $45.70.
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 the consensus estimate of $0.15 by $0.02. The firm had revenue of $26.03 million during the quarter, compared to the consensus estimate of $25.13 million. Wingstop had a net margin of 20.70% and a negative return on equity of 32.39%. The company’s revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. research 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 Wingstop stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $41.03, for a total transaction of $205,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Flynn Dekker sold 16,350 shares of Wingstop stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total transaction of $584,839.50. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Riverhead Capital Management LLC lifted its position in Wingstop by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock valued at $108,000 after purchasing an additional 1,396 shares during the last quarter. Pinebridge Investments L.P. lifted its position in Wingstop by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock valued at $118,000 after purchasing an additional 52 shares during the last quarter. Turner Investments LLC bought a new stake in Wingstop during the third quarter valued at approximately $150,000. Piedmont Investment Advisors LLC bought a new stake in Wingstop during the third quarter valued at approximately $210,000. Finally, Bayesian Capital Management LP bought a new stake in Wingstop during the second quarter valued at approximately $241,000.
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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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