Wedbush downgraded shares of Wingstop (NASDAQ:WING) from an outperform rating to a neutral rating in a report released on Friday, January 5th, Marketbeat reports. Wedbush currently has $40.00 price target on the restaurant operator’s stock, up from their prior price target of $36.00. Wedbush also issued estimates for Wingstop’s FY2018 earnings at $0.82 EPS.
Several other research analysts have also recently issued reports on the company. Stifel Nicolaus started coverage on Wingstop in a research report on Monday, October 2nd. They issued a hold rating and a $35.00 target price on the stock. Cowen reissued an outperform rating and issued a $37.00 target price on shares of Wingstop in a research report on Saturday, September 16th. BidaskClub raised Wingstop from a hold rating to a buy rating in a research report on Tuesday, December 12th. Jefferies Group raised their target price on Wingstop from $28.00 to $29.00 and gave the stock a hold rating in a research report on Friday, November 3rd. Finally, Goldman Sachs Group reaffirmed a buy rating and set a $41.00 price objective on shares of Wingstop in a research report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $42.17.
Wingstop (WING) traded up $0.90 during trading on Friday, hitting $47.75. The company had a trading volume of 360,303 shares, compared to its average volume of 540,653. 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 12 month low of $24.74 and a 12 month high of $47.94. The stock has a market capitalization of $1,390.00 and a PE ratio of 66.32.
Wingstop (NASDAQ:WING) last released its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The company had revenue of $26.03 million for the quarter, compared to analysts’ expectations of $25.13 million. During the same period last year, the firm posted $0.13 earnings per share. Wingstop’s revenue was up 19.4% compared to the same quarter last year. research analysts anticipate that Wingstop will post 0.73 earnings per share for the current fiscal year.
In related news, insider Flynn Dekker sold 16,350 shares of Wingstop stock in a transaction that occurred on 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 SEC, which is accessible through the SEC website. Also, 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 value of $205,150.00. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. increased its stake in Wingstop by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock worth $118,000 after acquiring an additional 52 shares during the last quarter. Arizona State Retirement System increased its stake in Wingstop by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 15,100 shares of the restaurant operator’s stock worth $467,000 after acquiring an additional 100 shares during the last quarter. Riverhead Capital Management LLC increased its stake in Wingstop by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock worth $108,000 after acquiring an additional 1,396 shares during the last quarter. Victory Capital Management Inc. increased its stake in Wingstop by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 19,551 shares of the restaurant operator’s stock worth $604,000 after acquiring an additional 1,461 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in Wingstop by 3.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 52,142 shares of the restaurant operator’s stock worth $1,734,000 after acquiring an additional 1,546 shares during the last quarter.
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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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