Cowen Reiterates Outperform Rating for Wingstop (NASDAQ:WING)

Wingstop (NASDAQ:WING)‘s stock had its “outperform” rating restated by equities research analysts at Cowen in a report issued on Tuesday, February 6th. They currently have a $51.00 price target on the restaurant operator’s stock, up from their previous price target of $46.00. Cowen’s target price would suggest a potential upside of 11.48% from the stock’s previous close.

A number of other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Wingstop from a “hold” rating to a “strong-buy” rating and set a $55.00 price target on the stock in a research note on Friday, February 2nd. Stephens reiterated a “buy” rating and issued a $50.00 price target on shares of Wingstop in a research note on Wednesday, January 31st. BidaskClub upgraded shares of Wingstop from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Wells Fargo & Co reiterated an “outperform” rating and issued a $52.00 price target (up previously from $37.00) on shares of Wingstop in a research note on Tuesday, January 23rd. Finally, Barclays reissued an “equal weight” rating and issued a $44.00 price objective (up previously from $36.00) on shares of Wingstop in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $45.50.

Wingstop (NASDAQ WING) opened at $45.75 on Tuesday. Wingstop has a 52 week low of $24.74 and a 52 week high of $49.69. The company has a market cap of $1,313.64, a PE ratio of 62.71, a P/E/G ratio of 2.84 and a beta of 1.01. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of -2.37.

In other news, Director Michael J. Hislop sold 5,000 shares of the company’s 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles R. Morrison sold 1,476 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $48.13, for a total transaction of $71,039.88. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.

Several institutional investors have recently modified their holdings of WING. CI Investments Inc. bought a new stake in shares of Wingstop during the 3rd quarter worth approximately $11,977,000. Dimensional Fund Advisors LP lifted its stake in Wingstop by 334.0% in the 2nd 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 during the last quarter. Koch Industries Inc. bought a new position in Wingstop in the 2nd quarter valued at approximately $286,000. State Street Corp lifted its stake in Wingstop by 47.7% in the 2nd quarter. State Street Corp now owns 635,514 shares of the restaurant operator’s stock valued at $19,639,000 after purchasing an additional 205,100 shares during the last quarter. Finally, SG Capital Management LLC bought a new position in Wingstop in the 4th quarter valued at approximately $5,371,000.

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About Wingstop

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.

Analyst Recommendations for Wingstop (NASDAQ:WING)

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