Wingstop (NASDAQ:WING)‘s stock had its “buy” rating reaffirmed by Wedbush in a note issued to investors on Friday. They presently have a $41.00 price target on the restaurant operator’s stock. Wedbush’s price target would suggest a potential downside of 7.62% from the company’s previous close. Wedbush also issued estimates for Wingstop’s Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.19 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $0.95 EPS.
A number of other research firms also recently issued reports on WING. SunTrust Banks reissued a “buy” rating and set a $50.00 price target on shares of Wingstop in a research report on Wednesday, January 3rd. Zacks Investment Research downgraded Wingstop from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a research report on Thursday, January 25th. Robert W. Baird reissued a “buy” rating and set a $44.00 price target (up previously from $30.00) on shares of Wingstop in a research report on Monday, December 4th. Finally, Stephens reissued a “buy” rating and set a $50.00 price target on shares of Wingstop in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $45.42.
Wingstop (NASDAQ WING) opened at $44.38 on Friday. The company has a market capitalization of $1,291.24, a price-to-earnings ratio of 59.97, a P/E/G ratio of 2.78 and a beta of 1.01. Wingstop has a 12 month low of $24.74 and a 12 month high of $49.69. 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 (NASDAQ:WING) last posted its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. Wingstop had a negative return on equity of 35.18% and a net margin of 25.87%. The firm had revenue of $28.29 million during the quarter, compared to the consensus estimate of $27.49 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. equities analysts predict that Wingstop will post 0.75 EPS for the current fiscal year.
In other news, Chairman Charles R. Morrison sold 1,476 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $48.13, for a total value of $71,039.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael J. Hislop sold 5,000 shares of the company’s 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. Insiders sold 7,036 shares of company stock valued at $300,847 in the last ninety days. Company insiders own 1.76% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Meadow Creek Investment Management LLC boosted its position in shares of Wingstop by 25.7% in the fourth quarter. Meadow Creek Investment Management LLC now owns 5,984 shares of the restaurant operator’s stock worth $233,000 after buying an additional 1,224 shares during the period. Alliancebernstein L.P. boosted its position in shares of Wingstop by 3.8% in the fourth quarter. Alliancebernstein L.P. now owns 35,700 shares of the restaurant operator’s stock worth $1,392,000 after buying an additional 1,300 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of Wingstop by 3.1% in the third 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 buying an additional 1,546 shares during the period. Rhumbline Advisers boosted its position in shares of Wingstop by 3.0% in the third quarter. Rhumbline Advisers now owns 55,420 shares of the restaurant operator’s stock worth $1,843,000 after buying an additional 1,615 shares during the period. Finally, Lisanti Capital Growth LLC boosted its position in shares of Wingstop by 3.1% in the fourth quarter. Lisanti Capital Growth LLC now owns 72,945 shares of the restaurant operator’s stock worth $2,843,000 after buying an additional 2,165 shares during the period.
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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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