Wingstop (NASDAQ:WING) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
A number of other research analysts have also issued reports on WING. Jefferies Financial Group reiterated a “sell” rating and set a $42.00 price target on shares of Wingstop in a research report on Friday, July 13th. TheStreet upgraded Wingstop from a “c+” rating to a “b” rating in a research report on Friday, July 13th. Morgan Stanley boosted their price target on Wingstop from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, August 3rd. SunTrust Banks reiterated a “buy” rating and set a $62.00 price target on shares of Wingstop in a research report on Friday, August 3rd. Finally, Stephens reiterated a “buy” rating and set a $57.00 price target on shares of Wingstop in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $64.13.
Shares of WING opened at $64.56 on Wednesday. The firm has a market cap of $1.83 billion, a P/E ratio of 87.24, a P/E/G ratio of 3.71 and a beta of 1.10. Wingstop has a 12 month low of $35.49 and a 12 month high of $75.58.
Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Monday, October 29th. The restaurant operator reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The firm had revenue of $38.25 million during the quarter, compared to the consensus estimate of $38.02 million. Wingstop had a negative return on equity of 21.61% and a net margin of 21.14%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. On average, analysts anticipate that Wingstop will post 0.86 earnings per share for the current year.
In other news, insider Stacy Peterson sold 3,437 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $66.05, for a total value of $227,013.85. Following the completion of the sale, the insider now owns 38,339 shares in the company, valued at $2,532,290.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael J. Hislop sold 5,900 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $69.11, for a total value of $407,749.00. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in WING. California Public Employees Retirement System acquired a new stake in shares of Wingstop in the first quarter valued at $1,449,000. Millennium Management LLC acquired a new stake in shares of Wingstop in the first quarter valued at $4,037,000. Legal & General Group Plc lifted its holdings in shares of Wingstop by 2.2% in the first quarter. Legal & General Group Plc now owns 54,164 shares of the restaurant operator’s stock valued at $2,559,000 after buying an additional 1,148 shares during the period. Royal Bank of Canada lifted its holdings in shares of Wingstop by 49,828.4% in the first quarter. Royal Bank of Canada now owns 138,801 shares of the restaurant operator’s stock valued at $6,555,000 after buying an additional 138,523 shares during the period. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Wingstop during the first quarter valued at $238,000.
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.
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