Wingstop Inc. (NASDAQ:WING)‘s stock had its “buy” rating reiterated by analysts at Wedbush in a report issued on Thursday. They presently have a $36.00 price objective on the restaurant operator’s stock. Wedbush’s price objective would indicate a potential upside of 17.96% from the company’s previous close.
Other research analysts also recently issued research reports about the company. Goldman Sachs Group, Inc. (The) raised Wingstop from a “buy” rating to a “conviction-buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, May 23rd. Barclays PLC upped their price objective on Wingstop from $26.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, May 15th. Jefferies Group LLC reaffirmed a “hold” rating and set a $28.00 price objective on shares of Wingstop in a report on Thursday, May 18th. Zacks Investment Research downgraded Wingstop from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 4th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Wingstop in a report on Sunday, April 23rd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $34.55.
Shares of Wingstop (NASDAQ:WING) opened at 30.52 on Thursday. The company has a market cap of $884.38 million, a P/E ratio of 50.78 and a beta of 0.62. Wingstop has a 52 week low of $24.74 and a 52 week high of $33.42. The firm’s 50-day moving average price is $30.17 and its 200 day moving average price is $28.90.
Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Thursday, May 4th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. Wingstop had a negative return on equity of 33.91% and a net margin of 18.44%. The firm had revenue of $26.57 million for the quarter, compared to the consensus estimate of $24.22 million. During the same quarter in the prior year, the business earned $0.15 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, equities analysts predict that Wingstop will post $0.70 EPS for the current fiscal year.
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In other news, Director Sidney J. Feltenstein sold 26,000 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $30.06, for a total value of $781,560.00. Following the transaction, the director now owns 39,750 shares of the company’s stock, valued at approximately $1,194,885. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michael Mravle sold 34,605 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $30.82, for a total value of $1,066,526.10. Following the completion of the transaction, the chief financial officer now directly owns 75,400 shares in the company, valued at approximately $2,323,828. The disclosure for this sale can be found here. In the last three months, insiders sold 80,510 shares of company stock worth $2,448,937. 1.76% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of WING. Russell Investments Group Ltd. bought a new position in Wingstop during the fourth quarter worth $1,236,000. Comerica Bank acquired a new stake in shares of Wingstop during the fourth quarter valued at approximately $868,000. State Street Corp increased its stake in shares of Wingstop by 59.0% in the fourth quarter. State Street Corp now owns 381,506 shares of the restaurant operator’s stock valued at $11,292,000 after buying an additional 141,522 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Wingstop by 112.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 75,274 shares of the restaurant operator’s stock valued at $2,227,000 after buying an additional 39,761 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in shares of Wingstop during the fourth quarter valued at approximately $338,000. 85.71% of the stock is currently owned by institutional investors.
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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