Wingstop (NASDAQ:WING) Given “Hold” Rating at Wedbush

Wingstop (NASDAQ:WING)‘s stock had its “hold” rating reiterated by Wedbush in a research report issued on Friday, September 20th, AnalystRatings.com reports. They presently have a $92.00 price objective on the restaurant operator’s stock. Wedbush’s price objective would suggest a potential upside of 3.78% from the stock’s previous close.

Several other analysts have also recently commented on the stock. BidaskClub cut shares of Wingstop from a “hold” rating to a “sell” rating in a research note on Tuesday, September 17th. Northcoast Research began coverage on shares of Wingstop in a research report on Tuesday, July 30th. They set a “sell” rating for the company. Stifel Nicolaus lifted their target price on shares of Wingstop from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Stephens cut shares of Wingstop from an “overweight” rating to an “equal weight” rating and set a $93.00 target price for the company. in a research report on Friday, June 28th. Finally, SunTrust Banks lifted their target price on shares of Wingstop to $102.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $97.00.

Wingstop stock traded up $0.45 during midday trading on Friday, hitting $88.65. 429,747 shares of the company’s stock were exchanged, compared to its average volume of 436,948. Wingstop has a 12-month low of $56.95 and a 12-month high of $107.43. The firm’s 50 day simple moving average is $92.66 and its 200 day simple moving average is $87.98. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 105.54, a price-to-earnings-growth ratio of 7.09 and a beta of 0.81.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.17 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. Wingstop had a net margin of 11.54% and a negative return on equity of 11.09%. The firm had revenue of $48.56 million during the quarter, compared to analysts’ expectations of $47.53 million. During the same quarter last year, the business earned $0.23 earnings per share. The business’s revenue for the quarter was up 31.1% 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 other news, Director Michael J. Hislop sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $93.74, for a total transaction of $468,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Charles R. Morrison sold 1,100 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $101.06, for a total transaction of $111,166.00. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its holdings in Wingstop by 127.0% in the third quarter. State of Alaska Department of Revenue now owns 22,706 shares of the restaurant operator’s stock valued at $1,981,000 after acquiring an additional 12,702 shares in the last quarter. BlackRock Inc. raised its holdings in Wingstop by 1.6% in the second quarter. BlackRock Inc. now owns 4,247,301 shares of the restaurant operator’s stock valued at $402,431,000 after acquiring an additional 68,645 shares in the last quarter. Maverick Capital Ltd. raised its holdings in Wingstop by 27.5% in the second quarter. Maverick Capital Ltd. now owns 167,890 shares of the restaurant operator’s stock valued at $15,908,000 after acquiring an additional 36,240 shares in the last quarter. Royal Bank of Canada raised its holdings in Wingstop by 2.2% in the second quarter. Royal Bank of Canada now owns 31,840 shares of the restaurant operator’s stock valued at $3,018,000 after acquiring an additional 700 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in Wingstop by 7.0% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,044 shares of the restaurant operator’s stock valued at $383,000 after acquiring an additional 264 shares in the last quarter.

About Wingstop

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 December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.

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Analyst Recommendations for Wingstop (NASDAQ:WING)

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