Wingstop (WING) Stock Rating Reaffirmed by Barclays

Barclays restated their equal weight rating on shares of Wingstop (NASDAQ:WING) in a research note released on Tuesday, Marketbeat.com reports. The firm currently has a $44.00 target price on the restaurant operator’s stock, up from their previous target price of $36.00.

A number of other research firms have also recently weighed in on WING. Longbow Research initiated coverage on Wingstop in a report on Friday, October 13th. They issued a neutral rating for the company. SunTrust Banks restated a buy rating and issued a $50.00 price target on shares of Wingstop in a report on Wednesday, January 3rd. Zacks Investment Research cut Wingstop from a buy rating to a hold rating in a report on Tuesday, November 14th. Robert W. Baird reiterated a buy rating and set a $44.00 target price (up from $30.00) on shares of Wingstop in a research note on Monday, December 4th. Finally, Cowen reiterated a buy rating and set a $41.00 target price on shares of Wingstop in a research note on Friday, November 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $40.75.

Wingstop (NASDAQ WING) opened at $44.40 on Tuesday. The firm has a market capitalization of $1,283.09, a P/E ratio of 61.25, a price-to-earnings-growth ratio of 2.67 and a beta of 0.69. Wingstop has a fifty-two week low of $24.74 and a fifty-two week high of $45.70. 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 released its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The firm had revenue of $26.03 million during the quarter, compared to analysts’ expectations of $25.13 million. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. Wingstop’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 EPS. equities analysts forecast that Wingstop will post 0.73 earnings per share for the current year.

In related news, Director Michael J. Hislop sold 5,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $41.03, for a total transaction of $205,150.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Flynn Dekker sold 16,350 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total value of $584,839.50. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC lifted its stake in Wingstop by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock worth $108,000 after purchasing an additional 1,396 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in Wingstop by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock worth $118,000 after purchasing an additional 52 shares during the last quarter. Turner Investments LLC bought a new position in Wingstop during the third quarter worth $150,000. Piedmont Investment Advisors LLC bought a new position in Wingstop during the third quarter worth $210,000. Finally, Bayesian Capital Management LP bought a new position in Wingstop during the second quarter worth $241,000.

ILLEGAL ACTIVITY WARNING: “Wingstop (WING) Stock Rating Reaffirmed by Barclays” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2018/01/20/wingstop-wing-stock-rating-reaffirmed-by-barclays.html.

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)

Receive News & Ratings for Wingstop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply