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.
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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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