Wingstop Inc. (NASDAQ:WING) has earned a consensus recommendation of “Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $34.56.
A number of analysts have commented on the company. Wells Fargo & Company restated an “outperform” rating and issued a $35.00 price target (up previously from $31.00) on shares of Wingstop in a research report on Monday, May 8th. Stephens upped their price target on Wingstop from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, May 8th. Barclays PLC upped their price target on Wingstop from $26.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, May 15th. Wedbush restated an “outperform” rating and issued a $36.00 price target on shares of Wingstop in a research report on Monday, May 15th. Finally, Cowen and Company upped their price target on Wingstop from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th.
In related news, insider Flynn Dekker sold 4,102 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $30.59, for a total transaction of $125,480.18. Following the completion of the sale, the insider now owns 44,014 shares in the company, valued at $1,346,388.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sidney J. Feltenstein sold 15,401 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $30.08, for a total value of $463,262.08. Following the sale, the director now owns 39,750 shares of the company’s stock, valued at approximately $1,195,680. The disclosure for this sale can be found here. Insiders have sold 80,510 shares of company stock valued at $2,448,937 in the last quarter. 1.76% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. LS Investment Advisors LLC boosted its stake in Wingstop by 291.0% in the first quarter. LS Investment Advisors LLC now owns 4,321 shares of the restaurant operator’s stock valued at $122,000 after buying an additional 3,216 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Wingstop by 16.2% in the first quarter. BNP Paribas Arbitrage SA now owns 5,767 shares of the restaurant operator’s stock valued at $163,000 after buying an additional 804 shares in the last quarter. Mason Street Advisors LLC boosted its stake in Wingstop by 7.4% in the first quarter. Mason Street Advisors LLC now owns 6,750 shares of the restaurant operator’s stock valued at $191,000 after buying an additional 468 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Wingstop during the first quarter valued at about $202,000. Finally, AQR Capital Management LLC acquired a new stake in Wingstop during the fourth quarter valued at about $231,000. Hedge funds and other institutional investors own 85.71% of the company’s stock.
Wingstop (WING) traded down 0.53% on Tuesday, reaching $30.22. The company’s stock had a trading volume of 460,060 shares. Wingstop has a one year low of $24.74 and a one year high of $33.42. The stock has a market cap of $875.68 million, a P/E ratio of 50.28 and a beta of 0.63. The stock has a 50-day moving average of $29.98 and a 200-day moving average of $28.93.
Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $26.57 million during the quarter, compared to analysts’ expectations of $24.22 million. Wingstop had a negative return on equity of 33.91% and a net margin of 18.44%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 earnings per share. On average, analysts predict that Wingstop will post $0.70 EPS for the current fiscal year.
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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