Wingstop (NASDAQ:WING) was upgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report issued on Monday, June 3rd, MarketBeat.com reports. The brokerage presently has a $92.00 target price on the restaurant operator’s stock, up from their prior target price of $80.00. Stifel Nicolaus’ price objective suggests a potential upside of 0.10% from the stock’s previous close.
Several other research analysts also recently commented on the company. Piper Jaffray Companies assumed coverage on Wingstop in a report on Monday, May 13th. They issued an “overweight” rating and a $88.00 price objective on the stock. BidaskClub upgraded Wingstop from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. Stephens boosted their price target on Wingstop from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. Wells Fargo & Co boosted their price target on Wingstop from $76.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Finally, Zacks Investment Research upgraded Wingstop from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $74.31.
WING stock traded up $1.25 during midday trading on Monday, reaching $91.91. 2,568 shares of the company’s stock traded hands, compared to its average volume of 410,425. The firm has a 50-day moving average price of $84.37. Wingstop has a 52 week low of $47.83 and a 52 week high of $93.54. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 107.93, a PEG ratio of 6.35 and a beta of 0.74.
Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Tuesday, May 7th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Wingstop had a negative return on equity of 13.31% and a net margin of 13.52%. The company had revenue of $48.05 million during the quarter, compared to analyst estimates of $45.68 million. During the same quarter last year, the company earned $0.25 earnings per share. The firm’s quarterly revenue was up 28.5% on a year-over-year basis. On average, research analysts forecast that Wingstop will post 0.74 earnings per share for the current fiscal year.
In other news, insider Lawrence Kruguer sold 1,466 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $79.72, for a total value of $116,869.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Madison Jobe sold 2,823 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $77.98, for a total value of $220,137.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,678 shares of company stock valued at $2,374,961. Company insiders own 1.00% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC boosted its holdings in Wingstop by 2.1% during the third quarter. Teachers Advisors LLC now owns 54,860 shares of the restaurant operator’s stock worth $3,745,000 after buying an additional 1,106 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Wingstop by 16.0% during the 4th quarter. Bank of Montreal Can now owns 1,525 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 210 shares during the period. New York State Teachers Retirement System boosted its stake in shares of Wingstop by 26.8% during the 4th quarter. New York State Teachers Retirement System now owns 33,935 shares of the restaurant operator’s stock worth $2,178,000 after acquiring an additional 7,170 shares during the period. Arizona State Retirement System boosted its stake in shares of Wingstop by 6.2% during the 4th quarter. Arizona State Retirement System now owns 45,116 shares of the restaurant operator’s stock worth $2,896,000 after acquiring an additional 2,649 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of Wingstop by 200.8% during the 4th quarter. Advisors Asset Management Inc. now owns 3,204 shares of the restaurant operator’s stock worth $206,000 after acquiring an additional 2,139 shares during the period.
Wingstop Company Profile
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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