Wingstop Inc. (NASDAQ:WING)‘s stock had its “outperform” rating reissued by research analysts at Cowen and Company in a research report issued to clients and investors on Saturday. They currently have a $37.00 price objective on the restaurant operator’s stock. Cowen and Company’s target price suggests a potential upside of 9.53% from the company’s previous close.

WING has been the topic of a number of other reports. BidaskClub upgraded Wingstop from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Zacks Investment Research upgraded Wingstop from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) upgraded Wingstop from a “buy” rating to a “conviction-buy” rating and set a $36.00 price target on the stock in a research report on Tuesday, May 23rd. Barclays PLC reiterated an “equal weight” rating and set a $34.00 price target (up from $32.00) on shares of Wingstop in a research report on Friday, August 4th. Finally, Wedbush reiterated a “buy” rating on shares of Wingstop in a research report on Friday, August 4th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Wingstop has an average rating of “Buy” and an average target price of $34.25.

Wingstop (NASDAQ WING) opened at 33.78 on Friday. The firm has a 50 day moving average price of $33.37 and a 200 day moving average price of $30.31. The stock has a market capitalization of $982.05 million, a P/E ratio of 52.70 and a beta of 0.58. Wingstop has a 52 week low of $24.74 and a 52 week high of $34.10.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The business had revenue of $24.70 million for the quarter, compared to analysts’ expectations of $24.61 million. Wingstop had a negative return on equity of 28.04% and a net margin of 19.28%. During the same period in the prior year, the firm earned $0.15 EPS. Equities research analysts predict that Wingstop will post $0.73 earnings per share for the current year.

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In related news, insider Stacy Peterson sold 11,557 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $34.60, for a total value of $399,872.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles R. Morrison sold 25,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $34.71, for a total value of $867,750.00. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

A number of hedge funds have recently modified their holdings of WING. Teachers Advisors LLC grew its holdings in Wingstop by 1.0% in the 4th quarter. Teachers Advisors LLC now owns 24,881 shares of the restaurant operator’s stock worth $736,000 after buying an additional 252 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Wingstop by 1.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the restaurant operator’s stock worth $334,000 after buying an additional 200 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in Wingstop by 3.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 40,119 shares of the restaurant operator’s stock worth $1,135,000 after buying an additional 1,449 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Wingstop by 16.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,767 shares of the restaurant operator’s stock worth $163,000 after buying an additional 804 shares in the last quarter. Finally, Comerica Bank grew its holdings in Wingstop by 4.7% in the 1st quarter. Comerica Bank now owns 31,495 shares of the restaurant operator’s stock worth $929,000 after buying an additional 1,401 shares in the last quarter.

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.

Analyst Recommendations for Wingstop (NASDAQ:WING)

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