Wingstop (WING) Lifted to “Buy” at BidaskClub

Wingstop (NASDAQ:WING) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Other analysts have also recently issued reports about the company. Cowen reaffirmed a “buy” rating and set a $41.00 price objective on shares of Wingstop in a report on Friday, November 24th. Robert W. Baird reaffirmed a “buy” rating and set a $39.00 price objective on shares of Wingstop in a report on Monday, October 9th. Stifel Nicolaus raised Wingstop from a “hold” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $40.00 in a report on Friday, November 3rd. Goldman Sachs Group reaffirmed a “buy” rating and set a $41.00 price objective on shares of Wingstop in a report on Wednesday, November 29th. Finally, Zacks Investment Research raised Wingstop from a “sell” rating to a “hold” rating and set a $41.00 price objective on the stock in a report on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $37.50.

Wingstop (NASDAQ WING) traded up $0.63 during mid-day trading on Tuesday, reaching $42.08. The company’s stock had a trading volume of 586,262 shares, compared to its average volume of 495,513. Wingstop has a 1-year low of $24.74 and a 1-year high of $42.74. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of -2.37. The company has a market cap of $1,240.00 and a P/E ratio of 56.53.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The business had revenue of $26.03 million during the quarter, compared to the consensus estimate of $25.13 million. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 EPS. equities analysts predict that Wingstop will post 0.73 EPS for the current fiscal year.

In related news, Director Michael J. Hislop sold 5,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Flynn Dekker sold 16,350 shares of the stock in a transaction on Tuesday, November 7th. The shares were 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. Insiders have sold a total of 31,876 shares of company stock worth $1,144,400 in the last 90 days. 1.76% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its holdings in Wingstop by 15.6% during the 1st quarter. Wellington Management Group LLP now owns 3,955,238 shares of the restaurant operator’s stock valued at $111,855,000 after buying an additional 533,086 shares during the period. BlackRock Inc. raised its holdings in Wingstop by 1.2% during the 2nd quarter. BlackRock Inc. now owns 3,515,978 shares of the restaurant operator’s stock valued at $108,645,000 after buying an additional 42,017 shares during the period. Vanguard Group Inc. raised its holdings in Wingstop by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,433,708 shares of the restaurant operator’s stock valued at $75,200,000 after buying an additional 16,622 shares during the period. Goldman Sachs Group Inc. raised its holdings in Wingstop by 56.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,453,769 shares of the restaurant operator’s stock valued at $44,921,000 after buying an additional 523,811 shares during the period. Finally, Stephens Investment Management Group LLC raised its holdings in Wingstop by 20.2% during the 1st quarter. Stephens Investment Management Group LLC now owns 1,366,966 shares of the restaurant operator’s stock valued at $38,658,000 after buying an additional 229,784 shares during the period.

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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)

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