Wingstop (NASDAQ:WING)‘s stock had its “buy” rating reaffirmed by analysts at Robert W. Baird in a research report issued to clients and investors on Wednesday. They currently have a $49.00 price target on the restaurant operator’s stock. Robert W. Baird’s price objective suggests a potential upside of 24.81% from the stock’s current price.

A number of other equities analysts also recently weighed in on WING. Stifel Nicolaus started coverage on Wingstop in a research report on Monday, October 2nd. They set a “hold” rating and a $35.00 price target on the stock. Cowen reissued an “outperform” rating and set a $37.00 price target on shares of Wingstop in a research report on Saturday, September 16th. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. Goldman Sachs Group reissued a “buy” rating and set a $41.00 price target on shares of Wingstop in a research report on Wednesday, November 29th. Finally, Jefferies Group boosted their price target on Wingstop from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Wingstop has an average rating of “Hold” and a consensus target price of $38.45.

Wingstop (NASDAQ WING) traded up $0.28 during mid-day trading on Wednesday, reaching $39.26. The company’s stock had a trading volume of 487,000 shares, compared to its average volume of 388,250. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -2.37. The company has a market capitalization of $1,134.12, a price-to-earnings ratio of 54.53, a PEG ratio of 2.52 and a beta of 0.69. Wingstop has a 52-week low of $24.74 and a 52-week high of $43.25.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm had revenue of $26.03 million for 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 company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. sell-side analysts expect that Wingstop will post 0.73 earnings per share for the current year.

In related news, insider Flynn Dekker sold 16,350 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total value of $584,839.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Hislop sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $41.03, for a total value of $205,150.00. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in WING. Fortaleza Asset Management Inc. acquired a new position in Wingstop during the second quarter valued at approximately $108,000. Riverhead Capital Management LLC increased its holdings in shares of 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 buying an additional 1,396 shares in the last quarter. Pinebridge Investments L.P. increased its holdings in shares of 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 buying an additional 52 shares in the last quarter. LS Investment Advisors LLC increased its holdings in shares of Wingstop by 291.0% during the first quarter. LS Investment Advisors LLC now owns 4,321 shares of the restaurant operator’s stock worth $122,000 after buying an additional 3,216 shares in the last quarter. Finally, Turner Investments LLC acquired a new position in shares of Wingstop during the third quarter worth $150,000.

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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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