Wingstop (NASDAQ:WING) was downgraded by investment analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday, The Fly reports. They currently have a $40.00 target price on the restaurant operator’s stock, up from their prior target price of $36.00. Wedbush’s target price suggests a potential downside of 1.84% from the stock’s current price.

WING has been the topic of several other research reports. Stifel Nicolaus raised shares of Wingstop from a “hold” rating to a “buy” rating and boosted their price target for the company from $35.00 to $40.00 in a research report on Friday, November 3rd. Robert W. Baird reissued a “buy” rating and set a $49.00 price target on shares of Wingstop in a research report on Wednesday. Jefferies Group boosted their price target on shares of Wingstop from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Deutsche Bank began coverage on shares of Wingstop in a research report on Monday, December 18th. They set a “hold” rating and a $38.00 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Wingstop presently has a consensus rating of “Hold” and a consensus target price of $39.75.

Wingstop (WING) opened at $40.75 on Friday. 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 firm has a market cap of $1,190.00 and a PE ratio of 56.60. Wingstop has a 1 year low of $24.74 and a 1 year high of $43.25.

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

In other Wingstop news, insider Flynn Dekker sold 16,350 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total value of $584,839.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Hislop sold 5,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $41.03, for a total transaction of $205,150.00. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Wingstop by 200,013.0% during the first quarter. BlackRock Inc. now owns 3,473,961 shares of the restaurant operator’s stock worth $98,242,000 after purchasing an additional 3,472,225 shares during the period. 12 West Capital Management LP purchased a new stake in Wingstop during the fourth quarter worth about $31,234,000. Victory Capital Management Inc. purchased a new stake in Wingstop during the third quarter worth about $24,363,000. Wells Fargo & Company MN increased its stake in Wingstop by 167.3% during the third quarter. Wells Fargo & Company MN now owns 1,287,473 shares of the restaurant operator’s stock worth $37,723,000 after purchasing an additional 805,903 shares during the period. Finally, Wellington Management Group LLP increased its stake in Wingstop by 59.4% during the first quarter. Wellington Management Group LLP now owns 1,968,024 shares of the restaurant operator’s stock worth $44,635,000 after purchasing an additional 733,201 shares during the period.

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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.

The Fly

Analyst Recommendations for Wingstop (NASDAQ:WING)

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