Wingstop (NASDAQ:WING) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.
WING has been the topic of several other reports. Deutsche Bank initiated coverage on Wingstop in a research note on Monday, December 18th. They issued a “hold” rating and a $38.00 price objective on the stock. Robert W. Baird reiterated a “buy” rating and issued a $39.00 price objective on shares of Wingstop in a research note on Friday, November 10th. Stifel Nicolaus upgraded Wingstop from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $40.00 in a research note on Friday, November 3rd. Zacks Investment Research lowered Wingstop from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, Longbow Research began coverage on Wingstop in a research report on Friday, October 13th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.50.
Wingstop (WING) opened at $45.15 on Friday. Wingstop has a twelve month low of $24.74 and a twelve month high of $49.69. The stock has a market cap of $1,310.00 and a PE ratio of 62.71. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of -2.37.
Institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. bought a new position in Wingstop in the 3rd quarter valued at $495,000. ETRADE Capital Management LLC bought a new position in Wingstop in the 3rd quarter valued at $360,000. BNP Paribas Arbitrage SA boosted its position in Wingstop by 68.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,084 shares of the restaurant operator’s stock valued at $502,000 after buying an additional 6,105 shares during the last quarter. California State Teachers Retirement System boosted its position in Wingstop by 66.1% in the 2nd quarter. California State Teachers Retirement System now owns 51,502 shares of the restaurant operator’s stock valued at $1,591,000 after buying an additional 20,500 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Wingstop by 0.7% in 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 last quarter.
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.
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