Wingstop (WING) Price Target Increased to $65.00 by Analysts at Robert W. Baird

Wingstop (NASDAQ:WING) had its target price raised by research analysts at Robert W. Baird from $53.00 to $65.00 in a research note issued on Friday, Stock Target Advisor reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Robert W. Baird’s price target points to a potential downside of 6.46% from the stock’s current price.

WING has been the topic of a number of other research reports. Barclays lifted their price target on shares of Wingstop from $48.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, August 6th. Zacks Investment Research lowered shares of Wingstop from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. BTIG Research lowered shares of Wingstop from a “buy” rating to a “neutral” rating and set a $59.00 price target on the stock. in a report on Tuesday, September 4th. They noted that the move was a valuation call. Morgan Stanley lifted their price target on shares of Wingstop from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, August 3rd. Finally, Guggenheim upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $61.87.

Shares of WING opened at $69.49 on Friday. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 93.91, a P/E/G ratio of 4.14 and a beta of 1.03. Wingstop has a fifty-two week low of $31.53 and a fifty-two week high of $72.26. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of -1.53.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Thursday, August 2nd. The restaurant operator reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The company had revenue of $37.04 million for the quarter, compared to analyst estimates of $36.92 million. Wingstop had a net margin of 22.15% and a negative return on equity of 24.63%. Wingstop’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the business earned $0.18 EPS. Sell-side analysts forecast that Wingstop will post 0.85 earnings per share for the current fiscal year.

In related news, Director Michael J. Hislop sold 5,900 shares of Wingstop stock in a transaction on Friday, September 7th. The shares were sold at an average price of $69.11, for a total transaction of $407,749.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stacy Peterson sold 5,259 shares of Wingstop stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $58.87, for a total transaction of $309,597.33. Following the sale, the insider now directly owns 31,423 shares in the company, valued at approximately $1,849,872.01. The disclosure for this sale can be found here. In the last three months, insiders sold 31,596 shares of company stock worth $1,966,570. Insiders own 1.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in WING. Schwab Charles Investment Management Inc. increased its stake in Wingstop by 4.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 143,900 shares of the restaurant operator’s stock worth $6,797,000 after buying an additional 6,614 shares during the period. BlackRock Inc. increased its stake in Wingstop by 1.3% during the 1st quarter. BlackRock Inc. now owns 3,734,552 shares of the restaurant operator’s stock worth $176,384,000 after buying an additional 47,285 shares during the period. Great West Life Assurance Co. Can increased its stake in Wingstop by 4.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 38,632 shares of the restaurant operator’s stock worth $1,824,000 after buying an additional 1,713 shares during the period. California Public Employees Retirement System purchased a new stake in Wingstop during the 1st quarter worth $1,449,000. Finally, Dimensional Fund Advisors LP increased its stake in Wingstop by 8.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 776,468 shares of the restaurant operator’s stock worth $36,673,000 after buying an additional 57,897 shares during the period.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.

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