Wingstop (NASDAQ:WING) Stock Rating Upgraded by BidaskClub

Wingstop (NASDAQ:WING) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, BidAskClub reports.

A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Wingstop from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $108.00 target price (up previously from $84.00) on shares of Wingstop in a research note on Monday, June 24th. Stifel Nicolaus increased their target price on Wingstop from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. SunTrust Banks increased their target price on Wingstop to $102.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Piper Jaffray Companies increased their target price on Wingstop from $88.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $89.93.

Wingstop stock opened at $98.19 on Tuesday. The company has a market capitalization of $2.95 billion, a PE ratio of 116.89, a P/E/G ratio of 7.03 and a beta of 0.84. Wingstop has a fifty-two week low of $56.95 and a fifty-two week high of $101.70. The stock has a fifty day moving average price of $95.59.



Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $48.56 million for the quarter, compared to analysts’ expectations of $47.53 million. Wingstop had a net margin of 11.54% and a negative return on equity of 11.09%. The business’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. On average, research analysts expect that Wingstop will post 0.73 earnings per share for the current fiscal year.

In other Wingstop news, insider Lawrence Kruguer sold 1,466 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $79.72, for a total transaction of $116,869.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael J. Hislop sold 5,000 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $89.05, for a total transaction of $445,250.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,846 shares of company stock valued at $1,060,821. Company insiders own 1.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. boosted its holdings in shares of Wingstop by 375.0% during the second quarter. Invesco Ltd. now owns 1,165,972 shares of the restaurant operator’s stock worth $110,476,000 after purchasing an additional 920,513 shares during the period. Morgan Stanley boosted its holdings in shares of Wingstop by 98.4% during the second quarter. Morgan Stanley now owns 473,994 shares of the restaurant operator’s stock worth $44,911,000 after purchasing an additional 235,091 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Wingstop by 6.4% during the second quarter. Vanguard Group Inc. now owns 3,389,552 shares of the restaurant operator’s stock worth $321,159,000 after purchasing an additional 204,867 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Wingstop by 44.3% during the first quarter. Wells Fargo & Company MN now owns 542,169 shares of the restaurant operator’s stock worth $41,221,000 after purchasing an additional 166,571 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Wingstop by 10.6% during the second quarter. Renaissance Technologies LLC now owns 1,179,100 shares of the restaurant operator’s stock worth $111,720,000 after purchasing an additional 113,200 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 December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.

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Analyst Recommendations for Wingstop (NASDAQ:WING)

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