Wingstop Inc. (WING) Receives “Outperform” Rating from Robert W. Baird
A number of other equities analysts also recently issued reports on the company. Stephens reiterated an equal weight rating and issued a $32.00 price objective on shares of Wingstop in a report on Monday, January 23rd. Wedbush reiterated an outperform rating and issued a $36.00 price objective on shares of Wingstop in a report on Wednesday, November 2nd. Wells Fargo & Company upgraded Wingstop from a market perform rating to an outperform rating in a report on Monday, November 14th. Zacks Investment Research upgraded Wingstop from a hold rating to a strong-buy rating and set a $33.00 price objective for the company in a report on Thursday, January 19th. Finally, Jefferies Group LLC downgraded Wingstop from a buy rating to a hold rating in a report on Wednesday, January 4th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $32.73.
Shares of Wingstop (NASDAQ:WING) traded down 0.35% during trading on Thursday, hitting $28.84. 260,687 shares of the company were exchanged. The stock has a market capitalization of $829.06 million, a PE ratio of 56.77 and a beta of 0.81. The company has a 50 day moving average of $28.78 and a 200-day moving average of $29.43. Wingstop has a 1-year low of $21.82 and a 1-year high of $33.42.
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Institutional investors have recently modified their holdings of the stock. Emerald Acquisition Ltd. bought a new position in shares of Wingstop during the second quarter valued at $462,000. Passport Capital LLC increased its position in shares of Wingstop by 15.4% in the second quarter. Passport Capital LLC now owns 400,000 shares of the company’s stock valued at $10,900,000 after buying an additional 53,328 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in shares of Wingstop during the second quarter valued at $325,000. American Century Companies Inc. bought a new position in shares of Wingstop during the second quarter valued at $1,711,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Wingstop by 128.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 47,157 shares of the company’s stock valued at $1,286,000 after buying an additional 26,538 shares during the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.
Wingstop Company Profile
Wingstop Inc is a franchisor and operator of restaurants that specialize in cooked-to-order, hand-sauced and tossed chicken wings. The Company offers its guests with over 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides. It is a casual chicken wings-focused restaurant chain with various concepts, which include wings as add-on menu items or focus on wings in a bar or sports-centric setting.
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