Shares of Wingstop Inc. (NASDAQ:WING) have received an average rating of “Buy” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $34.89.

A number of brokerages have recently commented on WING. Cowen and Company reaffirmed a “buy” rating on shares of Wingstop in a research report on Thursday, August 24th. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Stifel Nicolaus began coverage on Wingstop in a research report on Monday, October 2nd. They set a “hold” rating and a $35.00 price target on the stock. Zacks Investment Research raised Wingstop from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $39.00 price target on shares of Wingstop in a research report on Monday, October 9th.

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In related news, insider Lawrence Kruguer sold 10,526 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $33.67, for a total transaction of $354,410.42. Following the sale, the insider now owns 22,116 shares of the company’s stock, valued at approximately $744,645.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stacy Peterson sold 11,557 shares of the stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $34.60, for a total value of $399,872.20. The disclosure for this sale can be found here. Insiders have sold a total of 47,083 shares of company stock worth $1,622,033 in the last three months. 1.76% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pinebridge Investments L.P. lifted its holdings in Wingstop by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock worth $118,000 after purchasing an additional 52 shares in the last quarter. Arizona State Retirement System lifted its holdings in Wingstop by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 15,100 shares of the restaurant operator’s stock worth $467,000 after purchasing an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Wingstop by 3.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,810 shares of the restaurant operator’s stock worth $210,000 after purchasing an additional 210 shares in the last quarter. Texas Permanent School Fund lifted its holdings in Wingstop by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 21,156 shares of the restaurant operator’s stock worth $654,000 after purchasing an additional 258 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its holdings in Wingstop by 7.4% during the 1st quarter. Mason Street Advisors LLC now owns 6,750 shares of the restaurant operator’s stock worth $191,000 after purchasing an additional 468 shares in the last quarter.

Wingstop (NASDAQ:WING) traded down 1.92% during midday trading on Wednesday, hitting $32.15. The stock had a trading volume of 474,530 shares. The stock has a market cap of $934.66 million, a P/E ratio of 50.16 and a beta of 0.58. The company has a 50-day moving average price of $33.20 and a 200-day moving average price of $31.41. Wingstop has a 52 week low of $24.74 and a 52 week high of $35.91.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Wingstop had a negative return on equity of 28.04% and a net margin of 19.28%. The firm had revenue of $24.70 million for the quarter, compared to analysts’ expectations of $24.61 million. During the same quarter in the prior year, the firm earned $0.15 EPS. Equities analysts expect that Wingstop will post $0.72 EPS for the current year.

About Wingstop

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.

Analyst Recommendations for Wingstop (NASDAQ:WING)

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