Wingstop Inc. (WING) Research Coverage Started at Stifel Nicolaus
Analysts at Stifel Nicolaus began coverage on shares of Wingstop Inc. (NASDAQ:WING) in a research note issued on Monday. The firm set a “hold” rating on the restaurant operator’s stock.
WING has been the topic of several other reports. Cowen and Company restated a “buy” rating on shares of Wingstop in a research report on Thursday, August 24th. BidaskClub upgraded Wingstop from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research upgraded Wingstop from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Barclays PLC reissued an “equal weight” rating and issued a $34.00 target price (up previously from $32.00) on shares of Wingstop in a research note on Friday, August 4th. Finally, Wedbush reissued a “buy” rating and issued a $36.00 target price on shares of Wingstop in a research note on Thursday, July 6th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $34.25.
Wingstop (NASDAQ:WING) traded up 1.08% during midday trading on Monday, hitting $33.61. The stock had a trading volume of 749,908 shares. The company has a market cap of $977.11 million, a P/E ratio of 52.52 and a beta of 0.58. Wingstop has a one year low of $24.74 and a one year high of $34.94. The stock’s 50-day moving average is $33.60 and its 200-day moving average is $33.60.
Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. The company had revenue of $24.70 million during the quarter, compared to analysts’ expectations of $24.61 million. Wingstop had a net margin of 19.28% and a negative return on equity of 28.04%. During the same quarter in the previous year, the company posted $0.15 EPS. Equities analysts predict that Wingstop will post $0.73 EPS for the current fiscal year.
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In related news, Chairman Charles R. Morrison sold 25,000 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $34.71, for a total transaction of $867,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $354,410.42. Following the transaction, the insider now owns 22,116 shares of the company’s stock, valued at $744,645.72. 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 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fortaleza Asset Management Inc. acquired a new position in Wingstop during the 2nd quarter worth approximately $108,000. Riverhead Capital Management LLC grew its stake in shares of Wingstop by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock worth $108,000 after acquiring an additional 1,396 shares in the last quarter. Pinebridge Investments L.P. grew its stake in shares of 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 acquiring an additional 52 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Wingstop by 16.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,767 shares of the restaurant operator’s stock worth $163,000 after acquiring an additional 804 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Wingstop by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 5,720 shares of the restaurant operator’s stock valued at $176,000 after purchasing an additional 2,530 shares during the last quarter.
Wingstop Company Profile
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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