Gordon Haskett began coverage on shares of Wingstop (NASDAQ:WING) in a research report report published on Thursday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $81.00 price target on the restaurant operator’s stock.

WING has been the subject of several other reports. Zacks Investment Research upgraded Wingstop from a hold rating to a buy rating and set a $78.00 target price for the company in a research note on Saturday, October 13th. Barclays raised their target price on Wingstop from $48.00 to $52.00 and gave the company an equal weight rating in a research note on Monday, August 6th. BTIG Research downgraded Wingstop from a buy rating to a neutral rating and set a $59.00 target price for the company. in a research note on Tuesday, September 4th. They noted that the move was a valuation call. Morgan Stanley raised their target price on Wingstop from $55.00 to $60.00 and gave the company an overweight rating in a research note on Friday, August 3rd. Finally, Guggenheim upgraded Wingstop from a neutral rating to a buy rating and set a $80.00 price target for the company in a research note on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $64.63.

Shares of Wingstop stock traded down $0.57 during trading hours on Thursday, hitting $70.79. 668,814 shares of the company’s stock traded hands, compared to its average volume of 573,680. The company has a debt-to-equity ratio of -1.53, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $2.07 billion, a PE ratio of 86.33, a P/E/G ratio of 4.29 and a beta of 1.03. Wingstop has a twelve month low of $31.53 and a twelve month high of $75.58.

Wingstop (NASDAQ:WING) last announced its earnings results on Thursday, August 2nd. The restaurant operator reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $37.04 million during the quarter, compared to the consensus estimate of $36.92 million. Wingstop had a negative return on equity of 24.63% and a net margin of 22.15%. The company’s revenue was up 17.3% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. On average, equities analysts expect 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 dated Friday, September 7th. The stock was sold at an average price of $69.11, for a total value of $407,749.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stacy Peterson sold 3,437 shares of Wingstop stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $66.05, for a total value of $227,013.85. Following the completion of the transaction, the insider now owns 38,339 shares of the company’s stock, valued at $2,532,290.95. The disclosure for this sale can be found here. Insiders sold 31,596 shares of company stock valued at $1,966,570 over the last quarter. Insiders own 1.76% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new position in Wingstop in the second quarter valued at approximately $118,000. Everence Capital Management Inc. acquired a new position in Wingstop in the second quarter valued at approximately $212,000. Hartford Investment Management Co. acquired a new position in Wingstop in the second quarter valued at approximately $228,000. Xact Kapitalforvaltning AB acquired a new position in Wingstop in the first quarter valued at approximately $238,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Wingstop in the first quarter valued at approximately $245,000.

About Wingstop

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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Analyst Recommendations for Wingstop (NASDAQ:WING)

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