Wingstop (NASDAQ:WING) was upgraded by stock analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, The Fly reports.

WING has been the topic of a number of other reports. Zacks Investment Research lowered Wingstop from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd. BidaskClub lowered Wingstop from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Wedbush reaffirmed a “buy” rating and issued a $74.00 target price (up from $69.00) on shares of Wingstop in a research report on Wednesday, March 13th. Guggenheim lowered Wingstop from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a research report on Tuesday, April 2nd. Finally, Stephens upped their target price on Wingstop from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $70.99.

Shares of WING traded up $1.50 during trading on Monday, reaching $81.18. The company’s stock had a trading volume of 425,239 shares, compared to its average volume of 528,219. Wingstop has a twelve month low of $47.83 and a twelve month high of $82.00. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 96.64, a PEG ratio of 5.51 and a beta of 0.73.

Wingstop (NASDAQ:WING) last announced its earnings results on Tuesday, May 7th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. Wingstop had a negative return on equity of 13.31% and a net margin of 13.52%. The company had revenue of $48.05 million for the quarter, compared to analyst estimates of $45.68 million. During the same period in the prior year, the company posted $0.25 EPS. Wingstop’s quarterly revenue was up 28.5% on a year-over-year basis. On average, analysts anticipate that Wingstop will post 0.74 earnings per share for the current year.

In related news, Chairman Charles R. Morrison sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $69.10, for a total transaction of $1,382,000.00. Following the sale, the chairman now directly owns 128,998 shares of the company’s stock, valued at approximately $8,913,761.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Madison Jobe sold 2,823 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $77.98, for a total value of $220,137.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,918 shares of company stock worth $3,649,754. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Wingstop by 1.9% during the 4th quarter. BlackRock Inc. now owns 4,221,568 shares of the restaurant operator’s stock valued at $270,985,000 after acquiring an additional 78,511 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Wingstop by 52.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,065,900 shares of the restaurant operator’s stock valued at $81,040,000 after acquiring an additional 367,200 shares in the last quarter. Federated Investors Inc. PA raised its position in shares of Wingstop by 2.0% during the 1st quarter. Federated Investors Inc. PA now owns 886,164 shares of the restaurant operator’s stock valued at $67,375,000 after acquiring an additional 17,076 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Wingstop by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 830,342 shares of the restaurant operator’s stock valued at $63,130,000 after acquiring an additional 2,322 shares in the last quarter. Finally, FMR LLC raised its position in shares of Wingstop by 1.6% during the 1st quarter. FMR LLC now owns 755,476 shares of the restaurant operator’s stock valued at $57,439,000 after acquiring an additional 12,049 shares in the last quarter.

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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