Wingstop (WING) Upgraded to Strong-Buy by BidaskClub
BidaskClub upgraded shares of Wingstop (NASDAQ:WING) from a buy rating to a strong-buy rating in a research note released on Saturday.
A number of other equities analysts have also weighed in on WING. Cowen reiterated an outperform rating and issued a $51.00 price target (up previously from $46.00) on shares of Wingstop in a research report on Tuesday, February 6th. SunTrust Banks set a $52.00 price target on Wingstop and gave the company a buy rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded Wingstop from a hold rating to a strong-buy rating and set a $55.00 price target for the company in a research report on Friday, February 2nd. Longbow Research initiated coverage on Wingstop in a research report on Friday, October 13th. They issued a neutral rating for the company. Finally, Stephens restated a buy rating and set a $50.00 price objective on shares of Wingstop in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $45.50.
Wingstop (WING) opened at $45.75 on Friday. The company has a debt-to-equity ratio of -2.37, a current ratio of 0.89 and a quick ratio of 0.89. Wingstop has a 1 year low of $24.74 and a 1 year high of $49.69. The firm has a market capitalization of $1,330.00 and a price-to-earnings ratio of 63.54.
In other Wingstop news, Chairman Charles R. Morrison sold 1,476 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $48.13, for a total transaction of $71,039.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Hislop sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $41.03, for a total value of $205,150.00. The disclosure for this sale can be found here. Company insiders own 1.76% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Turner Investments LLC acquired a new stake in shares of Wingstop during the 3rd quarter valued at about $150,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Wingstop during the 3rd quarter valued at about $210,000. First Mercantile Trust Co. acquired a new stake in shares of Wingstop during the 4th quarter valued at about $223,000. Fortaleza Asset Management Inc. lifted its holdings in shares of Wingstop by 71.0% during the 4th quarter. Fortaleza Asset Management Inc. now owns 5,960 shares of the restaurant operator’s stock valued at $232,000 after buying an additional 2,475 shares during the last quarter. Finally, Parametric Portfolio Associates LLC acquired a new stake in shares of Wingstop during the 2nd quarter valued at about $263,000.
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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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