Wingstop (NASDAQ:WING) had its price objective increased by stock analysts at Morgan Stanley from $50.00 to $52.00 in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm currently has an “overweight” rating on the restaurant operator’s stock. Morgan Stanley’s target price would suggest a potential upside of 1.52% from the company’s previous close.
A number of other research analysts also recently commented on WING. Deutsche Bank started coverage on shares of Wingstop in a research note on Monday, December 18th. They set a “hold” rating and a $38.00 price objective for the company. BidaskClub downgraded shares of Wingstop from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. Jefferies Group downgraded shares of Wingstop from a “hold” rating to an “underperform” rating and increased their target price for the stock from $29.00 to $34.00 in a research report on Friday, December 22nd. Robert W. Baird reissued a “buy” rating and set a $49.00 target price on shares of Wingstop in a research report on Wednesday, January 3rd. Finally, SunTrust Banks reissued a “buy” rating and set a $50.00 target price on shares of Wingstop in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $45.92.
NASDAQ WING opened at $51.22 on Monday. Wingstop has a 12 month low of $27.78 and a 12 month high of $52.00. The company has a debt-to-equity ratio of -2.69, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $1,407.67, a PE ratio of 69.22, a P/E/G ratio of 3.25 and a beta of 0.90.
Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. Wingstop had a net margin of 25.87% and a negative return on equity of 37.25%. The company had revenue of $28.29 million during the quarter, compared to the consensus estimate of $27.49 million. During the same quarter in the prior year, the company posted $0.15 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. analysts expect that Wingstop will post 0.76 earnings per share for the current fiscal year.
In other Wingstop news, Chairman Charles R. Morrison sold 1,476 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $48.13, for a total value of $71,039.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Flynn Dekker sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $45.60, for a total transaction of $456,000.00. The disclosure for this sale can be found here. Insiders sold 41,120 shares of company stock valued at $1,951,212 in the last ninety days. 1.70% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the business. Rhumbline Advisers grew its position in Wingstop by 16.6% in the fourth quarter. Rhumbline Advisers now owns 64,644 shares of the restaurant operator’s stock valued at $2,520,000 after acquiring an additional 9,224 shares in the last quarter. American Century Companies Inc. acquired a new stake in Wingstop in the fourth quarter valued at approximately $2,389,000. Teacher Retirement System of Texas acquired a new stake in Wingstop in the fourth quarter valued at approximately $389,000. Engineers Gate Manager LP grew its position in Wingstop by 38.0% in the fourth quarter. Engineers Gate Manager LP now owns 60,315 shares of the restaurant operator’s stock valued at $2,351,000 after acquiring an additional 16,606 shares in the last quarter. Finally, Lisanti Capital Growth LLC boosted its stake in shares of Wingstop by 3.1% during the 4th quarter. Lisanti Capital Growth LLC now owns 72,945 shares of the restaurant operator’s stock valued at $2,843,000 after buying an additional 2,165 shares during the last quarter.
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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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