Wingstop (NASDAQ:WING) had its price objective increased by investment analysts at Stifel Nicolaus from $50.00 to $56.00 in a report issued on Wednesday, Marketbeat reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target indicates a potential upside of 10.17% from the stock’s current price.
A number of other brokerages have also recently issued reports on WING. SunTrust Banks restated a “buy” rating and set a $50.00 price objective on shares of Wingstop in a report on Wednesday, January 3rd. BidaskClub upgraded Wingstop from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. Zacks Investment Research upgraded Wingstop from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective for the company in a report on Friday, February 2nd. Deutsche Bank restated a “hold” rating and set a $40.00 price objective (up previously from $38.00) on shares of Wingstop in a report on Friday, February 23rd. Finally, Stephens restated a “buy” rating and set a $50.00 price objective on shares of Wingstop in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.15.
Shares of NASDAQ WING opened at $50.83 on Wednesday. The company has a market cap of $1,493.39, a price-to-earnings ratio of 68.69, a price-to-earnings-growth ratio of 3.44 and a beta of 0.90. The company has a debt-to-equity ratio of -2.69, a quick ratio of 0.84 and a current ratio of 0.84. Wingstop has a twelve month low of $27.78 and a twelve month high of $52.00.
Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Wingstop had a negative return on equity of 37.25% and a net margin of 25.87%. The company had revenue of $28.29 million during the quarter, compared to analysts’ expectations of $27.49 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. analysts anticipate that Wingstop will post 0.76 earnings per share for the current fiscal year.
In related news, insider Flynn Dekker sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $45.60, for a total value of $456,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Morrison sold 1,476 shares of the business’s 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 41,120 shares of company stock valued at $1,951,212. 1.76% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. First Mercantile Trust Co. bought a new stake in shares of Wingstop in the fourth quarter valued at approximately $223,000. Fortaleza Asset Management Inc. boosted its stake in shares of Wingstop by 71.0% in the fourth 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 period. Meadow Creek Investment Management LLC raised its position in Wingstop by 25.7% during the fourth quarter. Meadow Creek Investment Management LLC now owns 5,984 shares of the restaurant operator’s stock valued at $233,000 after purchasing an additional 1,224 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in Wingstop during the fourth quarter valued at approximately $278,000. Finally, Brown Advisory Inc. acquired a new position in Wingstop during the fourth quarter valued at approximately $324,000.
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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