Wingstop (NASDAQ:WING) Earns “Buy” Rating from Robert W. Baird

Wingstop (NASDAQ:WING)‘s stock had its “buy” rating reaffirmed by analysts at Robert W. Baird in a research report issued on Friday, November 10th. They currently have a $39.00 target price on the restaurant operator’s stock. Robert W. Baird’s price target suggests a potential downside of 0.54% from the stock’s current price.

Several other equities analysts have also commented on the stock. Zacks Investment Research raised shares of Wingstop from a “sell” rating to a “hold” rating and set a $41.00 target price on the stock in a report on Tuesday, November 7th. Jefferies Group increased their price target on shares of Wingstop from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Stifel Nicolaus raised shares of Wingstop from a “hold” rating to a “buy” rating and increased their price target for the company from $35.00 to $40.00 in a research report on Friday, November 3rd. Longbow Research assumed coverage on shares of Wingstop in a research report on Friday, October 13th. They set a “neutral” rating for the company. Finally, Cowen reissued an “outperform” rating and set a $37.00 price target on shares of Wingstop in a research report on Saturday, September 16th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.00.

Shares of Wingstop (NASDAQ WING) traded down $0.64 during trading hours on Friday, hitting $39.21. 578,400 shares of the stock were exchanged, compared to its average volume of 497,084. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of -2.37. Wingstop has a 1 year low of $24.74 and a 1 year high of $40.51. The company has a market cap of $1,140.00 and a price-to-earnings ratio of 54.42.

Wingstop (NASDAQ:WING) last released its earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Wingstop had a net margin of 20.70% and a negative return on equity of 32.39%. The company had revenue of $26.03 million for the quarter, compared to analyst estimates of $25.13 million. During the same quarter last year, the firm earned $0.13 EPS. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. research analysts forecast that Wingstop will post 0.73 earnings per share for the current fiscal year.

In related news, insider Lawrence Kruguer sold 10,526 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $33.67, for a total value of $354,410.42. Following the completion of the transaction, the insider now directly owns 22,116 shares in the company, valued at approximately $744,645.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Flynn Dekker sold 16,350 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total transaction of $584,839.50. The disclosure for this sale can be found here. Company insiders own 1.76% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Fortaleza Asset Management Inc. bought a new stake in Wingstop during the 2nd quarter valued at about $108,000. Riverhead Capital Management LLC increased its stake in Wingstop by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock valued at $108,000 after purchasing an additional 1,396 shares in the last quarter. Pinebridge Investments L.P. increased its stake in Wingstop by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock valued at $118,000 after purchasing an additional 52 shares in the last quarter. Turner Investments LLC bought a new stake in Wingstop during the 3rd quarter valued at about $150,000. Finally, State of Alaska Department of Revenue increased its stake in Wingstop by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,720 shares of the restaurant operator’s stock valued at $176,000 after purchasing an additional 2,530 shares in 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.

Analyst Recommendations for Wingstop (NASDAQ:WING)

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