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.
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.
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