Wingstop Inc. (WING) Receives Average Rating of “Buy” from Analysts
Shares of Wingstop Inc. (NASDAQ:WING) have been given a consensus rating of “Buy” by the eleven analysts that are covering the firm. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $32.80.
A number of brokerages have recently commented on WING. Robert W. Baird reiterated an “outperform” rating and set a $33.00 price target on shares of Wingstop in a report on Monday, August 8th. Zacks Investment Research lowered Wingstop from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Wedbush started coverage on Wingstop in a research note on Wednesday, July 6th. They issued an “outperform” rating and a $35.00 target price for the company. Morgan Stanley restated a “buy” rating and issued a $38.00 target price on shares of Wingstop in a research note on Friday, August 5th. Finally, Jefferies Group restated a “buy” rating and issued a $30.00 target price on shares of Wingstop in a research note on Monday, August 8th.
Shares of Wingstop (NASDAQ:WING) traded up 1.637% during midday trading on Monday, hitting $28.865. 107,963 shares of the company were exchanged. Wingstop has a one year low of $20.31 and a one year high of $33.10. The firm has a market cap of $829.23 million, a P/E ratio of 54.981 and a beta of 0.63. The company’s 50 day moving average price is $29.43 and its 200 day moving average price is $27.44.
Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Wingstop had a negative return on equity of 218.88% and a net margin of 18.15%. The company earned $22.70 million during the quarter, compared to analyst estimates of $22.05 million. During the same period in the previous year, the company earned $0.11 earnings per share. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. Equities analysts expect that Wingstop will post $0.56 EPS for the current year.
In other news, Director Neal K. Aronson sold 6,000,000 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $28.50, for a total transaction of $171,000,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David A. Vernon sold 6,540 shares of the stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $28.70, for a total value of $187,698.00. Following the sale, the insider now owns 80,349 shares in the company, valued at approximately $2,306,016.30. The disclosure for this sale can be found here. 45.70% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. BlackRock Group LTD boosted its stake in shares of Wingstop by 0.7% in the second quarter. BlackRock Group LTD now owns 133,416 shares of the company’s stock valued at $3,636,000 after buying an additional 946 shares during the last quarter. American International Group Inc. boosted its stake in shares of Wingstop by 132.5% in the second quarter. American International Group Inc. now owns 9,060 shares of the company’s stock valued at $247,000 after buying an additional 5,163 shares during the last quarter. BlackRock Advisors LLC boosted its stake in shares of Wingstop by 1.6% in the second quarter. BlackRock Advisors LLC now owns 342,564 shares of the company’s stock valued at $9,335,000 after buying an additional 5,413 shares during the last quarter. Cadence Capital Management LLC acquired a new stake in shares of Wingstop during the second quarter valued at approximately $255,000. Finally, Barclays PLC boosted its stake in shares of Wingstop by 119.5% in the first quarter. Barclays PLC now owns 18,713 shares of the company’s stock valued at $412,000 after buying an additional 10,188 shares during the last quarter. Institutional investors own 58.93% of the company’s stock.
Wingstop Company Profile
Wingstop Inc is a franchisor and operator of restaurants that specialize in cooked-to-order, hand-sauced and tossed chicken wings. The Company offers its guests with over 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides. It is a casual chicken wings-focused restaurant chain with various concepts, which include wings as add-on menu items or focus on wings in a bar or sports-centric setting.
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