Wingstop Inc. (NASDAQ:WING) has earned a consensus rating of “Buy” from the eleven research firms that are currently covering the company. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $33.56.

WING has been the topic of several analyst reports. Wedbush reissued an “outperform” rating and set a $36.00 target price on shares of Wingstop in a research report on Wednesday, November 2nd. Zacks Investment Research raised Wingstop from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Jefferies Group reissued a “buy” rating and set a $30.00 target price on shares of Wingstop in a research report on Monday, August 8th. Robert W. Baird boosted their target price on Wingstop from $33.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, September 7th. Finally, Wells Fargo & Co. raised Wingstop from a “market perform” rating to an “outperform” rating in a research report on Monday, November 14th.

Wingstop (NASDAQ:WING) opened at 31.65 on Monday. Wingstop has a 12-month low of $20.60 and a 12-month high of $33.10. The firm has a 50-day moving average price of $28.29 and a 200-day moving average price of $28.27. The company has a market cap of $909.84 million, a P/E ratio of 62.30 and a beta of 0.72.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. Wingstop had a negative return on equity of 69.17% and a net margin of 17.11%. The business had revenue of $21.80 million for the quarter. During the same period in the previous year, the firm earned $0.11 EPS. The business’s revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts forecast that Wingstop will post $0.57 earnings per share for the current fiscal year.

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In other Wingstop news, Director Neal K. Aronson sold 6,765,858 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $26.28, for a total value of $177,806,748.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Vernon sold 6,540 shares of the company’s 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 completion of the sale, the insider now owns 80,349 shares of the company’s stock, valued at $2,306,016.30. The disclosure for this sale can be found here. Corporate insiders own 45.70% of the company’s stock.

Several large investors have recently modified their holdings of the company. BlackRock Investment Management LLC boosted its stake in shares of Wingstop by 0.3% in the third quarter. BlackRock Investment Management LLC now owns 69,055 shares of the company’s stock valued at $2,023,000 after buying an additional 179 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Wingstop by 0.6% in the third quarter. California State Teachers Retirement System now owns 33,202 shares of the company’s stock valued at $973,000 after buying an additional 200 shares in the last quarter. 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 in the last quarter. Rhumbline Advisers boosted its stake in shares of Wingstop by 22.1% in the third quarter. Rhumbline Advisers now owns 15,019 shares of the company’s stock valued at $440,000 after buying an additional 2,720 shares in the last quarter. Finally, 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 in the last quarter. Institutional investors and hedge funds own 70.93% 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.

5 Day Chart for NASDAQ:WING

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