Wingstop (NASDAQ:WING)‘s stock had its “equal weight” rating restated by research analysts at Barclays in a research note issued to investors on Tuesday, MarketBeat.com reports. They currently have a $44.00 target price on the restaurant operator’s stock, up from their previous target price of $36.00. Barclays’ target price points to a potential downside of 0.92% from the stock’s previous close.

Several other equities analysts also recently issued reports on WING. Stifel Nicolaus started coverage on shares of Wingstop in a report on Monday, October 2nd. They set a “hold” rating and a $35.00 price target for the company. Robert W. Baird reissued a “buy” rating and set a $39.00 price target on shares of Wingstop in a report on Monday, October 9th. Jefferies Group reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Wingstop in a report on Thursday, October 12th. Longbow Research assumed coverage on shares of Wingstop in a report on Friday, October 13th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research downgraded shares of Wingstop from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $40.75.

Shares of Wingstop (NASDAQ:WING) traded down $0.67 on Tuesday, hitting $44.41. 439,300 shares of the stock traded hands, compared to its average volume of 618,710. Wingstop has a 52 week low of $24.74 and a 52 week high of $45.70. The firm has a market capitalization of $1,311.60, a P/E ratio of 61.68, a price-to-earnings-growth ratio of 2.78 and a beta of 0.69. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -2.37.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $25.13 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. equities analysts expect that Wingstop will post 0.73 EPS for the current fiscal year.

In other Wingstop news, insider Flynn Dekker sold 16,350 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total value of $584,839.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael J. Hislop sold 5,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $41.03, for a total transaction of $205,150.00. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of WING. Riverhead Capital Management LLC raised its position in Wingstop by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock worth $108,000 after acquiring an additional 1,396 shares in the last quarter. Pinebridge Investments L.P. raised its position in Wingstop by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock worth $118,000 after acquiring an additional 52 shares in the last quarter. Turner Investments LLC bought a new stake in Wingstop in the third quarter worth about $150,000. Piedmont Investment Advisors LLC bought a new stake in Wingstop in the third quarter worth about $210,000. Finally, Bayesian Capital Management LP bought a new stake in Wingstop in the second quarter worth about $241,000.

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About Wingstop

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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