Wingstop Inc. (NASDAQ:WING) shares were down 1.4% during mid-day trading on Tuesday . The stock traded as low as $30.48 and last traded at $30.66, with a volume of 126,246 shares. The stock had previously closed at $31.10.

Several research analysts have issued reports on WING shares. Zacks Investment Research lowered Wingstop from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. Robert W. Baird started coverage on Wingstop in a report on Sunday, May 8th. They issued a “buy” rating on the stock. Jefferies Group reiterated a “buy” rating and issued a $30.00 price target on shares of Wingstop in a report on Monday, August 8th. Wedbush started coverage on Wingstop in a report on Wednesday, July 6th. They issued an “outperform” rating and a $35.00 price target on the stock. Finally, Wells Fargo & Co. reiterated a “market perform” rating and issued a $26.00 price target (up previously from $24.00) on shares of Wingstop in a report on Thursday, June 9th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $31.36.

The company’s 50 day moving average price is $28.19 and its 200 day moving average price is $25.84. The firm has a market capitalization of $886.83 million and a P/E ratio of 58.80.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $22.70 million for the quarter, compared to analysts’ expectations of $22.05 million. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS. On average, analysts anticipate that Wingstop Inc. will post $0.56 EPS for the current fiscal year.

In related news, insider David A. Vernon sold 17,206 shares of the business’s stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $27.57, for a total transaction of $474,369.42. Following the transaction, the insider now owns 78,169 shares in the company, valued at approximately $2,155,119.33. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Neal K. Aronson sold 6,000,000 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $28.50, for a total value of $171,000,000.00. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Wingstop stock. Wells Fargo & Company MN raised its position in shares of Wingstop Inc. (NASDAQ:WING) by 25.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 437,661 shares of the company’s stock after buying an additional 88,254 shares during the period. Wells Fargo & Company MN owned about 1.53% of Wingstop worth $9,984,000 at the end of the most recent quarter.

Wingstop Inc (Wingstop) is a franchisor and operator of restaurants that specializes in hand-sauced and tossed chicken wings. The Company offers around 11 flavors on its bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides made fresh daily. The Company operates business through two segments, which include Franchise segment and Company segment.

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