Wingstop Inc. (WING) Shares Down 1.4%
Wingstop Inc. (NASDAQ:WING) traded down 1.4% during trading on Tuesday . The company traded as low as $30.48 and last traded at $30.66, with a volume of 126,246 shares changing hands. The stock had previously closed at $31.10.
A number of research firms have recently issued reports on WING. Goldman Sachs Group Inc. lifted their price target on shares of Wingstop from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 12th. Zacks Investment Research upgraded shares of Wingstop from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Jefferies Group reiterated a “buy” rating and set a $30.00 price target on shares of Wingstop in a research report on Monday, August 8th. Robert W. Baird reiterated an “outperform” rating and set a $33.00 price target on shares of Wingstop in a research report on Monday, August 8th. Finally, Morgan Stanley reiterated a “buy” rating and set a $38.00 price target on shares of Wingstop in a research report on Friday, August 5th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Wingstop has a consensus rating of “Buy” and a consensus price target of $31.36.
The firm has a 50-day moving average price of $28.28 and a 200 day moving average price of $25.88. The firm has a market capitalization of $882.24 million and a price-to-earnings ratio of 58.50.
Wingstop (NASDAQ:WING) last posted its earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm earned $22.70 million during the quarter, compared to the consensus estimate of $22.05 million. Wingstop’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the company posted $0.11 EPS. Equities analysts predict that Wingstop Inc. will post $0.56 earnings per share for the current year.
In other Wingstop news, Director Neal K. Aronson sold 6,000,000 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO William Engen sold 4,340 shares of the company’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $25.85, for a total transaction of $112,189.00. Following the completion of the transaction, the chief operating officer now owns 11,200 shares of the company’s stock, valued at approximately $289,520. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Wingstop stock. RS Investment Management Co. LLC boosted its stake in Wingstop Inc. (NASDAQ:WING) by 32.5% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,202,240 shares of the company’s stock after buying an additional 295,230 shares during the period. RS Investment Management Co. LLC owned approximately 4.21% of Wingstop worth $27,423,000 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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