Wingstop Inc. (WING) Stock Price Up 3.3%
Shares of Wingstop Inc. (NASDAQ:WING) rose 3.3% on Friday . The stock traded as high as $31.26 and last traded at $31.10, with a volume of 117,476 shares traded. The stock had previously closed at $30.12.
WING has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Wingstop from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Robert W. Baird initiated coverage on shares of Wingstop in a research note on Sunday, May 8th. They set a “buy” rating for the company. Jefferies Group reaffirmed a “buy” rating and set a $30.00 price objective on shares of Wingstop in a research note on Monday, August 8th. Wedbush initiated coverage on shares of Wingstop in a research note on Wednesday, July 6th. They set an “outperform” rating and a $35.00 price objective for the company. Finally, Wells Fargo & Co. reaffirmed a “market perform” rating and set a $26.00 price objective (up from $24.00) on shares of Wingstop in a research note on Thursday, June 9th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $31.73.
The firm has a 50 day moving average price of $29.08 and a 200 day moving average price of $26.25. The firm has a market cap of $898.90 million and a price-to-earnings ratio of 59.60.
Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business earned $22.70 million during the quarter, compared to analysts’ expectations of $22.05 million. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 earnings per share. On average, equities analysts expect that Wingstop Inc. will post $0.56 EPS for the current year.
In other Wingstop news, COO William Engen sold 4,340 shares of Wingstop stock in a transaction on Monday, June 27th. The shares were sold at an average price of $25.85, for a total value of $112,189.00. Following the completion of the transaction, the chief operating officer now directly owns 11,200 shares of the company’s stock, valued at approximately $289,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Neal K. Aronson sold 6,000,000 shares of Wingstop 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 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 Wingstop Inc. (NASDAQ:WING) by 25.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 437,661 shares of the company’s stock after buying an additional 88,254 shares during the period. Wells Fargo & Company MN owned 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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