Wingstop (NASDAQ:WING) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

WING has been the subject of several other research reports. BTIG Research downgraded Wingstop from a “buy” rating to a “neutral” rating and set a $59.00 target price for the company. in a research report on Tuesday, September 4th. They noted that the move was a valuation call. Guggenheim raised Wingstop from a “neutral” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Wednesday, October 3rd. SunTrust Banks upped their target price on Wingstop from $62.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. Morgan Stanley upped their target price on Wingstop from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, August 3rd. Finally, Zacks Investment Research downgraded Wingstop from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $61.87.

Shares of NASDAQ WING opened at $69.49 on Friday. Wingstop has a 1-year low of $31.53 and a 1-year high of $72.26. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of -1.53. The stock has a market capitalization of $2.00 billion, a PE ratio of 93.91, a P/E/G ratio of 4.14 and a beta of 1.03.

Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, August 2nd. The restaurant operator reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Wingstop had a negative return on equity of 24.63% and a net margin of 22.15%. The company had revenue of $37.04 million during the quarter, compared to the consensus estimate of $36.92 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. The company’s revenue was up 17.3% compared to the same quarter last year. On average, research analysts anticipate that Wingstop will post 0.85 EPS for the current fiscal year.

In related news, Director Michael J. Hislop sold 5,900 shares of the stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $69.11, for a total value of $407,749.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stacy Peterson sold 5,259 shares of the stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $58.87, for a total value of $309,597.33. Following the completion of the transaction, the insider now directly owns 31,423 shares of the company’s stock, valued at approximately $1,849,872.01. The disclosure for this sale can be found here. Insiders sold 31,596 shares of company stock valued at $1,966,570 in the last three months. 1.70% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of WING. Schwab Charles Investment Management Inc. boosted its holdings in Wingstop by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 143,900 shares of the restaurant operator’s stock valued at $6,797,000 after purchasing an additional 6,614 shares during the last quarter. BlackRock Inc. boosted its holdings in Wingstop by 1.3% in the first quarter. BlackRock Inc. now owns 3,734,552 shares of the restaurant operator’s stock valued at $176,384,000 after purchasing an additional 47,285 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Wingstop by 4.6% in the first quarter. Great West Life Assurance Co. Can now owns 38,632 shares of the restaurant operator’s stock valued at $1,824,000 after purchasing an additional 1,713 shares during the last quarter. California Public Employees Retirement System purchased a new position in Wingstop in the first quarter valued at about $1,449,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Wingstop by 8.1% in the first quarter. Dimensional Fund Advisors LP now owns 776,468 shares of the restaurant operator’s stock valued at $36,673,000 after purchasing an additional 57,897 shares during the last quarter.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.

See Also: What is Compound Annual Growth Rate (CAGR)?

Analyst Recommendations for Wingstop (NASDAQ:WING)

Receive News & Ratings for Wingstop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop and related companies with MarketBeat.com's FREE daily email newsletter.