Equities research analysts at Gordon Haskett started coverage on shares of Wingstop (NASDAQ:WING) in a report released on Thursday, The Fly reports. The firm set a “buy” rating on the restaurant operator’s stock.

Several other brokerages also recently weighed in on WING. Wedbush restated an “outperform” rating and set a $74.00 price objective (up from $70.00) on shares of Wingstop in a research report on Wednesday, October 10th. SunTrust Banks restated a “buy” rating and set a $62.00 price objective on shares of Wingstop in a research report on Friday, August 3rd. BidaskClub upgraded Wingstop from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 13th. Goldman Sachs Group downgraded Wingstop from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $58.00 to $66.00 in a research report on Tuesday, September 11th. Finally, Robert W. Baird upped their price objective on Wingstop from $53.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Wingstop has a consensus rating of “Buy” and a consensus target price of $63.53.

Shares of WING stock traded down $2.58 on Thursday, hitting $71.36. 859,400 shares of the company’s stock were exchanged, compared to its average volume of 578,984. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of -1.53. Wingstop has a 12 month low of $31.53 and a 12 month high of $75.58. The company has a market cap of $2.00 billion, a P/E ratio of 96.43, a P/E/G ratio of 4.14 and a beta of 1.03.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Thursday, August 2nd. The restaurant operator reported $0.23 earnings per share for the quarter, topping the 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 business had revenue of $37.04 million during the quarter, compared to the consensus estimate of $36.92 million. During the same period in the prior year, the company earned $0.18 EPS. Wingstop’s revenue for the quarter was up 17.3% on a year-over-year basis. As a group, equities research analysts anticipate that Wingstop will post 0.85 earnings per share for the current fiscal year.

In other Wingstop news, Director Michael J. Hislop sold 5,900 shares of the company’s 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stacy Peterson sold 5,259 shares of the company’s stock in a transaction dated Tuesday, August 7th. The stock was 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. In the last ninety days, insiders sold 31,596 shares of company stock valued at $1,966,570. Insiders own 1.70% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Seven Eight Capital LP acquired a new position in Wingstop in the 3rd quarter worth about $1,252,000. Nisa Investment Advisors LLC increased its holdings in Wingstop by 46.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,100 shares of the restaurant operator’s stock worth $280,000 after purchasing an additional 1,300 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Wingstop in the 3rd quarter worth about $413,000. Northern Trust Corp increased its holdings in Wingstop by 8.8% in the 2nd quarter. Northern Trust Corp now owns 368,705 shares of the restaurant operator’s stock worth $19,216,000 after purchasing an additional 29,797 shares in the last quarter. Finally, Strategic Wealth Advisors Group LLC acquired a new position in Wingstop in the 2nd quarter worth about $646,000.

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.

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Analyst Recommendations for Wingstop (NASDAQ:WING)

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