Shares of Wingstop Inc (NASDAQ:WING) have earned a consensus rating of “Hold” from the eighteen ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $100.69.

A number of research analysts have recently issued reports on the stock. ValuEngine cut shares of Wingstop from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Stephens cut shares of Wingstop from an “overweight” rating to an “equal weight” rating and set a $93.00 target price for the company. in a research note on Friday, June 28th. SunTrust Banks lifted their target price on shares of Wingstop to $102.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Oppenheimer assumed coverage on shares of Wingstop in a research note on Thursday, September 19th. They issued a “market perform” rating for the company. Finally, Zacks Investment Research upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Saturday, October 5th.

In related news, CEO Charles R. Morrison sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $101.06, for a total value of $111,166.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Hislop sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $93.74, for a total transaction of $468,700.00. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new stake in Wingstop during the 2nd quarter worth $110,000. Centaurus Financial Inc. acquired a new stake in Wingstop during the 2nd quarter worth $127,000. GAM Holding AG acquired a new stake in Wingstop during the 2nd quarter worth $267,000. GWM Advisors LLC grew its holdings in Wingstop by 4.1% during the 2nd quarter. GWM Advisors LLC now owns 2,935 shares of the restaurant operator’s stock worth $278,000 after acquiring an additional 116 shares during the period. Finally, First Mercantile Trust Co. grew its holdings in Wingstop by 7.4% during the 2nd quarter. First Mercantile Trust Co. now owns 2,947 shares of the restaurant operator’s stock worth $279,000 after acquiring an additional 202 shares during the period.

Shares of NASDAQ:WING traded up $0.03 during trading on Friday, reaching $91.07. The stock had a trading volume of 252,794 shares, compared to its average volume of 416,802. Wingstop has a 52 week low of $56.95 and a 52 week high of $107.43. The business’s 50-day moving average price is $90.55 and its 200 day moving average price is $88.52. The stock has a market capitalization of $2.68 billion, a PE ratio of 108.42, a P/E/G ratio of 7.31 and a beta of 0.81.

Wingstop (NASDAQ:WING) last posted its earnings results on Thursday, August 1st. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. Wingstop had a net margin of 11.54% and a negative return on equity of 11.09%. The company had revenue of $48.56 million during the quarter, compared to analysts’ expectations of $47.53 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. Wingstop’s quarterly revenue was up 31.1% compared to the same quarter last year. Equities research analysts anticipate that Wingstop will post 0.73 earnings per share for the current fiscal year.

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 December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.

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Analyst Recommendations for Wingstop (NASDAQ:WING)

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