A number of other brokerages have also recently commented on WING. BMO Capital Markets reissued an “outperform” rating and issued a $108.00 price objective (up from $84.00) on shares of Wingstop in a research note on Monday, June 24th. Stifel Nicolaus raised their price target on shares of Wingstop from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Co raised their price target on shares of Wingstop from $85.00 to $111.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Raymond James assumed coverage on shares of Wingstop in a research note on Wednesday, September 4th. They set a “market perform” rating on the stock. Finally, Goldman Sachs Group assumed coverage on shares of Wingstop in a research note on Monday, July 29th. They set a “buy” rating and a $135.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Wingstop currently has an average rating of “Hold” and a consensus price target of $92.14.
Shares of NASDAQ:WING traded down $3.69 on Tuesday, reaching $88.43. 246,579 shares of the company were exchanged, compared to its average volume of 491,911. Wingstop has a 1-year low of $56.95 and a 1-year high of $107.43. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 105.27, a price-to-earnings-growth ratio of 6.54 and a beta of 0.83. The company has a 50-day moving average of $98.44 and a 200-day moving average of $85.17.
Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.17. Wingstop had a net margin of 11.54% and a negative return on equity of 11.09%. The business had revenue of $48.56 million for the quarter, compared to analysts’ expectations of $47.53 million. During the same period in the prior year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. As a group, analysts expect that Wingstop will post 0.73 earnings per share for the current year.
In other news, Director Michael J. Hislop sold 5,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $93.74, for a total transaction of $468,700.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles R. Morrison sold 1,100 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $101.06, for a total transaction of $111,166.00. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. GWM Advisors LLC lifted its holdings in shares of 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. State of Alaska Department of Revenue raised its holdings in Wingstop by 1.2% in the second quarter. State of Alaska Department of Revenue now owns 10,004 shares of the restaurant operator’s stock valued at $947,000 after buying an additional 119 shares during the period. Envestnet Asset Management Inc. raised its holdings in Wingstop by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 4,969 shares of the restaurant operator’s stock valued at $471,000 after buying an additional 175 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in Wingstop by 2.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,770 shares of the restaurant operator’s stock valued at $831,000 after buying an additional 180 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in Wingstop by 1.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,547 shares of the restaurant operator’s stock valued at $1,094,000 after buying an additional 200 shares during the period.
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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