Wingstop (NASDAQ:WING) Stock Rating Lowered by BidaskClub

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Wingstop (NASDAQ:WING) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, BidAskClub reports.

Other analysts have also issued reports about the stock. Robert W. Baird raised shares of Wingstop from a “neutral” rating to an “outperform” rating and set a $92.00 price target for the company in a research report on Monday, November 25th. Zacks Investment Research lowered shares of Wingstop from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. ValuEngine lowered shares of Wingstop from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Goldman Sachs Group decreased their price target on shares of Wingstop from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, Morgan Stanley increased their price target on shares of Wingstop from $90.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $101.06.

Shares of Wingstop stock opened at $94.72 on Friday. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 141.37, a PEG ratio of 6.72 and a beta of 0.75. The firm’s 50-day moving average is $90.37 and its two-hundred day moving average is $89.14. Wingstop has a 1 year low of $62.15 and a 1 year high of $107.43.

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC raised its position in shares of Wingstop by 228.0% in the 4th quarter. Advisory Services Network LLC now owns 410 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 285 shares during the last quarter. Smithfield Trust Co. raised its position in shares of Wingstop by 1,090.0% in the 3rd quarter. Smithfield Trust Co. now owns 1,190 shares of the restaurant operator’s stock valued at $104,000 after purchasing an additional 1,090 shares during the last quarter. Coastal Investment Advisors Inc. raised its position in shares of Wingstop by 21.6% in the 4th quarter. Coastal Investment Advisors Inc. now owns 1,234 shares of the restaurant operator’s stock valued at $99,000 after purchasing an additional 219 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Wingstop in the 3rd quarter valued at approximately $153,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Wingstop by 57.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,829 shares of the restaurant operator’s stock valued at $160,000 after purchasing an additional 669 shares during the last quarter.

About Wingstop

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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