Wingstop (WING) Stock Rating Reaffirmed by Robert W. Baird

Wingstop (NASDAQ:WING)‘s stock had its “buy” rating reissued by analysts at Robert W. Baird in a research report issued on Monday. They currently have a $44.00 price target on the restaurant operator’s stock, up from their previous price target of $30.00. Robert W. Baird’s price target would suggest a potential upside of 10.50% from the stock’s previous close.

WING has been the topic of several other research reports. Stifel Nicolaus upgraded Wingstop from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $40.00 in a research note on Friday, November 3rd. BidaskClub upgraded Wingstop from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered Wingstop from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Longbow Research started coverage on Wingstop in a research note on Friday, October 13th. They issued a “neutral” rating on the stock. Finally, Jefferies Group restated a “hold” rating and issued a $28.00 price objective on shares of Wingstop in a research note on Thursday, October 12th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $37.50.

Shares of Wingstop (NASDAQ WING) opened at $39.82 on Monday. Wingstop has a twelve month low of $24.74 and a twelve month high of $40.59. The stock has a market capitalization of $1,160.00 and a PE ratio of 53.81. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -2.37.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $26.03 million for the quarter, compared to analyst estimates of $25.13 million. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. analysts expect that Wingstop will post 0.73 EPS for the current fiscal year.

In other news, insider Flynn Dekker sold 16,350 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total transaction of $584,839.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lawrence Kruguer sold 10,526 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $33.67, for a total value of $354,410.42. Following the transaction, the insider now owns 22,116 shares in the company, valued at approximately $744,645.72. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC increased its stake in shares of Wingstop by 46.5% during the third quarter. Sterling Capital Management LLC now owns 38,705 shares of the restaurant operator’s stock worth $1,287,000 after purchasing an additional 12,287 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of Wingstop during the third quarter worth approximately $210,000. Bamco Inc. NY increased its stake in shares of Wingstop by 4.7% during the third quarter. Bamco Inc. NY now owns 1,010,000 shares of the restaurant operator’s stock worth $33,582,000 after purchasing an additional 45,000 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Wingstop during the third quarter worth approximately $350,000. Finally, Engineers Gate Manager LP bought a new position in shares of Wingstop during the third quarter worth approximately $1,453,000.

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About Wingstop

Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.

Analyst Recommendations for Wingstop (NASDAQ:WING)

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