Wingstop (NASDAQ:WING) Rating Lowered to Sell at Wall Street Zen

by · The Cerbat Gem

Wingstop (NASDAQ:WING – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also weighed in on WING. Barclays boosted their price objective on Wingstop from $295.00 to $335.00 and gave the stock an “overweight” rating in a research report on Wednesday. Stifel Nicolaus reduced their target price on shares of Wingstop from $300.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday. Royal Bank Of Canada boosted their price objective on shares of Wingstop from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. UBS Group reaffirmed a “neutral” rating and set a $295.00 target price on shares of Wingstop in a report on Tuesday, October 28th. Finally, Northcoast Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Wednesday, November 5th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $340.64.

Read Our Latest Stock Analysis on WING

Wingstop Trading Up 2.0%

WING opened at $274.00 on Friday. The company has a market cap of $7.61 billion, a P/E ratio of 44.63, a PEG ratio of 3.13 and a beta of 1.77. The company’s 50 day moving average is $248.70 and its 200-day moving average is $279.94. Wingstop has a 1-year low of $204.00 and a 1-year high of $388.14.

Wingstop (NASDAQ:WING – Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.18. The business had revenue of $175.74 million during the quarter, compared to analysts’ expectations of $189.10 million. Wingstop had a net margin of 25.51% and a negative return on equity of 16.17%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. On average, equities analysts forecast that Wingstop will post 4.18 EPS for the current year.

Insider Buying and Selling

In related news, Director Kilandigalu Madati sold 269 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $259.97, for a total transaction of $69,931.93. Following the transaction, the director directly owned 5,283 shares of the company’s stock, valued at approximately $1,373,421.51. This represents a 4.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Wingstop

A number of institutional investors have recently modified their holdings of the company. Cornerstone Planning Group LLC raised its holdings in shares of Wingstop by 1,650.0% in the third quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. Quaker Wealth Management LLC grew its position in Wingstop by 134.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 408 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its stake in Wingstop by 54.3% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 142 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 50 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in Wingstop in the 2nd quarter valued at about $43,000. Finally, Hantz Financial Services Inc. lifted its position in shares of Wingstop by 4,200.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock worth $43,000 after buying an additional 126 shares in the last quarter.

About Wingstop

(Get Free Report)

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.

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