Wingstop Inc. (NASDAQ:WING) Downgraded to Sell at BidaskClub

Wingstop Inc. (NASDAQ:WING) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday, August 1st.

A number of other brokerages have also recently commented on WING. Cowen and Company raised their target price on Wingstop from $34.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Wedbush reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Wingstop in a report on Monday, May 15th. Stephens raised their target price on Wingstop from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, May 8th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $35.00 target price (up from $31.00) on shares of Wingstop in a report on Monday, May 8th. Finally, Barclays PLC raised their target price on Wingstop from $26.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $34.50.

Shares of Wingstop (NASDAQ WING) opened at 34.76 on Tuesday. The firm has a 50 day moving average price of $31.56 and a 200 day moving average price of $29.42. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 54.23 and a beta of 0.60. Wingstop has a 52 week low of $24.74 and a 52 week high of $35.49.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. The firm had revenue of $24.70 million for the quarter, compared to analysts’ expectations of $24.61 million. Wingstop had a negative return on equity of 28.04% and a net margin of 19.28%. During the same period in the prior year, the firm earned $0.15 EPS. Equities analysts forecast that Wingstop will post $0.73 EPS for the current year.

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In other Wingstop news, Director Sidney J. Feltenstein sold 15,401 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $30.08, for a total transaction of $463,262.08. Following the sale, the director now directly owns 39,750 shares of the company’s stock, valued at $1,195,680. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sidney J. Feltenstein sold 26,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $30.06, for a total value of $781,560.00. Following the sale, the director now directly owns 39,750 shares in the company, valued at $1,194,885. The disclosure for this sale can be found here. 1.76% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Wingstop by 200,013.0% in the first quarter. BlackRock Inc. now owns 3,473,961 shares of the restaurant operator’s stock worth $98,242,000 after buying an additional 3,472,225 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Wingstop by 15.6% in the first quarter. Wellington Management Group LLP now owns 3,955,238 shares of the restaurant operator’s stock worth $111,855,000 after buying an additional 533,086 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Wingstop by 56.3% in the second quarter. Goldman Sachs Group Inc. now owns 1,453,769 shares of the restaurant operator’s stock worth $44,921,000 after buying an additional 523,811 shares during the last quarter. Cortina Asset Management LLC purchased a new position in shares of Wingstop during the first quarter worth $13,430,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Wingstop during the second quarter worth $11,947,000.

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.

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