Wingstop (WING) Upgraded to “Strong-Buy” by BidaskClub

Wingstop (NASDAQ:WING) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

A number of other brokerages also recently commented on WING. Longbow Research started coverage on shares of Wingstop in a report on Friday, October 13th. They issued a “neutral” rating for the company. SunTrust Banks reiterated a “buy” rating and issued a $50.00 target price on shares of Wingstop in a report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Wingstop from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Robert W. Baird reiterated a “buy” rating and issued a $44.00 target price (up from $30.00) on shares of Wingstop in a report on Monday, December 4th. Finally, Stephens reiterated a “buy” rating and issued a $50.00 target price on shares of Wingstop in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Wingstop has an average rating of “Buy” and a consensus target price of $45.50.

Wingstop (NASDAQ WING) opened at $45.15 on Friday. The company has a market cap of $1,310.00 and a PE ratio of 62.71. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of -2.37. Wingstop has a fifty-two week low of $24.74 and a fifty-two week high of $49.69.

In other news, Director Michael J. Hislop sold 5,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $41.03, for a total transaction of $205,150.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Charles R. Morrison sold 1,476 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $48.13, for a total transaction of $71,039.88. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS Asset Management Americas Inc. acquired a new position in shares of Wingstop during the fourth quarter valued at about $485,000. BlackRock Inc. increased its holdings in shares of Wingstop by 1.9% during the fourth quarter. BlackRock Inc. now owns 3,687,267 shares of the restaurant operator’s stock valued at $143,728,000 after acquiring an additional 69,908 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Wingstop by 8.3% during the fourth quarter. Bank of New York Mellon Corp now owns 390,788 shares of the restaurant operator’s stock valued at $15,233,000 after acquiring an additional 29,798 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Wingstop by 16.6% during the fourth quarter. Rhumbline Advisers now owns 64,644 shares of the restaurant operator’s stock valued at $2,520,000 after acquiring an additional 9,224 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Wingstop by 226.0% during the fourth quarter. Arizona State Retirement System now owns 48,901 shares of the restaurant operator’s stock valued at $1,906,000 after acquiring an additional 33,901 shares in the last quarter.

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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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