Wingstop (NASDAQ:WING) was downgraded by stock analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report released on Tuesday, The Fly reports.
A number of other brokerages also recently commented on WING. Stephens reaffirmed a “buy” rating and set a $50.00 price objective on shares of Wingstop in a research report on Wednesday, January 31st. Cowen reaffirmed an “outperform” rating and set a $51.00 price objective (up from $46.00) on shares of Wingstop in a research report on Tuesday, February 6th. Zacks Investment Research raised shares of Wingstop from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective on the stock in a research report on Friday, February 2nd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $52.00 price objective (up from $37.00) on shares of Wingstop in a research report on Tuesday, January 23rd. Finally, BidaskClub raised shares of Wingstop from a “hold” rating to a “buy” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $45.50.
Wingstop (WING) opened at $46.93 on Tuesday. Wingstop has a 1 year low of $24.74 and a 1 year high of $49.69. The company has a market cap of $1,365.43, a P/E ratio of 65.18, a P/E/G ratio of 2.95 and a beta of 1.01. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -2.37.
Hedge funds have recently bought and sold shares of the business. Sei Investments Co. bought a new stake in Wingstop in the third quarter worth approximately $495,000. ETRADE Capital Management LLC bought a new stake in shares of Wingstop during the 3rd quarter worth $360,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Wingstop by 68.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,084 shares of the restaurant operator’s stock worth $502,000 after buying an additional 6,105 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Wingstop by 66.1% during the 2nd quarter. California State Teachers Retirement System now owns 51,502 shares of the restaurant operator’s stock worth $1,591,000 after buying an additional 20,500 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Wingstop by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,433,708 shares of the restaurant operator’s stock worth $75,200,000 after buying an additional 16,622 shares during the period.
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Wingstop Company Profile
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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