Wingstop Inc. (WING) Upgraded to "Hold" by BidaskClub

Paterniano Del Favero
Agosto 9, 2017

The Return on Equity ratio of Wingstop Inc. On November 14 the company was changed to a "Outperform" according to a Wells Fargo report which is up from the previous "Market Perform" rating. Bartlett now anticipates that the restaurant operator will post earnings per share of $0.15 for the quarter, down from their prior forecast of $0.16. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & worldwide copyright and trademark laws. If you are accessing this article on another domain, it was copied illegally and reposted in violation of USA & global copyright and trademark legislation. The legal version of this piece of content can be accessed at

Other equities analysts have also issued reports about the company.

Analysts on average have given a price target of $34.45 to Wingstop Inc. Goldman Sachs upgraded the stock and raised the price target on April 1 changing the price objective from $27.00 to $28.00 and altering the rating from "Neutral" to "Buy".

August 4 investment analysts at Barclays held the company rating at "Equal-Weight" but raised the price target from $27.00 to $34.00.

Wingstop Inc. (NASDAQ:WING) has earned an average recommendation of "Buy" from the eleven research firms that are covering the company, MarketBeat Ratings reports. The rating was initiated by Suntrust Robinson on Thursday, October 8 with "Buy". One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock now has an average rating of "Buy" and a consensus target price of $34.50.

More recent Wingstop Inc (NASDAQ:WING) news were published by: which released: "Wingstop +6% after earnings, dividend initiation" on August 04, 2017. The stock has a market cap of $946.97 million, a P/E ratio of 54.38 and a beta of 0.60. The firm has a 50-day moving average of $30.67 and a 200 day moving average of $28.98. Wingstop has a 1-year low of $24.74 and a 1-year high of $34.16. Investors of record on Sunday, September 3rd will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.85%.

In related news, Director Sidney J. Feltenstein sold 26,000 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $30.06, for a total transaction of $781,560.00. The company was initiated on Tuesday, December 1 by Guggenheim. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Flynn Dekker sold 4,102 shares of the business's stock in a transaction dated Monday, May 15th. (NASDAQ:WING) recently. Director Sidney J. Feltenstein let go of 26,000 shares at a price of $30.05 on Wednesday the 24th. Following the completion of the sale, the chief financial officer now directly owns 75,400 shares of the company's stock, valued at $2,323,828. The disclosure for this sale can be found here. Insiders have sold a total of 45,905 shares of company stock worth $1,382,411 over the last ninety days.

Several hedge funds and other institutional investors have recently modified their holdings of WING. Fortaleza Asset Management Inc. bought a new position in Wingstop during the second quarter valued at about $108,000. LS Investment Advisors LLC raised its position in Wingstop by 291.0% in the first quarter. State Street Corp now owns 381,506 shares of the restaurant operator's stock valued at $11,292,000 after buying an additional 141,522 shares during the period. Teachers Advisors LLC now owns 24,881 shares of the restaurant operator's stock valued at $736,000 after buying an additional 252 shares during the period. Mason Street Advisors LLC boosted its position in shares of Wingstop by 7.4% in the first quarter.

The stock increased 2.63% or $0.85 during the last trading session, reaching $33.13. Municipal Employees Retirement System of MI boosted its stake in shares of Wingstop by 3.2% in the second quarter. BNP Paribas Arbitrage SA now owns 5,767 shares of the restaurant operator's stock valued at $163,000 after buying an additional 804 shares during the last quarter.

On the other hand Wingstop Inc Cmn (NASDAQ:WING) has Relative Strength Index (RSI 14) of 63.26 along with Average True Range (ATR 14) of 0.93. The Firm operates through two divisions: Franchise and Company.

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