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 https://theolympiareport.com/2017/08/08/jefferies-group-analysts-raise-earnings-estimates-for-wingstop-inc-wing.html.

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: Seekingalpha.com 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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