Wingstop (WING) Upgraded at Zacks Investment Research

Wingstop (NASDAQ:WING) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Wingstop Inc. franchises and operates restaurants. The Company’s operating segment consists of Franchise segment and Company segment. It offers cooked-to-order, hand-sauced and tossed chicken wings. Wingstop Inc. is headquartered in Dallas, Texas. “

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Other equities research analysts have also recently issued research reports about the company. SunTrust Banks set a $52.00 target price on Wingstop and gave the stock a “buy” rating in a research note on Thursday, January 11th. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a research note on Tuesday, December 12th. Wells Fargo reaffirmed an “outperform” rating and set a $52.00 target price (up previously from $37.00) on shares of Wingstop in a research note on Tuesday, January 23rd. Goldman Sachs reaffirmed a “buy” rating and set a $41.00 target price on shares of Wingstop in a research note on Wednesday, November 29th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $49.00 target price on shares of Wingstop in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $45.42.

WING stock opened at $47.91 on Wednesday. Wingstop has a 1 year low of $25.57 and a 1 year high of $49.69. The company has a debt-to-equity ratio of -2.69, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $1,408.44, a PE ratio of 51.52, a PEG ratio of 3.26 and a beta of 0.97.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. Wingstop had a negative return on equity of 37.25% and a net margin of 25.87%. The company had revenue of $28.29 million during the quarter, compared to the consensus estimate of $27.49 million. During the same period last year, the company earned $0.15 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. research analysts predict that Wingstop will post 0.76 EPS for the current fiscal year.

In other Wingstop news, Director Michael J. Hislop sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $48.30, for a total value of $241,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles R. Morrison sold 1,476 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $48.13, for a total value of $71,039.88. The disclosure for this sale can be found here. Insiders sold 17,770 shares of company stock valued at $827,718 in the last three months. Insiders own 1.76% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Meadow Creek Investment Management LLC grew its stake in Wingstop by 25.7% in the fourth quarter. Meadow Creek Investment Management LLC now owns 5,984 shares of the restaurant operator’s stock valued at $233,000 after acquiring an additional 1,224 shares during the period. Alliancebernstein L.P. grew its stake in Wingstop by 3.8% in the fourth quarter. Alliancebernstein L.P. now owns 35,700 shares of the restaurant operator’s stock valued at $1,392,000 after acquiring an additional 1,300 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in Wingstop by 3.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 52,142 shares of the restaurant operator’s stock valued at $1,734,000 after acquiring an additional 1,546 shares during the period. Rhumbline Advisers grew its stake in Wingstop by 3.0% in the third quarter. Rhumbline Advisers now owns 55,420 shares of the restaurant operator’s stock valued at $1,843,000 after acquiring an additional 1,615 shares during the period. Finally, Lisanti Capital Growth LLC grew its stake in Wingstop by 3.1% in the fourth quarter. Lisanti Capital Growth LLC now owns 72,945 shares of the restaurant operator’s stock valued at $2,843,000 after acquiring an additional 2,165 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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