Wingstop (NASDAQ:WING) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of ~$0.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.84.
Several brokerages have weighed in on WING. SunTrust Banks set a $52.00 target price on shares of Wingstop and gave the stock a buy rating in a research report on Thursday, January 11th. BidaskClub upgraded shares of Wingstop from a hold rating to a buy rating in a research report on Tuesday, December 12th. Wells Fargo & Co restated an outperform rating and set a $52.00 target price (up from $37.00) on shares of Wingstop in a research report on Tuesday, January 23rd. Jefferies Group increased their price target on shares of Wingstop from $28.00 to $29.00 and gave the company a hold rating in a research report on Friday, November 3rd. Finally, Goldman Sachs Group reiterated a buy rating and issued a $41.00 price target on shares of Wingstop in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $45.50.
Wingstop (WING) traded up $1.05 during mid-day trading on Thursday, hitting $46.78. 1,050,000 shares of the stock traded hands, compared to its average volume of 540,090. The firm has a market capitalization of $1,360.00 and a price-to-earnings ratio of 64.97. Wingstop has a twelve month low of $24.74 and a twelve month high of $49.69. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of -2.37.
In related news, Director Michael J. Hislop sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $41.03, for a total transaction of $205,150.00. The sale was disclosed in a document filed with the SEC, which is accessible through 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 stock was 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. Insiders sold 7,036 shares of company stock worth $300,847 over the last quarter. Company insiders own 1.76% of the company’s stock.
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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