Barclays Remains a Hold on Wingstop (WING)


In a report issued on August 3, Jeff Bernstein from Barclays maintained a Hold rating on Wingstop (NASDAQ: WING), with a price target of $52. The company’s shares closed on Friday at $59.22, close to its 52-week high of $62.19.

According to TipRanks.com, Bernstein is a 4-star analyst with an average return of 8.2% and a 66.7% success rate. Bernstein covers the Services sector, focusing on stocks such as Brinker International, Jack In The Box Inc, and BJ’s Restaurants.

Wingstop has an analyst consensus of Moderate Buy, with a price target consensus of $56.

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Based on Wingstop’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $6.84 million. In comparison, last year the company had a net profit of $5.27 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock.

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Wingstop, Inc. is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. It operates through the Franchise and Company segments. The Franchise segment consists of domestic and international franchise restaurants. The Company segment comprises company-owned restaurants.

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