Wedbush Believes Wingstop (WING) Won’t Stop Here


Wedbush analyst Nick Setyan maintained a Buy rating on Wingstop (WING) today and set a price target of $74. The company’s shares closed on Friday at $67.71, close to its 52-week high of $72.22.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.3% and a 55.8% success rate. Setyan covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Del Taco Restaurants, and Jack In The Box Inc.

Wingstop has an analyst consensus of Hold, with a price target consensus of $68.50.

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Based on Wingstop’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $6.29 million. In comparison, last year the company had a net profit of $10.5 million.

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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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