.jpg "Wingstop (NASDAQ: WING)")
Jefferies analyst Andy Barish reiterated a Sell rating on Wingstop (NASDAQ: WING) on July 12 and set a price target of $42. The company’s shares closed yesterday at $52.21, close to its 52-week high of $55.86.
According to TipRanks.com, Barish is a 4-star analyst with an average return of 5.7% and a 52.1% success rate. Barish covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Ruth’s Hospitality, and Cheesecake Factory.
Wingstop has an analyst consensus of Moderate Buy, with a price target consensus of $53.33.
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Based on Wingstop’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $6.17 million. In comparison, last year the company had a net profit of $5.27 million.
Based on the recent corporate insider activity of 43 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.
