Wingstop (WING) Receives a Hold from Barclays
In a report issued on May 7, Jeff Bernstein from Barclays maintained a Hold rating on Wingstop (WING), with a price target of $69. The company’s shares opened today at $78.07, close to its 52-week high of $79.67.
According to TipRanks.com, Bernstein is a 5-star analyst with an average return of 8.3% and a 72.3% success rate. Bernstein covers the Services sector, focusing on stocks such as Restaurant Brands International, Jack In The Box Inc, and Cheesecake Factory.
Currently, the analyst consensus on Wingstop is a Moderate Buy with an average price target of $78.40, a 0.4% upside from current levels. In a report released yesterday, Morgan Stanley also reiterated a Hold rating on the stock with a $73 price target.
See today’s analyst top recommended stocks >>
Based on Wingstop’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $6.61 million. In comparison, last year the company had a net profit of $6.17 million.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 Franchise and Company segments. The Franchise segment consists of domestic and international franchise restaurants. The Company segment comprises company-owned restaurants.