Wedbush analyst Nick Setyan downgraded Wingstop (WING) to Hold today and set a price target of $92. The company’s shares closed yesterday at $97.29, close to its 52-week high of $98.60.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 5.3% and a 56.8% success rate. Setyan covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Del Taco Restaurants, and Cheesecake Factory.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wingstop with a $87.63 average price target.
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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 $6.61 million. In comparison, last year the company had a net profit of $6.84 million.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2019, Michael Skipworth, the EVP and CFO of WING sold 5,450 shares for a total of $422,103.
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.
