In a report issued on July 29, Brian Vaccaro from Raymond James assigned a Hold rating to Wingstop (WING). The company’s shares closed last Wednesday at $164.87, close to its 52-week high of $165.18.
According to TipRanks.com, Vaccaro is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -4.4% and a 45.6% success rate. Vaccaro covers the Services sector, focusing on stocks such as Brinker International, Ruth’s Hospitality, and Cheesecake Factory.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wingstop with a $157.17 average price target, which is a -4.6% downside from current levels. In a report issued on July 15, Northcoast Research also downgraded the stock to Hold.
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Based on Wingstop’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $55.44 million and net profit of $8.1 million. In comparison, last year the company earned revenue of $48.56 million and had a net profit of $4.92 million.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WING in relation to earlier this year.
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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 Franchise and Company segments. The Franchise segment consists of domestic and international franchise restaurants. The Company segment comprises company-owned restaurants. The company was founded in 1994 and is headquartered in Dallas, TX.