Wingstop (US:WING) Rating Upped
Professional analysts at Stephens Inc’s equity division boosted Wingstop (US:WING)’s stock from Equal-Weight to Overweight on Monday, 24 April.
The firm’s rating upgrade is welcomed by investors, as US:WING is right now trading 5.91% higher at $29.94 as of 6:02 AM New York time. Wingstop’s stock is 0% over the past 200 days. It has underperformed the S&P500 Index, which has increased 11.86% over the same time.
According to data compiled by Thomson Reuters, Wingstop (US:WING)’s stock is covered by 8 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $31.13, which reflects an upside potential of 3.97% over the current price.
Wingstop (US:WING) Profile
Wingstop Inc. is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.
Wingstop (US:WING) traded up 5.91% on 24 April, hitting $29.94. A total of 882,753 shares of the company’s stock traded hands. This is up from average of 391,590 shares. Wingstop has a 52 week low of $23.78 and a 52 week high of $33.42. The company has a market cap of $869.59M and a P/E ratio of 56.21.
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