The stock of Wingstop Inc (NASDAQ:WING) is a huge mover today! The stock decreased 2.77% or $0.81 during the last trading session, hitting $28.39. About 184,451 shares traded hands. Wingstop Inc (NASDAQ:WING) has risen 16.33% since March 2, 2016 and is uptrending. It has outperformed by 8.08% the S&P500.
The move comes after 6 months negative chart setup for the $811.98 million company. It was reported on Oct, 6 by Barchart.com. We have $26.12 PT which if reached, will make NASDAQ:WING worth $64.96M less.
Analysts await Wingstop Inc (NASDAQ:WING) to report earnings on November, 3. They expect $0.11 EPS, 0.00% or $0.00 from last year’s $0.11 per share. WING’s profit will be $3.15M for 64.52 P/E if the $0.11 EPS becomes a reality. After $0.15 actual EPS reported by Wingstop Inc for the previous quarter, Wall Street now forecasts -26.67% negative EPS growth.
Wingstop Inc (NASDAQ:WING) Ratings Coverage
Out of 7 analysts covering Wingstop (NASDAQ:WING), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Wingstop has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. On Thursday, October 8 the stock rating was initiated by Suntrust Robinson with “Buy”. On Tuesday, April 19 the stock rating was initiated by Cowen & Co with “Outperform”. The stock has “Buy” rating given by SunTrust on Thursday, October 8. The stock of Wingstop Inc (NASDAQ:WING) has “Buy” rating given on Friday, August 12 by Goldman Sachs. Guggenheim initiated the stock with “Buy” rating in Tuesday, December 1 report. The firm has “Buy” rating given on Friday, April 1 by Goldman Sachs.
According to Zacks Investment Research, “Wingstop Inc. franchises and operates restaurants. The Company’s operating segment consists of Franchise segment and Company segment. It offers cooked-to-order, hand-sauced and tossed chicken wings. Wingstop Inc. is headquartered in Dallas, Texas.”
More notable recent Wingstop Inc (NASDAQ:WING) news were published by: Fool.com which released: “Why Wingstop Inc. Stock Climbed 15% in August” on September 14, 2016, also Fool.com with their article: “Here’s Why Wingstop Inc. Gained 12% in May” published on June 12, 2016, Fool.com published: “Better Buy for 2016: Wingstop Inc. or Fogo de Chao Inc?” on January 13, 2016. More interesting news about Wingstop Inc (NASDAQ:WING) were released by: Globenewswire.com and their article: “Wingstop Inc. Names Industry Veteran Darryl Marsch General Counsel” published on July 26, 2016 as well as Globenewswire.com‘s news article titled: “Wingstop Inc. Appoints Wesley McDonald to Board of Directors” with publication date: May 20, 2016.
WING Company Profile
Wingstop Inc., incorporated on March 18, 2015, is franchisor and operator of restaurants that specialize in cooked-to-order, hand-sauced and tossed chicken wings. The Firm offers its guests with over 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides. It is a casual chicken wings-focused restaurant chain with various concepts, which include wings as add-on menu items or focus on wings in a bar or sports-centric setting. The flavors include Atomic, Mango Habanero, Cajun, Original Hot, Louisiana Rub, Mild, Hickory Smoked BBQ, Lemon Pepper, Garlic Parmesan, Hawaiian and Teriyaki. It offers various order options, including eat-in, to go, individual, combo meals and family packs. The Firm operates through two divisions: Franchise and Company.
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