Breaking: Morgan Stanley Keeps $52 Target Price On Wingstop (NASDAQ:WING) Shares, Keeps Their Original Overweight Rating

April 17, 2018 - By Nellie Frank

Wingstop Inc. (NASDAQ:WING) Logo

Wingstop (NASDAQ:WING) Rating Reaffirmed

Recently, In analysts report revealed to clients on Monday, 16 April, Wingstop (NASDAQ:WING) shares have had their Overweight Rating reconfirmed by professional analysts at Morgan Stanley, who currently has a $52 target price on firm. This target by Morgan Stanley indicates the possibile upside of 1.72 % from the last stock price.

Wingstop Inc. (NASDAQ:WING) Ratings Coverage

Among 13 analysts covering Wingstop (NASDAQ:WING), 7 have Buy rating, 1 Sell and 5 Hold. Therefore 54% are positive. Wingstop has $52.0 highest and $29.0 lowest target. $45.25’s average target is -11.48% below currents $51.12 stock price. Wingstop had 29 analyst reports since October 26, 2017 according to SRatingsIntel. Jefferies maintained the shares of WING in report on Friday, November 3 with “Hold” rating. The rating was maintained by SunTrust with “Buy” on Thursday, January 11. The stock of Wingstop Inc. (NASDAQ:WING) earned “Neutral” rating by Guggenheim on Wednesday, November 29. The rating was maintained by Stephens with “Buy” on Tuesday, January 30. The stock of Wingstop Inc. (NASDAQ:WING) has “Buy” rating given on Tuesday, January 2 by SunTrust. The rating was maintained by Stephens on Friday, February 23 with “Buy”. The firm earned “Buy” rating on Friday, November 10 by Robert W. Baird. Cowen & Co maintained it with “Buy” rating and $41.0 target in Wednesday, November 22 report. The company was maintained on Tuesday, January 23 by Wells Fargo. The stock of Wingstop Inc. (NASDAQ:WING) has “Hold” rating given on Tuesday, January 16 by Barclays Capital.

The stock increased 0.06% or $0.03 during the last trading session, reaching $51.12. About 464,727 shares traded. Wingstop Inc. (NASDAQ:WING) has risen 89.00% since April 17, 2017 and is uptrending. It has outperformed by 77.45% the S&P500.

Analysts await Wingstop Inc. (NASDAQ:WING) to report earnings on May, 3. They expect $0.20 earnings per share, down 9.09 % or $0.02 from last year’s $0.22 per share. WING’s profit will be $5.83 million for 63.90 P/E if the $0.20 EPS becomes a reality. After $0.17 actual earnings per share reported by Wingstop Inc. for the previous quarter, Wall Street now forecasts 17.65 % EPS growth.

Wingstop Inc., together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. The company has market cap of $1.49 billion. The Company’s restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. It has a 54.97 P/E ratio. As of March 06, 2017, the firm operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, and the United Arab Emirates.

Wingstop Inc. (NASDAQ:WING) Ratings Chart

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