According to the data made available by Bloomberg.com, the twenty-one rating agencies presently keeping an eye on Wingstop INC (NASDAQ: WING) have collectively recommended that investors “hold” the company’s stock.
There is a recommendation to sell the stock from one investment analyst, a recommendation to hold the stock from seven analysts, and a recommendation to buy the stock from eight analysts.
The vast majority of brokerage firms that rated the company during the preceding year have an average price target for the company’s stock set at $173.00 for the next twelve months.
In related news about this topic, on March 3, Director Krishnan Anand completed a transaction in which he sold 862 shares of the company’s stock.
This news was brought to your attention because it is relevant.
The price received for each share was an average of $173.21, and the total amount received from the sale of the stock was 149,307.02 dollars.
As a direct consequence of the transaction, the director is now the direct owner of 3,639 shares of the company’s stock, and the total value of these shares is approximately 630,311.19 dollars.
The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed by following the link in the previous sentence.
The documentation was provided to the SEC.
In related news, on March 3, Director Krishnan Anand sold 862 company stock.
This is another piece of recent information regarding this subject.
The price received for each share was an average of $173.21, and the total amount received from the sale of the stock was 149,307.02 dollars.
Following the completion of the sale, the director is the sole owner of 3,639 shares.
The total value of these shares is approximately 630,311.19 dollars. On the Securities and Exchange Commission’s (SEC) website, you can access the information submitted to the SEC regarding the transaction, which is currently available.
Donnie Upshaw, the senior vice president of the company, sold 1,088 shares of the company’s stock on February 24.
The transaction involved the sale of the shares at an average price of $172.50 per share, which led to a total sale volume of 187,680.00 dollars. Following the completion of the transaction, the senior vice president will own a total of 6,007 shares of the company.
The current market price for these shares is approximately $1,036,207.50. You may find the disclosure relevant to the sale in this section.
Its employees and other insiders own 0.64% of the company.
Recently, there has been a lot of interest in WING from different research companies.
In a report released on February 23, Stephens gave Wingstop an “overweight” rating and increased their price objective on the stock from $173.00 to $200.00.
Additionally, they raised their price target on the stock from $173.00 to $200.00. UBS Group moved Wingstop from a “neutral” rating to a “buy” rating and increased their price objective on the stock from $145.00 to $190.00 in a research note disseminated on Thursday, February 23.
The research note was also distributed.
In a report released on February 21, Robert W.
Baird increased their price objective for Wingstop.
The previous price objective was $175.00, but the new one is $190.00.
The brokerage firm also assigned the company a rating of “outperform” on its portfolio.
Truist Financial announced, in a research note released on Thursday, February 23, that they had increased their target price for Wingstop from $132.00 to $162.00. Citigroup raised its target price on Wingstop shares from $193.00 to $200.00 and upgraded the stock from a “hold” rating to a “buy” rating in a research report published on Thursday, February 23.
In addition, the report stated that the price target set for the stock was raised from $193.00 to $200.00.
Recently, several institutional investors have modified the processes by which they invest their money in the company in various ways.
BlackRock INC increased the amount of Wingstop stock owned by 1.5% during the first three months of 2018.
BlackRock INC now owns 3,586,391 of the restaurant operator’s stock after making an additional purchase of 51,296 shares during the most recent period.
The stock is currently valued at $420,864,000.
DURING THE SECOND QUARTER, Price T. Rowe Associates INC (M.D.) brought the total amount of Wingstop stock that it owned to a level that was 0.9% higher than before.
After purchasing an additional 29,899 shares during the most recent quarter, Price T. Rowe Associates INC (M.D.) now owns 3,362,008 of the restaurant operator’s stock.
The current value of these shares is $251,377,000.
During the first three months of the year, The Wellington Management Group LLP acquired an additional 3.5% of Wingstop’s shares, bringing its total holdings to 13.5%.
The Wellington Management Group LLP increased its stake in the restaurant operator by 59,529 at the beginning of the most recent fiscal quarter, bringing the total number of shares it owns in the business to 1,751,221.
These shares are currently worth a total of $205,506,000 as of right now.
During the third quarter, State Street Corporation’s ownership of Wingstop stock increased by 1.3%, bringing the total percentage to 100%. State Street Corp. now has 930,355 of the restaurant operator’s stock, valued at $116,685,000, after purchasing an additional 11,514 shares during the preceding quarter.
This brings the total number of shares owned by State Street Corp.
To 930,355.
And finally, during the final three months of the year, AllianceBernstein L.P.
Increased the proportion of Wingstop stock owned by 1,176.9%.
Alliancebernstein L.P. now has 899,336 of the restaurant operator’s stock, estimated at $123,767,000, after purchasing an additional 828,904 shares during the most recent quarter.
The stock’s market capitalization is estimated to be $123,000,000.
Thursday marked the beginning of trading for WING shares, and the opening price per share was $174.76.
The price of a Wingstop membership has ranged from as low as $66.77 to as high as $193.74 at any given time.
The current share price is $5.23 billion, and the company has a price-to-earnings ratio of 98.74 and a beta value of 1.59.
The price-to-growth ratio is 4.34, and the price-to-earnings ratio is 98.74.
The stock’s price has had a moving average of $159.97 over the previous 50 days, while over the previous 200 days, it has had a moving average of $148.71.
On February 22, Wingstop (NASDAQ: WING) publicized its most recent financial results.
These results were for the most recent quarter.
The restaurant operator reported profits of $0.60 for the quarter, which is $0.18 more than analysts projected on average for the quarter.
The return on equity for the company was negative by 13.52 percentage points, and it had a net margin of 14.81 percent.
The actual revenue that the company brought in for the quarter was $104.90 million, which is significantly higher than the industry experts’ projections of $100.96 million that it would earn for the p