Barclays Just Issued “Equal Weight” Rating on Wingstop Inc (WING)

Wingstop Inc (WING) was Reiterated by Barclays to “Equal Weight” while Lowering the Price Target of the company shares to $ 26 from a previous price target of $33 . Barclays advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Shares were Reiterated by Barclays on Mar 3, 2017 to “Equal Weight” and Lowered the Price Target to $ 26 from a previous price target of $33 .Shares were Reiterated by Barclays on Mar 3, 2017 to “Equal Weight” and Lowered the Price Target to $ 26 from a previous price target of $33 .Wingstop Inc was Downgraded by Jefferies to ” Hold” on Jan 4, 2017.

On the company’s financial health, Wingstop Inc reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Mar 2, 2017. Analyst had a consensus of $0.14. The company had revenue of $24.80 million for the quarter, compared to analysts expectations of $25.04 million. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Several company insiders have filed Insider transactions , on Jan 5, 2017, Charles R Morrison (President and CEO) sold 31,000 shares at $29.49 per share price. According to the SEC, on Jan 5, 2017, Stacy Peterson (Chief Information Officer) sold 6,700 shares at $29.49 per share price. On Nov 9, 2016, Neal K Aronson (director) sold 6,765,858 shares at $26.27 per share price, according to the Form-4 filing with the securities and exchange commission.

Wingstop Inc closed down -0.29 points or -1.08% at $26.5 with 9,04,589 shares getting traded on Monday. Post opening the session at $26.79, the shares hit an intraday low of $26.253 and an intraday high of $27.11 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Wingstop Inc. (Wingstop) is a franchisor and operator of restaurants that specializes in hand-sauced and tossed chicken wings. The Company offers around 11 flavors on its bone-in and boneless chicken wings paired with hand-cut seasoned fries and sides made fresh daily. The Company operates business through two segments which include Franchise segment and Company segment. The Company’s Franchise segment consists of its domestic and international franchise restaurants. Its franchise operations segment consists of approximately 693 restaurants which are operated by its Wingstop franchisees in the United States and five countries outside of the United States. The Company’s Company segment consists of Company-owned restaurants which are located in the United States.

Wingstop Inc

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