Wingstop (WING) Receives a Buy from Guggenheim
Guggenheim analyst Gregory Francfort maintained a Buy rating on Wingstop today and set a price target of $255.00.
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According to TipRanks, Francfort is a 4-star analyst with an average return of 7.6% and a 60.50% success rate. Francfort covers the Consumer Cyclical sector, focusing on stocks such as Domino’s Pizza, McDonald’s, and Starbucks.
In addition to Guggenheim, Wingstop also received a Buy from Wells Fargo’s Zachary Fadem in a report issued yesterday. However, today, TipRanks – Google reiterated a Hold rating on Wingstop (NASDAQ: WING).
Based on Wingstop’s latest earnings release for the quarter ending December 27, the company reported a quarterly revenue of $175.69 million and a net profit of $26.76 million. In comparison, last year the company earned a revenue of $161.82 million and had a net profit of $26.75 million
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WING in relation to earlier this year. Last month, Christopher Fallon, the SVP CIO of WING sold 177.00 shares for a total of $39,078.06.
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