Wingstop (WING) Receives a Buy from RBC Capital
RBC Capital analyst Logan Reich maintained a Buy rating on Wingstop on March 23 and set a price target of $340.00. The company’s shares closed yesterday at $183.24.
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Reich covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Restaurant Brands International, and Dutch Bros Inc. According to TipRanks, Reich has an average return of -14.9% and a 34.11% success rate on recommended stocks.
Wingstop has an analyst consensus of Strong Buy, with a price target consensus of $325.85, a 77.83% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $250.00 price target.
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. Earlier this month, Christopher Fallon, the SVP CIO of WING sold 177.00 shares for a total of $39,078.06.
Read More on WING:
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