Bernstein analyst Danilo Gargiulo maintained a Buy rating on Wingstop (WING – Research Report) today and set a price target of $340.00. The company’s shares closed yesterday at $369.39.
According to TipRanks, Gargiulo is a 2-star analyst with an average return of 0.2% and a 71.43% success rate. Gargiulo covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, Domino’s Pizza, and Starbucks.
Currently, the analyst consensus on Wingstop is a Moderate Buy with an average price target of $314.56, a -14.84% downside from current levels. In a report released on February 22, Wedbush also maintained a Buy rating on the stock with a $340.00 price target.
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The company has a one-year high of $375.32 and a one-year low of $149.93. Currently, Wingstop has an average volume of 427.5K.
Based on the recent corporate insider activity of 32 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, Michael Skipworth, the President & CEO of WING sold 10,843.00 shares for a total of $3,658,382.57.
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Wingstop (WING) Company Description:
Wingstop, Inc. is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. It operates through Franchise and Company segments. The Franchise segment consists of domestic and international franchise restaurants. The Company segment comprises company-owned restaurants. The company was founded in 1994 and is headquartered in Dallas, TX.
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