In a report released today, Jake Bartlett from Truist Financial maintained a Hold rating on Wingstop (WING – Research Report). The company’s shares closed last Thursday at $366.40.
According to TipRanks, Bartlett is a top 100 analyst with an average return of 21.0% and a 67.43% success rate. Bartlett covers the Consumer Cyclical sector, focusing on stocks such as Jack In The Box, Shake Shack, and Wingstop.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wingstop with a $321.73 average price target, implying a -12.19% downside from current levels. In a report released on March 18, Jefferies also maintained a Hold rating on the stock with a $310.00 price target.
The company has a one-year high of $375.10 and a one-year low of $149.84. Currently, Wingstop has an average volume of 473.3K.
Based on the recent corporate insider activity of 37 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, Marisa Carona, the SVP & Chief US Franchise Ops of WING sold 2,586.00 shares for a total of $961,877.28.
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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.
