Wingstop Inc (WING) is Initiated by Wedbush to Outperform, Price Target at $35

Wingstop Inc (WING) was Initiated by Wedbush to “Outperform” and the brokerage firm has set the Price Target at $35. Wedbush advised their investors in a research report released on Jul 7, 2016.

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 May 5, 2016. Analyst had a consensus of $0.14. The company had revenue of $22.10 million for the quarter, compared to analysts expectations of $21.46 million. The company’s revenue was up 16.3% compared to the same quarter last year.

Wingstop Inc closed down -0.85 points or -3.00% at $27.48 with 3,94,109 shares getting traded on Tuesday. Post opening the session at $28.36, the shares hit an intraday low of $26.94 and an intraday high of $28.44 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jul 5, 2016, Flynn Dekker (Chief Marketing Officer) sold 5,036 shares at $27.03 per share price. According to the SEC, on Jun 29, 2016, Stacy Peterson (Chief Information Officer) sold 6,268 shares at $25.85 per share price. On Jun 29, 2016, William Engen (Chief Operating Officer) sold 4,340 shares at $25.85 per share price, according to the Form-4 filing with the securities and exchange commission.

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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