Wingstop Gets a Hold Rating from Jefferies

By Austin Angelo

Jefferies analyst Andy Barish reiterated a Hold rating on Wingstop (NASDAQ: WING) yesterday and set a price target of $28. The company’s shares closed yesterday at $29.83.

According to TipRanks.com, Barish is a 5-star analyst with an average return of 8.6% and a 57.8% success rate. Barish covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Papa John’s International, and Popeyes Louisiana Kitchen.

Currently, the analyst consensus on Wingstop is Moderate Buy and the average price target is $32.17, representing a 7.8% upside.

In a report issued on May 5, Barclays also maintained a Hold rating on the stock with a $32 price target.

Wingstop’s market cap is currently $874.8M and has a P/E ratio of 49.72. The company has a book value ratio of -12.8512.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 the Franchise and Company Restaurant Operations segments. The Franchise segment consists of domestic and international franchise restaurants. The Company Restaurant Operations segment comprises of company-owned restaurants. The company is founded in 1994 and is headquartered in Dallas, TX.