Robert W. Baird Maintains a Buy Rating on Wingstop (WING)

By Ryan Adsit

Robert W. Baird analyst David Tarantino maintained a Buy rating on Wingstop (WINGResearch Report) on July 6. The company’s shares closed last Tuesday at $157.97.

According to TipRanks.com, Tarantino is a 5-star analyst with an average return of 14.2% and a 72.5% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and BJ’s Restaurants.

Wingstop has an analyst consensus of Moderate Buy, with a price target consensus of $169.30, implying an 8.3% upside from current levels. In a report issued on June 21, Stephens also maintained a Buy rating on the stock with a $172.00 price target.

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The company has a one-year high of $172.87 and a one-year low of $112.47. Currently, Wingstop has an average volume of 382.9K.

Based on the recent corporate insider activity of 46 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.

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 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.