Wingstop (WING) Gets a Hold Rating from Wedbush

By Austin Angelo

Wedbush analyst Nick Setyan maintained a Hold rating on Wingstop (WINGResearch Report) today and set a price target of $92. The company’s shares closed last Monday at $87.47.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 3.4% and a 53.6% success rate. Setyan covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Del Taco Restaurants, and Jack In The Box Inc.

Currently, the analyst consensus on Wingstop is a Moderate Buy with an average price target of $100.45, which is a 15.6% upside from current levels. In a report issued on September 18, Oppenheimer also initiated coverage with a Hold rating on the stock.

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Wingstop’s market cap is currently $2.76B and has a P/E ratio of 128.58. The company has a Price to Book ratio of -11.90.

Based on the recent corporate insider activity of 48 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.