Is Wingstop Inc. (WING) a Buy? The Stock Reaches Record High Today

April 16, 2018 - By Vivian Park

Wingstop Inc. (NASDAQ:WING) Logo

The stock of Wingstop Inc. (NASDAQ:WING) reached all time high today, Apr, 16 and still has $53.82 target or 5.00 % above today’s $51.26 share price. This indicates more upside for the $1.50 billion company. This technical setup was reported by Barchart.com. If the $53.82 PT is reached, the company will be worth $74.75 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 6.17% or $2.9802 during the last trading session, reaching $51.2602. About 968,109 shares traded or 54.08% up from the average. Wingstop Inc. (NASDAQ:WING) has risen 89.00% since April 16, 2017 and is uptrending. It has outperformed by 77.45% the S&P500.

Analysts await Wingstop Inc. (NASDAQ:WING) to report earnings on May, 3. They expect $0.20 earnings per share, down 9.09 % or $0.02 from last year’s $0.22 per share. WING’s profit will be $5.83 million for 64.08 P/E if the $0.20 EPS becomes a reality. After $0.17 actual earnings per share reported by Wingstop Inc. for the previous quarter, Wall Street now forecasts 17.65 % EPS growth.

Wingstop Inc. (NASDAQ:WING) Ratings Coverage

Among 13 analysts covering Wingstop (NASDAQ:WING), 7 have Buy rating, 1 Sell and 5 Hold. Therefore 54% are positive. Wingstop had 29 analyst reports since October 26, 2017 according to SRatingsIntel. Cowen & Co maintained the shares of WING in report on Tuesday, February 6 with “Buy” rating. The firm earned “Buy” rating on Wednesday, January 3 by Stifel Nicolaus. The stock of Wingstop Inc. (NASDAQ:WING) has “Equal-Weight” rating given on Friday, February 23 by Barclays Capital. As per Friday, February 23, the company rating was maintained by Deutsche Bank. On Friday, February 23 the stock rating was maintained by Stephens with “Buy”. The rating was downgraded by Robert W. Baird on Tuesday, February 20 to “Hold”. The stock of Wingstop Inc. (NASDAQ:WING) earned “Buy” rating by Robert W. Baird on Tuesday, January 2. The company was maintained on Monday, January 8 by Cowen & Co. On Friday, February 23 the stock rating was maintained by Morgan Stanley with “Buy”. The stock of Wingstop Inc. (NASDAQ:WING) earned “Buy” rating by Stifel Nicolaus on Friday, November 3.

Wingstop Inc., together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. The company has market cap of $1.50 billion. The Company’s restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. It has a 55.12 P/E ratio. As of March 06, 2017, the firm operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, and the United Arab Emirates.

Wingstop Inc. (NASDAQ:WING) Ratings Chart

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