Morgan Stanley Believes Wingstop (NASDAQ: WING) Still Has Room to Grow

Morgan Stanley analyst John Glass maintained a Buy rating on Wingstop (NASDAQ: WING) today and set a price target of $52. The company’s shares closed on Friday at $48.28, close to its 52-week high of $49.10.

According to TipRanks.com, Glass is a 4-star analyst with an average return of 11.7% and a 65.2% success rate. Glass covers the Services sector, focusing on stocks such as Restaurant Brands International, Jack In The Box Inc, and Starbucks Corp.

Wingstop has an analyst consensus of Moderate Buy, with a price target consensus of $47.

Based on Wingstop’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $28.29 million and quarterly net profit of $10.5 million. In comparison, last year the company earned revenue of $26.57 million and had a net profit of $6.53 million.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock.

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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 segments. The Franchise segment consists of domestic and international franchise restaurants. The Company segment comprises of company-owned restaurants.

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