Guggenheim: “Time To Buy Wingstop (NASDAQ:WING)”


How Guggenheim Currently Rates Wingstop (NASDAQ:WING)

Analysts at Guggenheim commenced coverage coverage for shares of Wingstop (NASDAQ:WING) in a comprehensive report revealed to clients on Tuesday morning. The investment house set a Buy rating on the $613.28 million market cap firm.

From a total of 6 analysts covering Wingstop (NASDAQ:WING) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $42 while the lowest target price is $25. The mean of all analyst targets is $31.5 with a 44.93% above today’s ($21.39) stock price. Wingstop was the topic of 4 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. SunTrust initiated shares on October 8 with “Buy” rating.

Approximately 57,886 shares of stock traded hands. Wingstop Inc (NASDAQ:WING) has risen 6.00% since November 1, 2015 and is uptrending. It has outperformed by 7.62% the S&P500.

Guggenheim: “Time To Buy Wingstop (NASDAQ:WING)”

Wingstop Inc. is a franchisor and operator of restaurants that specializes in hand-sauced and tossed chicken wings. The company has a market cap of $613.28 million. The Firm offers around 11 flavors on its bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides made fresh daily. It has 78.24 P/E ratio. The Firm operates business through two divisions, which include Franchise segment and Company segment.

According to Zacks Investment Research, “Wingstop Inc. franchises and operates restaurants. The Company’s operating segment consists of Franchise segment and Company segment. It offers cooked-to-order, hand-sauced and tossed chicken wings. Wingstop Inc. is headquartered in Dallas, Texas.” Get a free copy of the Zacks research report on Wingstop Inc (WING)