Wedbush Initiates Coverage on Wingstop Inc to Outperform

Wedbush Initiates Coverage on Wingstop Inc(NASDAQ:WING). The shares have been rated Outperform. The rating by Wedbush was issued on Jul 6, 2016.

In a different note, Cowen & Company said it Initiates Coverage on Wingstop Inc, according to a research note issued on Apr 19, 2016. The shares have been rated ‘Outperform’ by the firm.

Wingstop Inc (WING) made into the market gainers list on Mondays trading session with the shares advancing 0.23% or 0.06 points. Due to strong positive momentum, the stock ended at $25.73, which is also near the day’s high of $25.9. The stock began the session at $25.66 and the volume stood at 2,82,609 shares. The 52-week high of the shares is $35.96 and the 52 week low is $20.3101. The company has a current market capitalization of $737 M and it has 2,86,35,138 shares in outstanding.

Wingstop Inc(WING) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $22.07M. Analysts had an estimated revenue of $21.44M. Earnings per share were $0.16. Analysts had estimated an EPS of $0.14.

Several Insider Transactions has been reported to the SEC. On Jul 5, 2016, Flynn Dekker (Chief Marketing Officer) sold 5,036 shares at $27.03 per share price.Also, On Jun 29, 2016, Stacy Peterson (Chief Information Officer) sold 6,268 shares at $25.85 per share price.On Jun 29, 2016, William Engen (Chief Operating Officer) sold 4,340 shares at $25.85 per share price, according to the Form-4 filing with the securities and exchange commission.

Wingstop Inc. (Wingstop) is a franchisor and operator of restaurants that specializes in hand-sauced and tossed chicken wings. The Company offers around 11 flavors on its bone-in and boneless chicken wings paired with hand-cut seasoned fries and sides made fresh daily. The Company operates business through two segments which include Franchise segment and Company segment. The Company’s Franchise segment consists of its domestic and international franchise restaurants. Its franchise operations segment consists of approximately 693 restaurants which are operated by its Wingstop franchisees in the United States and five countries outside of the United States. The Company’s Company segment consists of Company-owned restaurants which are located in the United States.

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