Wingstop’s Quiet Period To Expire on July 22nd
July 15 2015
Wingstop’s (NASDAQ:WING) quiet period will expire on Wednesday, July 22nd. Wingstop had issued 5,800,000 shares in its initial public offering on June 12th, Market Beat Ratings reports. The total size of the offering was $110,200,000 based on an initial share price of $19.00. During Wingstop’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
A number of analysts have recently weighed in on WING shares. Analysts at Wells Fargo & Co. initiated coverage on shares of Wingstop in a research note on Tuesday, July 7th. They set a “market perform” rating on the stock. Analysts at Morgan Stanley initiated coverage on shares of Wingstop in a research note on Tuesday, July 7th. They set an “overweight” rating and a $42.00 price target on the stock. Analysts at Barclays initiated coverage on shares of Wingstop in a research note on Tuesday, July 7th. They set an “equal weight” rating and a $25.00 price target on the stock. Analysts at Jefferies Group initiated coverage on shares of Wingstop in a research note on Tuesday, July 7th. They set a “buy” rating and a $33.00 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Wingstop in a research note on Tuesday, July 7th. They set a “neutral” rating and a $22.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $31.40.
