Here are the biggest calls on Wall Street on Friday: Stifel downgrades Wingstop to hold from buy Stifel said it sees a more balanced risk/reward outlook for the chicken wing restaurant company. “We are downgrading WING to Hold from Buy following the 20% appreciation in the stock following the 2Q earnings release (S & P … Read more
Three months ago, Wingstop put a shocker in its earnings release: It was seeing DEFLATION in bone-in chicken wing costs. The chicken chain reiterated the trend with its latest results Thursday morning and its stock rallied 20% on the news. “We are benefiting from meaningful deflation in bone-in wings,” CEO Michael Skipworth said. At a … Read more
In this photo illustration, a silhouetted woman holds a smartphone with the Meta Platforms, Inc. logo displayed on the screen. Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Bausch Health – Trading in the pharmaceutical company’s shares was halted after the stock dipped 50%. A Delaware federal … Read more
McDonald’s and Chipotle Mexican Grill say customers squeezed by inflation are choosing cheaper menu items and visiting their restaurants less often, signaling trends that could be hitting the broader restaurant industry. The two companies were among the first restaurant chains to report their second-quarter results. Wingstop, Starbucks and Taco Bell owner Yum Brands are all … Read more
The outlook for Wendy’s is not looking as bright as some of its big-name peers in this environment of rising inflation, BMO Capital Markets said Monday.
Wingstop should be a winner among restaurant stocks in the year ahead, according to Wedbush.
Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters Check out the companies making headlines in midday trading Friday. GameStop – Shares of the video game retailer gained about 2%, erasing big overnight losses, as investors looked past the company’s … Read more
Piper Sandler moved his rating on Wingstop to underweight from overweight in a rare double downgrade.