Robert W. Baird restated their buy rating on shares of Wingstop Inc. (NASDAQ:WING) in a research note released on Friday. The firm currently has a $39.00 target price on the restaurant operator’s stock.
WING has been the subject of several other reports. Wedbush reiterated a buy rating on shares of Wingstop in a research note on Friday, August 4th. BidaskClub upgraded Wingstop from a sell rating to a hold rating in a research note on Wednesday, August 9th. Stifel Nicolaus upgraded Wingstop from a hold rating to a buy rating and increased their target price for the company from $35.00 to $40.00 in a research note on Friday, November 3rd. Longbow Research started coverage on Wingstop in a research note on Friday, October 13th. They set a neutral rating for the company. Finally, Zacks Investment Research cut Wingstop from a hold rating to a sell rating in a research note on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Wingstop has a consensus rating of Buy and an average target price of $36.10.
Wingstop (WING) opened at $38.10 on Friday. The firm has a market capitalization of $1,108.52, a P/E ratio of 52.92, a price-to-earnings-growth ratio of 2.69 and a beta of 0.58. Wingstop has a fifty-two week low of $24.74 and a fifty-two week high of $38.88. The company has a debt-to-equity ratio of -2.37, a current ratio of 0.89 and a quick ratio of 0.90.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The firm had revenue of $26.03 million during the quarter, compared to analysts’ expectations of $25.13 million. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. Wingstop’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 EPS. equities analysts forecast that Wingstop will post 0.73 earnings per share for the current year.
The company also recently declared a None dividend, which will be paid on Tuesday, December 19th. Investors of record on Monday, December 4th will be given a dividend of $0.07 per share. This represents a dividend yield of 0.77%. The ex-dividend date is Friday, December 1st. Wingstop’s dividend payout ratio is currently 9.72%.
In other Wingstop news, insider Stacy Peterson sold 11,557 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $34.60, for a total value of $399,872.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Charles R. Morrison sold 25,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $34.71, for a total value of $867,750.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,433 shares of company stock worth $2,206,872. Corporate insiders own 1.76% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of WING. BlackRock Inc. increased its position in Wingstop by 200,013.0% in the first quarter. BlackRock Inc. now owns 3,473,961 shares of the restaurant operator’s stock worth $98,242,000 after buying an additional 3,472,225 shares during the period. Goldman Sachs Group Inc. increased its position in Wingstop by 56.3% in the second quarter. Goldman Sachs Group Inc. now owns 1,453,769 shares of the restaurant operator’s stock worth $44,921,000 after buying an additional 523,811 shares during the period. Marshall Wace North America L.P. acquired a new stake in Wingstop in the second quarter worth $11,947,000. CI Investments Inc. acquired a new stake in Wingstop in the third quarter worth $11,977,000. Finally, Dimensional Fund Advisors LP increased its position in Wingstop by 334.0% in the second quarter. Dimensional Fund Advisors LP now owns 393,908 shares of the restaurant operator’s stock worth $12,172,000 after buying an additional 303,156 shares during the period.
Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.
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