Barclays reaffirmed their equal weight rating on shares of Wingstop (NASDAQ:WING) in a report issued on Tuesday, January 16th, MarketBeat.com reports. Barclays currently has a $44.00 price objective on the restaurant operator’s stock, up from their prior price objective of $36.00.
Several other equities research analysts have also issued reports on WING. SunTrust Banks set a $52.00 target price on shares of Wingstop and gave the company a buy rating in a research note on Thursday, January 11th. Stifel Nicolaus assumed coverage on shares of Wingstop in a research report on Monday, October 2nd. They set a hold rating and a $35.00 price target on the stock. Longbow Research assumed coverage on shares of Wingstop in a research report on Friday, October 13th. They set a neutral rating on the stock. Zacks Investment Research downgraded shares of Wingstop from a hold rating to a sell rating in a research report on Wednesday, October 18th. Finally, Robert W. Baird restated a buy rating and set a $49.00 target price on shares of Wingstop in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $45.50.
Shares of Wingstop (NASDAQ WING) traded up $1.18 during trading on Tuesday, hitting $45.15. 934,756 shares of the stock were exchanged, compared to its average volume of 465,750. Wingstop has a twelve month low of $24.74 and a twelve month high of $49.69. The firm has a market capitalization of $1,313.64, a PE ratio of 62.71, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The company has a debt-to-equity ratio of -2.37, a current ratio of 0.89 and a quick ratio of 0.89.
The firm also recently announced a None dividend, which will be paid on Wednesday, February 14th. Investors of record on Friday, February 9th will be paid a dividend of $3.17 per share. This represents a yield of 0.065849605317823%. This is a boost from Wingstop’s previous None dividend of $0.07. The ex-dividend date is Thursday, February 8th. Wingstop’s dividend payout ratio is presently 19.44%.
In other news, Chairman Charles R. Morrison sold 1,476 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $48.13, for a total transaction of $71,039.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Hislop sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $41.03, for a total transaction of $205,150.00. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Wingstop by 1.9% in the 4th quarter. BlackRock Inc. now owns 3,687,267 shares of the restaurant operator’s stock valued at $143,728,000 after buying an additional 69,908 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Wingstop by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,433,708 shares of the restaurant operator’s stock valued at $75,200,000 after buying an additional 16,622 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Wingstop by 56.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,453,769 shares of the restaurant operator’s stock valued at $44,921,000 after buying an additional 523,811 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of Wingstop by 3.8% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,351,608 shares of the restaurant operator’s stock valued at $44,941,000 after buying an additional 49,815 shares during the last quarter. Finally, Bamco Inc. NY lifted its holdings in Wingstop by 4.7% during the 3rd quarter. Bamco Inc. NY now owns 1,010,000 shares of the restaurant operator’s stock valued at $33,582,000 after purchasing an additional 45,000 shares during the last quarter.
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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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