Shares of Wingstop (NASDAQ:WING) have received a consensus recommendation of “Buy” from the seventeen analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $46.27.
Several brokerages recently commented on WING. Stifel Nicolaus increased their price objective on shares of Wingstop from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley increased their price objective on shares of Wingstop from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday. ValuEngine raised shares of Wingstop from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research raised shares of Wingstop from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. Finally, Barclays reissued an “equal weight” rating and issued a $40.00 price objective (down previously from $44.00) on shares of Wingstop in a research note on Friday, February 23rd.
In other Wingstop news, insider Flynn Dekker sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $45.60, for a total value of $456,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Morrison sold 1,476 shares of the company’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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,120 shares of company stock valued at $1,951,212. Corporate insiders own 1.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in WING. WINTON GROUP Ltd acquired a new position in Wingstop in the 4th quarter valued at approximately $6,167,000. Dimensional Fund Advisors LP increased its position in shares of Wingstop by 39.0% during the third quarter. Dimensional Fund Advisors LP now owns 547,583 shares of the restaurant operator’s stock worth $18,207,000 after buying an additional 153,675 shares during the period. Two Sigma Investments LP increased its position in shares of Wingstop by 102.5% during the fourth quarter. Two Sigma Investments LP now owns 274,079 shares of the restaurant operator’s stock worth $10,684,000 after buying an additional 138,725 shares during the period. SG Capital Management LLC acquired a new stake in shares of Wingstop during the fourth quarter worth $5,371,000. Finally, Fred Alger Management Inc. increased its position in shares of Wingstop by 41.0% during the fourth quarter. Fred Alger Management Inc. now owns 464,582 shares of the restaurant operator’s stock worth $18,109,000 after buying an additional 135,015 shares during the period.
Shares of Wingstop stock traded up $0.06 on Wednesday, reaching $51.28. 468,605 shares of the stock were exchanged, compared to its average volume of 584,174. Wingstop has a one year low of $27.78 and a one year high of $52.00. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of -2.69. The company has a market cap of $1,489.59, a PE ratio of 69.30, a price-to-earnings-growth ratio of 3.44 and a beta of 0.90.
Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $28.29 million during the quarter, compared to the consensus estimate of $27.49 million. Wingstop had a net margin of 25.87% and a negative return on equity of 37.25%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 EPS. research analysts forecast that Wingstop will post 0.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, March 8th. Wingstop’s dividend payout ratio (DPR) is currently 28.38%.
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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