News headlines about Wingstop (NASDAQ:WING) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wingstop earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the restaurant operator an impact score of 45.1056739170384 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
Several equities research analysts have commented on the company. Zacks Investment Research cut Wingstop from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Longbow Research initiated coverage on Wingstop in a research note on Friday, October 13th. They issued a “neutral” rating for the company. Jefferies Group LLC reiterated a “hold” rating and set a $28.00 price objective on shares of Wingstop in a research report on Thursday, October 12th. Robert W. Baird reiterated a “buy” rating and set a $39.00 price objective on shares of Wingstop in a research report on Monday, October 9th. Finally, Stifel Nicolaus initiated coverage on Wingstop in a research report on Monday, October 2nd. They set a “hold” rating and a $35.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Wingstop has a consensus rating of “Buy” and an average price target of $34.89.
Shares of Wingstop (NASDAQ:WING) traded up 2.34% during midday trading on Thursday, reaching $32.74. The company’s stock had a trading volume of 548,190 shares. The firm has a market cap of $951.82 million, a price-to-earnings ratio of 51.08 and a beta of 0.58. The stock’s 50 day moving average price is $33.16 and its 200 day moving average price is $31.45. Wingstop has a one year low of $24.74 and a one year high of $35.91.
Wingstop (NASDAQ:WING) last released its earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The company had revenue of $24.70 million during the quarter, compared to the consensus estimate of $24.61 million. Wingstop had a net margin of 19.28% and a negative return on equity of 28.04%. During the same quarter in the previous year, the firm earned $0.15 EPS. Analysts predict that Wingstop will post $0.72 earnings per share for the current year.
In other news, Chairman Charles R. Morrison sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $34.71, for a total value of $867,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lawrence Kruguer sold 10,526 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $33.67, for a total transaction of $354,410.42. Following the completion of the sale, the insider now directly owns 22,116 shares of the company’s stock, valued at $744,645.72. The disclosure for this sale can be found here. Insiders have sold a total of 47,083 shares of company stock valued at $1,622,033 over the last three months. 1.76% of the stock is currently owned by company insiders.
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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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