Shares of Wingstop Inc (NASDAQ:WING) have earned a consensus rating of “Hold” from the fifteen ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $39.27.
Several equities research analysts have weighed in on WING shares. Cowen reaffirmed a “buy” rating and issued a $41.00 target price on shares of Wingstop in a research report on Friday, November 24th. Robert W. Baird reaffirmed a “buy” rating and issued a $39.00 target price on shares of Wingstop in a research report on Monday, October 9th. Stifel Nicolaus raised Wingstop from a “hold” rating to a “buy” rating and increased their target price for the stock from $35.00 to $40.00 in a research report on Friday, November 3rd. Goldman Sachs Group reaffirmed a “buy” rating and issued a $41.00 target price on shares of Wingstop in a research report on Wednesday, November 29th. Finally, BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th.
Shares of Wingstop (WING) traded up $0.36 during midday trading on Monday, reaching $40.75. The company’s stock had a trading volume of 361,200 shares, compared to its average volume of 417,500. Wingstop has a 1 year low of $24.74 and a 1 year high of $43.25. 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 has a market capitalization of $1,190.00 and a price-to-earnings ratio of 56.60.
Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The firm had revenue of $26.03 million for the quarter, compared to analyst estimates of $25.13 million. During the same period last year, the company earned $0.13 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. equities research analysts predict that Wingstop will post 0.73 earnings per share for the current year.
The firm also recently declared a None dividend, which was paid on Tuesday, December 19th. Stockholders of record on Monday, December 4th were issued a dividend of $0.07 per share. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, December 1st. Wingstop’s dividend payout ratio (DPR) is 19.44%.
In related news, insider Flynn Dekker sold 16,350 shares of Wingstop stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total transaction of $584,839.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael J. Hislop sold 5,000 shares of Wingstop stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $41.03, for a total value of $205,150.00. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC grew its holdings in Wingstop by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock worth $108,000 after acquiring an additional 1,396 shares during the period. Pinebridge Investments L.P. grew its holdings in Wingstop by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock worth $118,000 after acquiring an additional 52 shares during the period. Turner Investments LLC acquired a new position in Wingstop during the third quarter worth about $150,000. Piedmont Investment Advisors LLC acquired a new position in Wingstop during the third quarter worth about $210,000. Finally, Municipal Employees Retirement System of Michigan grew its holdings in Wingstop by 3.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,810 shares of the restaurant operator’s stock worth $210,000 after acquiring an additional 210 shares during the period.
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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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