Wingstop (WING) Cut to Neutral at Wedbush

Wedbush lowered shares of Wingstop (NASDAQ:WING) from an outperform rating to a neutral rating in a research report report published on Friday, January 5th, Marketbeat.com reports. The firm currently has $40.00 price objective on the restaurant operator’s stock, up from their previous price objective of $36.00. Wedbush also issued estimates for Wingstop’s FY2018 earnings at $0.82 EPS.

WING has been the subject of a number of other research reports. Robert W. Baird restated a buy rating and set a $39.00 price objective on shares of Wingstop in a research report on Monday, October 9th. Deutsche Bank assumed coverage on shares of Wingstop in a research report on Monday, December 18th. They set a hold rating and a $38.00 price objective for the company. Stifel Nicolaus upgraded shares of Wingstop from a hold rating to a buy rating and upped their price objective for the stock from $35.00 to $40.00 in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of Wingstop from a hold rating to a sell rating in a research report on Wednesday, October 18th. Finally, Longbow Research assumed coverage on shares of Wingstop in a report on Friday, October 13th. They issued a neutral rating for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $39.92.

Shares of Wingstop (NASDAQ WING) traded up $0.83 during trading on Friday, hitting $45.08. 468,231 shares of the stock traded hands, compared to its average volume of 543,076. Wingstop has a fifty-two week low of $24.74 and a fifty-two week high of $45.14. The firm has a market cap of $1,287.45, a PE ratio of 62.61, a price-to-earnings-growth ratio of 2.73 and a beta of 0.69. The company has a debt-to-equity ratio of -2.37, a quick ratio of 0.89 and a current ratio of 0.89.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. Wingstop had a net margin of 20.70% and a negative return on equity of 32.39%. The firm had revenue of $26.03 million during the quarter, compared to the consensus estimate of $25.13 million. During the same quarter in the prior year, the firm earned $0.13 EPS. Wingstop’s revenue for the quarter was up 19.4% on a year-over-year basis. analysts expect that Wingstop will post 0.73 earnings per share for the current year.

The firm also recently disclosed a None dividend, which was paid on Tuesday, December 19th. Investors of record on Monday, December 4th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a yield of 0.77%. Wingstop’s payout ratio is 19.44%.

In related news, Director Michael J. Hislop sold 5,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $41.03, for a total value of $205,150.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Flynn Dekker sold 16,350 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total transaction of $584,839.50. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. boosted its stake in shares of Wingstop by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock worth $118,000 after purchasing an additional 52 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Wingstop by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 15,100 shares of the restaurant operator’s stock worth $467,000 after purchasing an additional 100 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Wingstop by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock worth $108,000 after purchasing an additional 1,396 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Wingstop by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 19,551 shares of the restaurant operator’s stock worth $604,000 after purchasing an additional 1,461 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of Wingstop by 3.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 52,142 shares of the restaurant operator’s stock worth $1,734,000 after purchasing an additional 1,546 shares during the last quarter.

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About Wingstop

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.

Analyst Recommendations for Wingstop (NASDAQ:WING)

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