Stephens restated their buy rating on shares of Wingstop (NASDAQ:WING) in a research note published on Wednesday, January 31st. The firm currently has a $50.00 target price on the restaurant operator’s stock.
A number of other equities research analysts have also recently commented on the stock. BidaskClub upgraded shares of Wingstop from a hold rating to a buy rating in a research note on Thursday, January 25th. Wells Fargo & Co reaffirmed an outperform rating and set a $52.00 price objective (up from $37.00) on shares of Wingstop in a report on Tuesday, January 23rd. Barclays reissued an equal weight rating and issued a $44.00 target price (up from $36.00) on shares of Wingstop in a report on Tuesday, January 16th. SunTrust Banks set a $52.00 target price on shares of Wingstop and gave the company a buy rating in a report on Thursday, January 11th. Finally, Wedbush lowered shares of Wingstop from an outperform rating to a neutral rating and raised their target price for the company from $36.00 to $40.00 in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $45.50.
Shares of Wingstop (NASDAQ WING) opened at $45.91 on Wednesday. Wingstop has a one year low of $24.74 and a one year high of $49.69. The company has a market cap of $1,331.09, a P/E ratio of 63.76, a price-to-earnings-growth ratio of 2.88 and a beta of 1.01. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -2.37.
The company also recently announced a None dividend, which was paid on Wednesday, February 14th. Shareholders of record on Friday, February 9th were issued a $3.17 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This is an increase from Wingstop’s previous None dividend of $0.07. This represents a yield of 0.065849605317823%. Wingstop’s payout ratio is currently 19.44%.
In related news, Chairman Charles R. Morrison sold 1,476 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $48.13, for a total value of $71,039.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael J. Hislop sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were 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. Insiders own 1.76% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. TIAA CREF Investment Management LLC lifted its holdings in Wingstop by 10.6% in the fourth quarter. TIAA CREF Investment Management LLC now owns 601,328 shares of the restaurant operator’s stock valued at $23,440,000 after acquiring an additional 57,679 shares during the period. Paloma Partners Management Co acquired a new position in shares of Wingstop during the 4th quarter worth approximately $335,000. Two Sigma Investments LP raised its stake in shares of Wingstop by 102.5% during the 4th 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. Deutsche Bank AG raised its stake in shares of Wingstop by 207.0% during the 4th quarter. Deutsche Bank AG now owns 84,354 shares of the restaurant operator’s stock worth $3,286,000 after buying an additional 56,875 shares during the period. Finally, Fred Alger Management Inc. raised its stake in shares of Wingstop by 41.0% during the 4th 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.
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Wingstop Company Profile
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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