Shares of Wingstop Inc (NASDAQ:WING) have received an average recommendation of “Buy” from the fifteen research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $45.18.
Several brokerages recently commented on WING. Robert W. Baird downgraded shares of Wingstop from an “outperform” rating to a “neutral” rating in a report on Tuesday. SunTrust Banks set a $52.00 target price on shares of Wingstop and gave the stock a “buy” rating in a report on Thursday, January 11th. BidaskClub upgraded shares of Wingstop from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 10th. Zacks Investment Research upgraded shares of Wingstop from a “hold” rating to a “strong-buy” rating and set a $55.00 target price on the stock in a report on Friday, February 2nd. Finally, Cowen reiterated an “outperform” rating and issued a $51.00 target price (up previously from $46.00) on shares of Wingstop in a report on Tuesday, February 6th.
In other Wingstop news, Chairman Charles R. Morrison sold 1,476 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $48.13, for a total value of $71,039.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Hislop sold 5,000 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $41.03, for a total transaction of $205,150.00. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Meadow Creek Investment Management LLC boosted its position in Wingstop by 25.7% in the fourth quarter. Meadow Creek Investment Management LLC now owns 5,984 shares of the restaurant operator’s stock valued at $233,000 after buying an additional 1,224 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Wingstop by 3.8% in the fourth quarter. Alliancebernstein L.P. now owns 35,700 shares of the restaurant operator’s stock worth $1,392,000 after acquiring an additional 1,300 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Wingstop by 3.1% in the third 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 acquiring an additional 1,546 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Wingstop by 3.0% in the third quarter. Rhumbline Advisers now owns 55,420 shares of the restaurant operator’s stock worth $1,843,000 after acquiring an additional 1,615 shares during the last quarter. Finally, Lisanti Capital Growth LLC raised its stake in shares of Wingstop by 3.1% in the fourth quarter. Lisanti Capital Growth LLC now owns 72,945 shares of the restaurant operator’s stock worth $2,843,000 after acquiring an additional 2,165 shares during the last quarter.
Shares of Wingstop (NASDAQ WING) traded up $0.49 on Tuesday, reaching $46.93. 442,000 shares of the company traded hands, compared to its average volume of 536,874. The company has a market cap of $1,365.43, a P/E ratio of 65.18, a PEG ratio of 2.95 and a beta of 1.01. Wingstop has a 12-month low of $24.74 and a 12-month high of $49.69. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of -2.37.
The firm also recently announced a None dividend, which was paid on Wednesday, February 14th. Stockholders of record on Friday, February 9th were given a dividend of $3.17 per share. This is a positive change from Wingstop’s previous None dividend of $0.07. This represents a dividend yield of 0.065849605317823%. The ex-dividend date was Thursday, February 8th. Wingstop’s payout ratio is 19.44%.
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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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