Wingstop (NASDAQ:WING) had its target price increased by Stifel Nicolaus from $50.00 to $56.00 in a research report sent to investors on Wednesday morning, MarketBeat reports. They currently have a buy rating on the restaurant operator’s stock.
A number of other research analysts also recently commented on the company. Morgan Stanley boosted their target price on Wingstop from $50.00 to $52.00 and gave the company an overweight rating in a research note on Monday. ValuEngine raised Wingstop from a hold rating to a buy rating in a research report on Monday, April 2nd. Zacks Investment Research raised Wingstop from a sell rating to a hold rating in a research report on Wednesday, March 21st. Barclays reaffirmed an equal weight rating and issued a $40.00 price target (down previously from $44.00) on shares of Wingstop in a research report on Friday, February 23rd. Finally, Deutsche Bank reaffirmed a hold rating and issued a $40.00 price target (up previously from $38.00) on shares of Wingstop in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $47.15.
Shares of NASDAQ WING opened at $51.28 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of -2.69. Wingstop has a one year low of $27.78 and a one year high of $52.00. The stock has a market capitalization of $1,493.39, a price-to-earnings ratio of 69.30, a PEG ratio of 3.44 and a beta of 0.90.
Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, February 22nd. The restaurant operator reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Wingstop had a negative return on equity of 37.25% and a net margin of 25.87%. The firm had revenue of $28.29 million for the quarter, compared to the consensus estimate of $27.49 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. equities research analysts anticipate that Wingstop will post 0.76 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.28 annualized dividend and a dividend yield of 0.55%. Wingstop’s dividend payout ratio is presently 28.38%.
In related news, Chairman Charles R. Morrison sold 1,476 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $48.13, for a total transaction of $71,039.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Flynn Dekker sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $45.60, for a total value of $456,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 41,120 shares of company stock valued at $1,951,212 in the last three months. 1.76% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers lifted its position in shares of Wingstop by 16.6% during the 4th quarter. Rhumbline Advisers now owns 64,644 shares of the restaurant operator’s stock worth $2,520,000 after purchasing an additional 9,224 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Wingstop during the 4th quarter worth about $389,000. American Century Companies Inc. acquired a new position in shares of Wingstop during the 4th quarter worth about $2,389,000. Engineers Gate Manager LP lifted its position in shares of Wingstop by 38.0% during the 4th quarter. Engineers Gate Manager LP now owns 60,315 shares of the restaurant operator’s stock worth $2,351,000 after purchasing an additional 16,606 shares during the last quarter. Finally, Quadrature Capital Ltd raised its holdings in Wingstop by 35.0% in the 4th quarter. Quadrature Capital Ltd now owns 9,358 shares of the restaurant operator’s stock valued at $365,000 after acquiring an additional 2,425 shares in the last quarter.
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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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