BTIG Research started coverage on shares of Wingstop (NASDAQ:WING) in a research report sent to investors on Friday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $59.00 price objective on the restaurant operator’s stock.
Other research analysts also recently issued research reports about the stock. SunTrust Banks set a $52.00 price target on shares of Wingstop and gave the stock a buy rating in a research report on Thursday, January 11th. Stifel Nicolaus upped their price target on shares of Wingstop from $50.00 to $56.00 and gave the stock a buy rating in a research report on Wednesday. Wells Fargo restated an outperform rating and set a $52.00 price target (up previously from $37.00) on shares of Wingstop in a research report on Tuesday, January 23rd. Morgan Stanley upped their price target on shares of Wingstop from $50.00 to $52.00 and gave the stock an overweight rating in a research report on Monday, April 16th. Finally, BidaskClub upgraded shares of Wingstop from a hold rating to a buy rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $48.00.
Shares of WING traded down $0.07 during mid-day trading on Friday, hitting $50.76. 519,350 shares of the company were exchanged, compared to its average volume of 426,226. Wingstop has a 1-year low of $28.00 and a 1-year high of $52.00. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of -2.69. The company has a market cap of $1,482.01, a PE ratio of 68.59, a price-to-earnings-growth ratio of 3.41 and a beta of 0.90.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. Wingstop had a net margin of 25.87% and a negative return on equity of 37.25%. The firm had revenue of $28.29 million during the quarter, compared to the consensus estimate of $27.49 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. sell-side analysts expect that Wingstop will post 0.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were issued a $0.07 dividend. The ex-dividend date was Thursday, March 8th. This represents a $0.28 dividend on an annualized basis and a yield of 0.55%. Wingstop’s payout ratio is 28.38%.
In other Wingstop news, insider Stacy Peterson sold 12,350 shares of the stock in a transaction dated Tuesday, April 10th. The shares were sold at an average price of $48.04, for a total value of $593,294.00. Following the completion of the sale, the insider now owns 39,423 shares in the company, valued at approximately $1,893,880.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Hislop sold 5,000 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $48.30, for a total transaction of $241,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,120 shares of company stock valued at $1,951,212. 1.76% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Wingstop by 1.9% during the 4th quarter. BlackRock Inc. now owns 3,687,267 shares of the restaurant operator’s stock worth $143,728,000 after buying an additional 69,908 shares during the last quarter. Bamco Inc. NY increased its holdings in shares of Wingstop by 2.0% during the 4th quarter. Bamco Inc. NY now owns 1,030,000 shares of the restaurant operator’s stock worth $40,149,000 after buying an additional 20,000 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Wingstop by 10.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 601,328 shares of the restaurant operator’s stock worth $23,440,000 after buying an additional 57,679 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Wingstop by 39.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 547,583 shares of the restaurant operator’s stock worth $18,207,000 after buying an additional 153,675 shares during the last quarter. Finally, Fred Alger Management Inc. increased its holdings 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 last quarter.
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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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