Wingstop (NASDAQ:WING) had its price objective hoisted by SunTrust Banks from $135.00 to $182.00 in a research note released on Thursday, BenzingaRatingsTable reports. SunTrust Banks currently has a buy rating on the restaurant operator’s stock.
A number of other brokerages have also recently commented on WING. Barclays lifted their target price on Wingstop from $100.00 to $116.00 and gave the stock an equal weight rating in a report on Thursday, May 7th. BMO Capital Markets lifted their target price on Wingstop from $140.00 to $170.00 and gave the stock an outperform rating in a report on Thursday. They noted that the move was a valuation call. Piper Sandler lifted their target price on Wingstop from $143.00 to $158.00 and gave the stock an overweight rating in a report on Thursday, July 9th. Wedbush lifted their target price on Wingstop from $150.00 to $170.00 and gave the stock an outperform rating in a report on Thursday. Finally, Jefferies Financial Group lifted their target price on Wingstop from $95.00 to $105.00 and gave the stock a hold rating in a report on Thursday, May 7th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $134.88.
NASDAQ WING opened at $156.25 on Thursday. The stock has a market capitalization of $4.63 billion, a PE ratio of 162.76, a P/E/G ratio of 13.73 and a beta of 1.17. The business has a 50 day simple moving average of $134.41 and a two-hundred day simple moving average of $107.46. Wingstop has a 1-year low of $44.27 and a 1-year high of $159.94.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.10. The business had revenue of $66.10 million during the quarter, compared to analysts’ expectations of $62.46 million. Wingstop had a negative return on equity of 14.61% and a net margin of 12.73%. The firm’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. Equities analysts predict that Wingstop will post 1.05 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.36%. This is a positive change from Wingstop’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, August 27th. Wingstop’s payout ratio is presently 60.27%.
In related news, CEO Charles R. Morrison sold 15,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $121.54, for a total transaction of $1,823,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Nicolas Boudet sold 459 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $126.98, for a total value of $58,283.82. Following the transaction, the insider now directly owns 15,605 shares in the company, valued at $1,981,522.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,459 shares of company stock valued at $2,254,284. Corporate insiders own 1.00% of the company’s stock.
Large investors have recently made changes to their positions in the stock. FDx Advisors Inc. acquired a new position in Wingstop during the 1st quarter valued at about $36,000. Bartlett & Co. LLC purchased a new stake in Wingstop during the 1st quarter valued at about $40,000. James Investment Research Inc. purchased a new stake in Wingstop during the 1st quarter valued at about $60,000. Benjamin F. Edwards & Company Inc. grew its stake in Wingstop by 39.8% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,118 shares of the restaurant operator’s stock valued at $89,000 after purchasing an additional 318 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in Wingstop by 23.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 1,294 shares of the restaurant operator’s stock valued at $103,000 after purchasing an additional 247 shares during the last quarter.
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.
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