Robert W. Baird reiterated their buy rating on shares of Wingstop Inc. (NASDAQ:WING) in a research report released on Friday. They currently have a $39.00 target price on the restaurant operator’s stock.

Several other analysts also recently weighed in on WING. BidaskClub downgraded Wingstop from a buy rating to a hold rating in a report on Thursday, July 13th. Zacks Investment Research downgraded Wingstop from a hold rating to a sell rating in a report on Friday, July 21st. Wedbush restated a buy rating on shares of Wingstop in a report on Friday, August 4th. Barclays PLC restated an equal weight rating and issued a $34.00 price objective (up from $32.00) on shares of Wingstop in a report on Friday, August 4th. Finally, Cowen and Company restated an outperform rating and issued a $37.00 price objective on shares of Wingstop in a report on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $36.10.

Wingstop (WING) traded up $0.29 during mid-day trading on Friday, hitting $38.10. The company had a trading volume of 680,600 shares, compared to its average volume of 498,354. The company has a debt-to-equity ratio of -2.37, a current ratio of 0.89 and a quick ratio of 0.90. The company has a market capitalization of $1,100.08, a P/E ratio of 52.51, a P/E/G ratio of 2.67 and a beta of 0.58. Wingstop has a 12-month low of $24.74 and a 12-month high of $38.88.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $26.03 million during the quarter, compared to the consensus estimate of $25.13 million. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. analysts predict that Wingstop will post 0.73 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/11/11/wingstops-wing-buy-rating-reaffirmed-at-robert-w-baird.html.

The business also recently announced a None dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Monday, December 4th will be paid a $0.07 dividend. The ex-dividend date is Friday, December 1st. This represents a yield of 0.77%. Wingstop’s dividend payout ratio (DPR) is presently 9.72%.

In other news, insider Flynn Dekker sold 16,350 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total transaction of $584,839.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Charles R. Morrison sold 25,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $34.71, for a total value of $867,750.00. The disclosure for this sale can be found here. Insiders sold 63,433 shares of company stock worth $2,206,872 in the last quarter. 1.76% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Wingstop by 1.2% during the second quarter. BlackRock Inc. now owns 3,515,978 shares of the restaurant operator’s stock worth $108,645,000 after acquiring an additional 42,017 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Wingstop by 0.7% during the second quarter. Vanguard Group Inc. now owns 2,433,708 shares of the restaurant operator’s stock worth $75,200,000 after acquiring an additional 16,622 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Wingstop by 56.3% during the second quarter. Goldman Sachs Group Inc. now owns 1,453,769 shares of the restaurant operator’s stock worth $44,921,000 after acquiring an additional 523,811 shares during the last quarter. Stephens Investment Management Group LLC grew its stake in shares of Wingstop by 3.8% during the third quarter. Stephens Investment Management Group LLC now owns 1,351,608 shares of the restaurant operator’s stock worth $44,941,000 after acquiring an additional 49,815 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Wingstop by 47.7% during the second quarter. State Street Corp now owns 635,514 shares of the restaurant operator’s stock worth $19,639,000 after acquiring an additional 205,100 shares during the last quarter.

About Wingstop

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.

Analyst Recommendations for Wingstop (NASDAQ:WING)

Receive News & Ratings for Wingstop Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop Inc. and related companies with MarketBeat.com's FREE daily email newsletter.