Wingstop’s (WING) Buy Rating Reaffirmed at Robert W. Baird
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.
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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.
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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