Wingstop (WING) Given “Buy” Rating at Goldman Sachs Group
Goldman Sachs Group restated their buy rating on shares of Wingstop (NASDAQ:WING) in a research report sent to investors on Wednesday. The brokerage currently has a $41.00 price target on the restaurant operator’s stock.
Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus raised shares of Wingstop from a hold rating to a buy rating and increased their target price for the stock from $35.00 to $40.00 in a report on Friday, November 3rd. BidaskClub lowered shares of Wingstop from a hold rating to a sell rating in a report on Tuesday, August 1st. Jefferies Group increased their target price on shares of Wingstop from $28.00 to $29.00 and gave the stock a hold rating in a report on Friday, November 3rd. Robert W. Baird reissued a buy rating and issued a $39.00 target price on shares of Wingstop in a report on Monday, October 9th. Finally, Zacks Investment Research raised shares of Wingstop from a sell rating to a hold rating and set a $41.00 price objective for the company in a report on Tuesday, November 7th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Wingstop has an average rating of Buy and a consensus target price of $37.00.
Wingstop (NASDAQ WING) traded down $0.64 during trading on Wednesday, reaching $39.21. 578,400 shares of the company traded hands, compared to its average volume of 497,084. The stock has a market cap of $1,159.44, a price-to-earnings ratio of 55.35, a price-to-earnings-growth ratio of 2.81 and a beta of 0.58. Wingstop has a one year low of $24.74 and a one year high of $40.51. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of -2.37.
Wingstop (NASDAQ:WING) last released its earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $26.03 million during the quarter, compared to analyst estimates of $25.13 million. Wingstop had a net margin of 20.70% and a negative return on equity of 32.39%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS. analysts predict that Wingstop will post 0.73 EPS for the current fiscal year.
The firm also recently announced a None dividend, which will be paid on Tuesday, December 19th. Investors of record on Monday, December 4th will be issued a $0.07 dividend. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, December 1st. Wingstop’s dividend payout ratio (DPR) is presently 9.72%.
In related news, insider Lawrence Kruguer sold 10,526 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $33.67, for a total value of $354,410.42. Following the completion of the transaction, the insider now directly owns 22,116 shares of the company’s stock, valued at $744,645.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Flynn Dekker sold 16,350 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total transaction of $584,839.50. The disclosure for this sale can be found here. Company insiders own 1.76% of the company’s stock.
Several hedge funds have recently bought and sold shares of WING. Pier Capital LLC bought a new stake in Wingstop in the second quarter worth $7,703,000. Goldman Sachs Group Inc. lifted its position 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 purchasing an additional 523,811 shares during the last quarter. BlackRock Inc. lifted its position in shares of Wingstop by 200,013.0% during the first quarter. BlackRock Inc. now owns 3,473,961 shares of the restaurant operator’s stock worth $98,242,000 after purchasing an additional 3,472,225 shares during the last quarter. Cadence Capital Management LLC lifted its position in shares of Wingstop by 85.2% during the second quarter. Cadence Capital Management LLC now owns 18,300 shares of the restaurant operator’s stock worth $565,000 after purchasing an additional 8,420 shares during the last quarter. Finally, Timpani Capital Management LLC bought a new stake in shares of Wingstop during the second quarter worth $2,084,000.
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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