Wingstop (NASDAQ:WING) had its price target increased by Stifel Nicolaus from $50.00 to $56.00 in a research report report published on Wednesday, MarketBeat reports. Stifel Nicolaus currently has a buy rating on the restaurant operator’s stock.

A number of other equities analysts have also issued reports on the company. Morgan Stanley raised their target price on Wingstop from $50.00 to $52.00 and gave the stock an overweight rating in a research note on Monday, April 16th. ValuEngine upgraded Wingstop from a hold rating to a buy rating in a research note on Monday, April 2nd. Zacks Investment Research upgraded Wingstop from a sell rating to a hold rating in a research note on Wednesday, March 21st. Barclays restated an equal weight rating and issued a $40.00 target price (down previously from $44.00) on shares of Wingstop in a research note on Friday, February 23rd. Finally, Deutsche Bank restated a hold rating and issued a $40.00 target price (up previously from $38.00) on shares of Wingstop in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Wingstop currently has an average rating of Buy and an average price target of $48.00.

Shares of WING stock opened at $50.76 on Wednesday. The firm has a market capitalization of $1,495.14, a P/E ratio of 68.59, a PEG ratio of 3.45 and a beta of 0.90. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of -2.69. Wingstop has a 1 year low of $28.00 and a 1 year high of $52.00.

Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $28.29 million during the quarter, compared to analyst estimates of $27.49 million. Wingstop had a negative return on equity of 37.25% and a net margin of 25.87%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. analysts forecast that Wingstop will post 0.76 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.55%. The ex-dividend date was Thursday, March 8th. Wingstop’s dividend payout ratio is currently 28.38%.

In other Wingstop news, Chairman Charles R. Morrison sold 1,476 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $48.13, for a total transaction of $71,039.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael J. Hislop sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $48.30, for a total value of $241,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 41,120 shares of company stock worth $1,951,212 over the last ninety days. 1.76% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. First Mercantile Trust Co. acquired a new stake in shares of Wingstop during the 4th quarter valued at about $223,000. Fortaleza Asset Management Inc. grew its position in shares of Wingstop by 71.0% during the 4th quarter. Fortaleza Asset Management Inc. now owns 5,960 shares of the restaurant operator’s stock valued at $232,000 after acquiring an additional 2,475 shares during the period. Meadow Creek Investment Management LLC grew its position in shares of Wingstop by 25.7% during the 4th quarter. Meadow Creek Investment Management LLC now owns 5,984 shares of the restaurant operator’s stock valued at $233,000 after acquiring an additional 1,224 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of Wingstop during the 4th quarter valued at about $278,000. Finally, Brown Advisory Inc. acquired a new stake in shares of Wingstop during the 4th quarter valued at about $324,000.

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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)

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