Wingstop Inc (WING) Receives Average Recommendation of “Buy” from Brokerages
Wingstop Inc (NASDAQ:WING) has been given a consensus recommendation of “Buy” by the nineteen analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $56.25.
WING has been the topic of a number of research reports. BidaskClub raised Wingstop from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 12th. SunTrust Banks reissued a “buy” rating and set a $62.00 price objective on shares of Wingstop in a report on Friday, August 3rd. Wedbush reissued an “outperform” rating and set a $70.00 price objective (up from $59.00) on shares of Wingstop in a report on Wednesday, August 22nd. They noted that the move was a valuation call. TheStreet raised Wingstop from a “d+” rating to a “c+” rating in a report on Monday, June 11th. Finally, Stifel Nicolaus raised their price objective on Wingstop from $58.00 to $80.00 and gave the company a “buy” rating in a report on Monday, August 27th.
In other news, insider Lawrence Kruguer sold 1,112 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $51.73, for a total value of $57,523.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles R. Morrison sold 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $60.13, for a total value of $1,022,210.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,808 shares of company stock worth $2,199,565. Corporate insiders own 1.76% of the company’s stock.
Shares of NASDAQ WING traded up $0.84 during trading hours on Friday, reaching $69.71. 516,222 shares of the stock traded hands, compared to its average volume of 441,051. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 94.20, a P/E/G ratio of 4.18 and a beta of 1.03. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of -1.53. Wingstop has a 52-week low of $31.53 and a 52-week high of $70.74.
Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Thursday, August 2nd. The restaurant operator reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The company had revenue of $37.04 million for the quarter, compared to analysts’ expectations of $36.92 million. Wingstop had a negative return on equity of 24.63% and a net margin of 22.15%. Wingstop’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the firm posted $0.18 EPS. analysts forecast that Wingstop will post 0.85 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th will be given a $0.09 dividend. This is a positive change from Wingstop’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, August 31st. Wingstop’s dividend payout ratio (DPR) is currently 48.65%.
Wingstop Company Profile
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 February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.
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