Shares of Wingstop Inc (NASDAQ:WING) have been assigned a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $37.11.
Several brokerages have recently weighed in on WING. Guggenheim cut Wingstop from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 29th. Goldman Sachs Group reiterated a “buy” rating and issued a $41.00 price target on shares of Wingstop in a research report on Wednesday, November 29th. Cowen reiterated a “buy” rating and issued a $41.00 price target on shares of Wingstop in a research report on Friday, November 24th. Zacks Investment Research cut Wingstop from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $44.00 price target (up from $30.00) on shares of Wingstop in a research report on Monday, December 4th.
In related news, insider Lawrence Kruguer sold 10,526 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $33.67, for a total transaction of $354,410.42. Following the completion of the transaction, the insider now directly owns 22,116 shares in the company, valued at $744,645.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, 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 value of $584,839.50. The disclosure for this sale can be found here. 1.76% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Pier Capital LLC purchased a new position in Wingstop during the second quarter worth about $7,703,000. Goldman Sachs Group Inc. boosted its holdings in shares of Wingstop by 56.3% in the 2nd 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 in the last quarter. Cadence Capital Management LLC boosted its holdings in shares of Wingstop by 85.2% in the 2nd 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 in the last quarter. Timpani Capital Management LLC purchased a new position in shares of Wingstop in the 2nd quarter worth about $2,084,000. Finally, Fortaleza Asset Management Inc. purchased a new position in shares of Wingstop in the 2nd quarter worth about $108,000.
Shares of Wingstop (WING) traded up $0.63 on Thursday, hitting $42.08. The company’s stock had a trading volume of 586,262 shares, compared to its average volume of 495,513. The company has a market capitalization of $1,240.00 and a price-to-earnings ratio of 56.53. The company has a debt-to-equity ratio of -2.37, a quick ratio of 0.89 and a current ratio of 0.89. Wingstop has a 52-week low of $24.74 and a 52-week high of $42.74.
Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm had revenue of $26.03 million for the quarter, compared to analyst estimates of $25.13 million. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The business’s 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. equities analysts forecast that Wingstop will post 0.73 EPS for the current year.
The business also recently declared a None dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Monday, December 4th will be given 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 19.44%.
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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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