Deutsche Bank reaffirmed their hold rating on shares of Wingstop (NASDAQ:WING) in a report issued on Friday morning, Marketbeat Ratings reports. Deutsche Bank currently has a $40.00 price objective on the restaurant operator’s stock, up from their prior price objective of $38.00.
Several other analysts have also recently issued reports on WING. Stifel Nicolaus upgraded Wingstop from a hold rating to a buy rating and increased their price objective for the company from $35.00 to $40.00 in a research note on Friday, November 3rd. Jefferies Group increased their price objective on Wingstop from $28.00 to $29.00 and gave the company a hold rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded Wingstop from a sell rating to a hold rating and set a $41.00 price objective on the stock in a research note on Tuesday, November 7th. Robert W. Baird reiterated a buy rating and issued a $39.00 price objective on shares of Wingstop in a research note on Friday, November 10th. Finally, Cowen reiterated a buy rating and issued a $41.00 price objective on shares of Wingstop in a research note on Friday, November 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Wingstop currently has a consensus rating of Buy and a consensus price target of $45.42.
Wingstop (WING) traded down $2.40 on Friday, hitting $44.38. The stock had a trading volume of 3,781,444 shares, compared to its average volume of 581,870. Wingstop has a 1-year low of $24.74 and a 1-year high of $49.69. The stock has a market capitalization of $1,361.06, a price-to-earnings ratio of 47.72, a P/E/G ratio of 2.93 and a beta of 1.01. 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 (NASDAQ:WING) last announced its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $28.29 million for the quarter, compared to analysts’ expectations of $27.49 million. Wingstop had a negative return on equity of 35.18% and a net margin of 25.87%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm earned $0.15 earnings per share. research analysts expect that Wingstop will post 0.82 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, March 8th. Wingstop’s dividend payout ratio is presently 15.05%.
In other Wingstop news, Chairman Charles R. Morrison sold 1,476 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $48.13, for a total value of $71,039.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael J. Hislop sold 5,000 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $41.03, for a total value of $205,150.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,036 shares of company stock worth $300,847. 1.76% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC acquired a new stake in Wingstop in the fourth quarter valued at $541,000. PEAK6 Investments L.P. acquired a new stake in Wingstop in the fourth quarter valued at $550,000. Meadow Creek Investment Management LLC raised its stake in Wingstop by 25.7% in the fourth quarter. Meadow Creek Investment Management LLC now owns 5,984 shares of the restaurant operator’s stock valued at $233,000 after buying an additional 1,224 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Wingstop by 10.6% in the fourth quarter. TIAA CREF Investment Management LLC now owns 601,328 shares of the restaurant operator’s stock valued at $23,440,000 after buying an additional 57,679 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Wingstop in the fourth quarter valued at $335,000.
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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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