Wingstop Inc (NASDAQ:WING) has been assigned an average recommendation of “Hold” from the eighteen research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $65.13.
Several research analysts recently issued reports on WING shares. BidaskClub raised shares of Wingstop from a “hold” rating to a “buy” rating in a research note on Saturday, March 16th. Wedbush restated a “buy” rating and set a $74.00 price objective (up previously from $69.00) on shares of Wingstop in a report on Wednesday, March 13th. Zacks Investment Research upgraded shares of Wingstop from a “sell” rating to a “hold” rating in a report on Saturday, January 12th. Guggenheim downgraded shares of Wingstop from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a report on Tuesday, April 2nd. Finally, BMO Capital Markets initiated coverage on shares of Wingstop in a report on Tuesday, March 26th. They set an “outperform” rating and a $71.76 price objective on the stock.
In other news, insider Lawrence Kruguer sold 2,663 shares of the stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $65.06, for a total value of $173,254.78. Following the completion of the sale, the insider now owns 5,594 shares in the company, valued at $363,945.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Charles R. Morrison sold 20,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $69.10, for a total transaction of $1,382,000.00. Following the completion of the sale, the chairman now owns 128,998 shares of the company’s stock, valued at approximately $8,913,761.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,100 shares of company stock valued at $2,045,093. 1.70% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in WING. Half Sky Capital UK Ltd purchased a new stake in shares of Wingstop in the fourth quarter valued at about $26,192,000. Squarepoint Ops LLC increased its holdings in Wingstop by 484.3% during the fourth quarter. Squarepoint Ops LLC now owns 298,533 shares of the restaurant operator’s stock worth $19,163,000 after buying an additional 247,441 shares during the last quarter. Millennium Management LLC increased its holdings in Wingstop by 316.6% during the fourth quarter. Millennium Management LLC now owns 191,089 shares of the restaurant operator’s stock worth $12,266,000 after buying an additional 145,216 shares during the last quarter. Two Sigma Investments LP increased its holdings in Wingstop by 257.9% during the fourth quarter. Two Sigma Investments LP now owns 167,119 shares of the restaurant operator’s stock worth $10,727,000 after buying an additional 120,424 shares during the last quarter. Finally, Penserra Capital Management LLC increased its holdings in Wingstop by 98.2% during the fourth quarter. Penserra Capital Management LLC now owns 163,416 shares of the restaurant operator’s stock worth $10,489,000 after buying an additional 80,947 shares during the last quarter.
NASDAQ WING traded up $1.80 on Friday, hitting $77.96. 337,392 shares of the company were exchanged, compared to its average volume of 452,072. The firm has a market cap of $2.29 billion, a PE ratio of 92.81, a P/E/G ratio of 5.21 and a beta of 0.89. Wingstop has a 12 month low of $46.52 and a 12 month high of $78.45.
Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, February 27th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). The company had revenue of $40.51 million for the quarter, compared to the consensus estimate of $40.82 million. Wingstop had a negative return on equity of 15.27% and a net margin of 14.18%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 earnings per share. As a group, equities analysts anticipate that Wingstop will post 0.77 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were issued a $0.09 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $0.36 annualized dividend and a dividend yield of 0.46%. Wingstop’s dividend payout ratio is currently 42.86%.
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 December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.
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