Wingstop (NASDAQ: WING) has recently received a number of price target changes and ratings updates:

  • 8/9/2017 – Wingstop was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/9/2017 – Wingstop had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $37.00 price target on the stock.
  • 8/8/2017 – Wingstop was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Wingstop Inc. franchises and operates restaurants. The Company’s operating segment consists of Franchise segment and Company segment. It offers cooked-to-order, hand-sauced and tossed chicken wings. Wingstop Inc. is headquartered in Dallas, Texas. “
  • 8/4/2017 – Wingstop had its “buy” rating reaffirmed by analysts at Wedbush.
  • 8/4/2017 – Wingstop had its price target raised by analysts at Wedbush from $35.00 to $36.00. They now have an “outperform” rating on the stock.
  • 8/4/2017 – Wingstop had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $34.00 price target on the stock, up previously from $32.00.
  • 8/1/2017 – Wingstop was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/21/2017 – Wingstop was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Wingstop Inc. franchises and operates restaurants. The Company’s operating segment consists of Franchise segment and Company segment. It offers cooked-to-order, hand-sauced and tossed chicken wings. Wingstop Inc. is headquartered in Dallas, Texas. “
  • 7/13/2017 – Wingstop was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/6/2017 – Wingstop had its “buy” rating reaffirmed by analysts at Wedbush. They now have a $36.00 price target on the stock.
  • 6/26/2017 – Wingstop had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $36.00 price target on the stock.

Wingstop Inc. (NASDAQ:WING) opened at 32.63 on Thursday. The company’s 50 day moving average is $30.92 and its 200-day moving average is $29.12. Wingstop Inc. has a 52 week low of $24.74 and a 52 week high of $34.16. The firm has a market cap of $945.52 million, a P/E ratio of 54.29 and a beta of 0.60.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. Wingstop had a net margin of 19.28% and a negative return on equity of 28.04%. The firm had revenue of $24.70 million for the quarter, compared to the consensus estimate of $24.61 million. During the same quarter in the previous year, the firm posted $0.15 EPS. Equities analysts expect that Wingstop Inc. will post $0.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Sunday, September 3rd will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.86%. The ex-dividend date is Wednesday, August 30th.

In other news, insider Flynn Dekker sold 4,102 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $30.59, for a total value of $125,480.18. Following the completion of the sale, the insider now owns 44,014 shares of the company’s stock, valued at approximately $1,346,388.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sidney J. Feltenstein sold 26,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $30.06, for a total transaction of $781,560.00. Following the completion of the sale, the director now directly owns 39,750 shares of the company’s stock, valued at approximately $1,194,885. The disclosure for this sale can be found here. Insiders have sold a total of 45,905 shares of company stock worth $1,382,411 in the last ninety days. 1.76% of the stock is currently owned by insiders.

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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