Somewhat Favorable News Coverage Somewhat Unlikely to Impact Wingstop (WING) Stock Price
News coverage about Wingstop (NASDAQ:WING) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wingstop earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news stories about the restaurant operator an impact score of 47.5542960641046 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Wingstop expands delivery to Chicago market (nrn.com)
- Wingstop beats Street 3Q forecasts (finance.yahoo.com)
- Edited Transcript of WING earnings conference call or presentation 2-Nov-17 8:30pm GMT (finance.yahoo.com)
- Wingstop Inc. (WING) Price Target Increased to $29.00 by Analysts at Jefferies Group LLC (americanbankingnews.com)
- Will Increased Expenses Hurt Wingstop’s (WING) Q3 Earnings? – Nasdaq (nasdaq.com)
Shares of Wingstop (WING) traded up $4.22 during trading on Friday, reaching $36.41. The company’s stock had a trading volume of 3,937,763 shares, compared to its average volume of 422,511. The firm has a market cap of $1,058.51, a PE ratio of 50.57, a price-to-earnings-growth ratio of 2.61 and a beta of 0.58. The company has a debt-to-equity ratio of -2.25, a current ratio of 0.90 and a quick ratio of 0.90.
Wingstop (NASDAQ:WING) last announced its earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $26.03 million for the quarter, compared to the consensus estimate of $25.13 million. Wingstop had a net margin of 20.70% and a negative return on equity of 31.19%. Wingstop’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share. sell-side analysts forecast that Wingstop will post 0.73 earnings per share for the current fiscal year.
Several research firms recently weighed in on WING. Cowen and Company reiterated an “outperform” rating and issued a $37.00 price target on shares of Wingstop in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Wingstop from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Stifel Nicolaus upgraded shares of Wingstop from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $40.00 in a report on Friday. Jefferies Group LLC lifted their price target on shares of Wingstop from $28.00 to $29.00 and gave the company a “hold” rating in a report on Friday. Finally, BidaskClub upgraded shares of Wingstop from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Wingstop has an average rating of “Buy” and a consensus target price of $35.56.
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In related news, insider Lawrence Kruguer sold 10,526 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $33.67, for a total value of $354,410.42. Following the sale, the insider now directly owns 22,116 shares of the company’s stock, valued at $744,645.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles R. Morrison sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $34.71, for a total transaction of $867,750.00. The disclosure for this sale can be found here. Insiders sold 47,083 shares of company stock worth $1,622,033 over the last ninety days. 1.76% of the stock is currently owned by insiders.
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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