Wingstop (WING) Given Daily Media Sentiment Rating of 0.15
News articles about Wingstop (NASDAQ:WING) have trended somewhat positive on Friday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Wingstop earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media stories about the restaurant operator an impact score of 45.2713191156202 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- Spot trends and buy/sell signals: Wingstop Inc. (WING), Iridium Communications Inc. (IRDM) – Market Movers (financialqz.com)
- Wingstop Inc. (WING) Cut to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Wingstop to deliver in Chicago (meatpoultry.com)
- Buffalo Wild Wings Gets $2.3 Billion-Plus Buyout Bid From Roark Capital: WSJ (finance.yahoo.com)
- Wingstop Inc. (WING) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
A number of equities analysts have weighed in on WING shares. Robert W. Baird reiterated a “buy” rating and issued a $39.00 price target on shares of Wingstop in a research report on Monday, October 9th. Cowen and Company reiterated a “buy” rating on shares of Wingstop in a research report on Thursday, August 24th. BidaskClub raised shares of Wingstop from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Wedbush reissued a “buy” rating on shares of Wingstop in a report on Friday, August 4th. Finally, Stifel Nicolaus raised shares of Wingstop from a “hold” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $40.00 in a report on Friday, November 3rd. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Wingstop presently has a consensus rating of “Buy” and an average price target of $36.10.
Wingstop (NASDAQ WING) traded down $0.53 during trading on Friday, reaching $38.96. 356,700 shares of the company were exchanged, compared to its average volume of 502,640. The stock has a market capitalization of $1,110.00 and a P/E ratio of 54.85. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -2.37. Wingstop has a 52 week low of $24.74 and a 52 week high of $40.51.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The company 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 32.39%. Wingstop’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 earnings per share. sell-side analysts anticipate that Wingstop will post 0.73 EPS for the current year.
The firm also recently declared a None dividend, which will be paid on Tuesday, December 19th. Investors of record on Monday, December 4th will be paid a dividend of $0.07 per share. This represents a yield of 0.77%. The ex-dividend date is Friday, December 1st. Wingstop’s payout ratio is 9.72%.
In related news, insider Flynn Dekker sold 16,350 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total transaction of $584,839.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stacy Peterson sold 11,557 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $34.60, for a total transaction of $399,872.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,433 shares of company stock worth $2,206,872. 1.76% of the stock is 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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