Wingstop (WING) Receives Coverage Optimism Rating of 0.15
News stories about Wingstop (NASDAQ:WING) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Wingstop earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the restaurant operator an impact score of 46.3738889397324 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Stifel Nicolaus Begins Coverage on Wingstop Inc. (WING) With A … – First News 24 (firstnewspaper24.com)
- Wendy’s Vs. Wingstop: Twitter Beef Turns Into Rap Battle | Benzinga – Benzinga (benzinga.com)
- New businesses set to open in Rocky Mount (reflector.com)
- How These Restaurants Stocks are Performing? — Sonic, Wingstop … – PR Newswire (press release) (prnewswire.com)
Wingstop (NASDAQ:WING) remained flat at $33.24 on Thursday. 262,693 shares of the company were exchanged. The firm has a market cap of $966.35 million, a PE ratio of 51.86 and a beta of 0.58. The firm has a 50-day moving average of $33.70 and a 200 day moving average of $33.70. Wingstop has a one year low of $24.74 and a one year high of $35.61.
Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The business had revenue of $24.70 million during the quarter, compared to analyst estimates of $24.61 million. Wingstop had a negative return on equity of 28.04% and a net margin of 19.28%. During the same period in the previous year, the company earned $0.15 EPS. On average, analysts forecast that Wingstop will post $0.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Sunday, September 3rd were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.84%. Wingstop’s dividend payout ratio is 10.94%.
Several brokerages have recently weighed in on WING. Cowen and Company reiterated an “outperform” rating and set a $37.00 price objective on shares of Wingstop in a report on Wednesday, August 9th. BidaskClub upgraded shares of Wingstop from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Wedbush increased their price objective on shares of Wingstop from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Zacks Investment Research upgraded shares of Wingstop from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $34.00 price objective (up from $32.00) on shares of Wingstop in a report on Friday, August 4th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $34.38.
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In other news, insider Lawrence Kruguer sold 10,526 shares of Wingstop stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $33.67, for a total transaction of $354,410.42. Following the completion of the sale, the insider now directly owns 22,116 shares in the company, valued at approximately $744,645.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Charles R. Morrison sold 25,000 shares of Wingstop stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $34.71, for a total value of $867,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,083 shares of company stock valued at $1,622,033. 1.76% of the stock is owned by corporate 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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