Wingstop (WING) Stock Rating Reaffirmed by Robert W. Baird
Robert W. Baird reaffirmed their buy rating on shares of Wingstop (NASDAQ:WING) in a research note released on Wednesday morning. The brokerage currently has a $49.00 price target on the restaurant operator’s stock.
Other research analysts have also recently issued research reports about the company. BidaskClub raised Wingstop from a hold rating to a buy rating in a research note on Tuesday, December 12th. Goldman Sachs Group reissued a buy rating and issued a $41.00 price target on shares of Wingstop in a research note on Wednesday, November 29th. Stifel Nicolaus raised Wingstop from a hold rating to a buy rating and increased their price target for the stock from $35.00 to $40.00 in a research note on Friday, November 3rd. Cowen reissued a buy rating and issued a $41.00 price target on shares of Wingstop in a research note on Friday, November 24th. Finally, Zacks Investment Research cut Wingstop from a buy rating to a hold rating in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Wingstop presently has an average rating of Hold and a consensus price target of $39.75.
Wingstop (NASDAQ:WING) opened at $39.70 on Wednesday. Wingstop has a 52 week low of $24.74 and a 52 week high of $43.25. The stock has a market capitalization of $1,155.07, a price-to-earnings ratio of 55.14, a PEG ratio of 2.45 and a beta of 0.69. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of -2.37.
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, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The company had revenue of $26.03 million during the quarter, compared to analysts’ expectations of $25.13 million. During the same quarter in the prior year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. research analysts expect that Wingstop will post 0.73 EPS for the current year.
The company also recently announced a None dividend, which was paid on Tuesday, December 19th. Investors of record on Monday, December 4th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, December 1st. This represents a yield of 0.77%. Wingstop’s dividend payout ratio is currently 19.44%.
In related news, insider Flynn Dekker sold 16,350 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total transaction of $584,839.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Hislop sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $41.03, for a total value of $205,150.00. The disclosure for this sale can be found here. Company insiders own 1.76% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of Wingstop by 1.2% during the second quarter. BlackRock Inc. now owns 3,515,978 shares of the restaurant operator’s stock valued at $108,645,000 after purchasing an additional 42,017 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Wingstop by 0.7% during the second quarter. Vanguard Group Inc. now owns 2,433,708 shares of the restaurant operator’s stock valued at $75,200,000 after purchasing an additional 16,622 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Wingstop by 56.3% during the second quarter. Goldman Sachs Group Inc. now owns 1,453,769 shares of the restaurant operator’s stock valued at $44,921,000 after purchasing an additional 523,811 shares during the last quarter. Stephens Investment Management Group LLC lifted its holdings in shares of Wingstop by 3.8% during the third quarter. Stephens Investment Management Group LLC now owns 1,351,608 shares of the restaurant operator’s stock valued at $44,941,000 after purchasing an additional 49,815 shares during the last quarter. Finally, Bamco Inc. NY lifted its holdings in shares of Wingstop by 4.7% during the third quarter. Bamco Inc. NY now owns 1,010,000 shares of the restaurant operator’s stock valued at $33,582,000 after purchasing an additional 45,000 shares during the last quarter.
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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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