Wingstop Inc. (WING) Earns Buy Rating from Robert W. Baird
Robert W. Baird restated their buy rating on shares of Wingstop Inc. (NASDAQ:WING) in a research note published on Friday. They currently have a $39.00 target price on the restaurant operator’s stock.
A number of other research firms also recently commented on WING. Jefferies Group LLC boosted their price objective on shares of Wingstop from $28.00 to $29.00 and gave the stock a hold rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Wingstop from a sell rating to a hold rating and set a $41.00 price objective on the stock in a report on Tuesday, November 7th. Cowen and Company reissued a buy rating on shares of Wingstop in a 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. Finally, Stifel Nicolaus assumed coverage on shares of Wingstop in a report on Monday, October 2nd. They set a hold rating and a $35.00 price objective on the stock. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $36.10.
Shares of Wingstop (WING) opened at $38.95 on Friday. The company has a market cap of $1,108.52, a PE ratio of 52.92, a P/E/G ratio of 2.69 and a beta of 0.58. Wingstop has a fifty-two week low of $24.74 and a fifty-two week high of $39.20. 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 (NASDAQ:WING) last released its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The firm 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%. The firm’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. analysts forecast that Wingstop will post 0.73 EPS for the current year.
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The firm also recently declared a None dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Monday, December 4th will be issued a $0.07 dividend. This represents a dividend yield of 0.77%. The ex-dividend date is Friday, December 1st. Wingstop’s dividend payout ratio (DPR) is presently 9.72%.
In related news, insider Flynn Dekker sold 16,350 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total transaction of $584,839.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles R. Morrison sold 25,000 shares of the company’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 63,433 shares of company stock worth $2,206,872 in the last ninety days. Insiders own 1.76% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Engineers Gate Manager LP purchased a new position in shares of Wingstop during the third quarter valued at approximately $1,453,000. Dimensional Fund Advisors LP lifted its stake in shares of Wingstop by 39.0% during the third quarter. Dimensional Fund Advisors LP now owns 547,583 shares of the restaurant operator’s stock valued at $18,207,000 after buying an additional 153,675 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Wingstop by 12.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 140,064 shares of the restaurant operator’s stock valued at $4,658,000 after buying an additional 15,489 shares during the period. Virginia Retirement Systems ET AL lifted its stake in shares of Wingstop by 59.0% during the third quarter. Virginia Retirement Systems ET AL now owns 32,600 shares of the restaurant operator’s stock valued at $1,084,000 after buying an additional 12,100 shares during the period. Finally, Eagle Asset Management Inc. lifted its stake in shares of Wingstop by 6.5% during the third quarter. Eagle Asset Management Inc. now owns 170,216 shares of the restaurant operator’s stock valued at $5,720,000 after buying an additional 10,395 shares during the period.
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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