Wingstop (WING) Earns Buy Rating from Goldman Sachs Group
Goldman Sachs Group reissued their buy rating on shares of Wingstop (NASDAQ:WING) in a research report sent to investors on Wednesday. They currently have a $41.00 price target on the restaurant operator’s stock.
A number of other equities analysts have also weighed in on WING. BidaskClub lowered shares of Wingstop from a hold rating to a sell rating in a research report on Tuesday, August 1st. Wedbush reiterated a buy rating on shares of Wingstop in a research report on Friday, August 4th. Barclays reiterated an equal weight rating and issued a $34.00 price target (up from $32.00) on shares of Wingstop in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Wingstop from a sell rating to a hold rating in a research report on Tuesday, August 8th. Finally, Cowen reiterated an outperform rating and issued a $37.00 price target on shares of Wingstop in a research report on Wednesday, August 9th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $37.00.
Shares of Wingstop (WING) traded down $0.38 during midday trading on Wednesday, reaching $38.74. 482,521 shares of the company traded hands, compared to its average volume of 697,123. The company has a debt-to-equity ratio of -2.37, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $1,140.23, a price-to-earnings ratio of 54.43, a price-to-earnings-growth ratio of 2.77 and a beta of 0.67. Wingstop has a 12 month low of $24.74 and a 12 month high of $40.51.
The business also recently announced a None dividend, which will be paid on Tuesday, December 19th. Stockholders 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 of this dividend is Friday, December 1st. Wingstop’s dividend payout ratio (DPR) is presently 9.72%.
In other news, insider Lawrence Kruguer sold 10,526 shares of the business’s stock in a transaction 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 transaction, the insider now owns 22,116 shares of the company’s stock, valued at $744,645.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Flynn Dekker sold 16,350 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total transaction of $584,839.50. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in WING. Teachers Advisors LLC raised its stake in Wingstop by 2.5% during the first quarter. Teachers Advisors LLC now owns 25,500 shares of the restaurant operator’s stock valued at $721,000 after purchasing an additional 619 shares in the last quarter. Vanguard Group Inc. raised its stake in Wingstop by 4.0% during the first quarter. Vanguard Group Inc. now owns 2,417,086 shares of the restaurant operator’s stock valued at $68,355,000 after purchasing an additional 92,070 shares in the last quarter. Geode Capital Management LLC raised its stake in Wingstop by 15.6% during the first quarter. Geode Capital Management LLC now owns 219,387 shares of the restaurant operator’s stock valued at $6,204,000 after purchasing an additional 29,618 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Wingstop by 20.6% during the first quarter. Dimensional Fund Advisors LP now owns 90,752 shares of the restaurant operator’s stock valued at $2,566,000 after purchasing an additional 15,478 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Wingstop by 200,013.0% during the first quarter. BlackRock Inc. now owns 3,473,961 shares of the restaurant operator’s stock valued at $98,242,000 after purchasing an additional 3,472,225 shares in the last quarter.
ILLEGAL ACTIVITY NOTICE: “Wingstop (WING) Earns Buy Rating from Goldman Sachs Group” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/02/wingstop-wing-earns-buy-rating-from-goldman-sachs-group.html.
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.
Receive News & Stock Ratings for Wingstop Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop Inc. and related stocks with our FREE daily email newsletter.