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.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $26.03 million during the quarter, compared to analyst estimates of $25.13 million. Wingstop had a net margin of 20.70% and a negative return on equity of 32.39%. The company’s revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. analysts predict that Wingstop will post 0.73 EPS for the current fiscal year.

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.

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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.

Analyst Recommendations for Wingstop (NASDAQ:WING)

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