BidaskClub upgraded shares of Wingstop (NASDAQ:WING) from a hold rating to a buy rating in a report released on Tuesday morning.

Several other research firms have also weighed in on WING. Guggenheim lowered Wingstop from a buy rating to a neutral rating in a research note on Wednesday, November 29th. Goldman Sachs Group reissued a buy rating and issued a $41.00 target price on shares of Wingstop in a report on Wednesday, November 29th. Cowen reissued a buy rating and issued a $41.00 target price on shares of Wingstop in a report on Friday, November 24th. Zacks Investment Research downgraded Wingstop from a buy rating to a hold rating in a report on Tuesday, November 14th. Finally, Robert W. Baird reissued a buy rating and issued a $44.00 target price (up from $30.00) on shares of Wingstop in a report on Monday, December 4th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Wingstop currently has an average rating of Buy and a consensus price target of $37.50.

Shares of Wingstop (WING) opened at $42.08 on Tuesday. Wingstop has a 12 month low of $24.74 and a 12 month high of $42.74. The firm has a market capitalization of $1,240.00 and a P/E ratio of 56.53. 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 data on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share for the quarter, beating the 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 for the quarter, compared to analyst estimates of $25.13 million. During the same period in the prior year, the company posted $0.13 EPS. The company’s revenue was up 19.4% compared to the same quarter last year. sell-side analysts predict that Wingstop will post 0.73 earnings per share for the current year.

The firm 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 payout ratio is currently 19.44%.

In other news, insider Lawrence Kruguer sold 10,526 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $33.67, for a total value of $354,410.42. Following the transaction, the insider now directly owns 22,116 shares of the company’s stock, valued at approximately $744,645.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Flynn Dekker sold 16,350 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total value of $584,839.50. The disclosure for this sale can be found here. Insiders sold a total of 31,876 shares of company stock worth $1,144,400 over the last three months. 1.76% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of WING. Goldman Sachs Group Inc. lifted its holdings in Wingstop by 56.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,453,769 shares of the restaurant operator’s stock worth $44,921,000 after buying an additional 523,811 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in Wingstop during the 2nd quarter worth $11,947,000. CI Investments Inc. acquired a new position in Wingstop during the 3rd quarter worth $11,977,000. Dimensional Fund Advisors LP lifted its holdings in Wingstop by 334.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 393,908 shares of the restaurant operator’s stock worth $12,172,000 after buying an additional 303,156 shares in the last quarter. Finally, Koch Industries Inc. acquired a new position in Wingstop during the 2nd quarter worth $286,000.

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About Wingstop

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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