BidaskClub lowered shares of Wingstop (NASDAQ:WING) from a buy rating to a hold rating in a report issued on Wednesday morning.

A number of other research analysts have also recently commented on the company. Goldman Sachs Group cut Wingstop from a buy rating to a neutral rating and upped their price target for the company from $58.00 to $66.00 in a research report on Tuesday, September 11th. Wedbush reissued an outperform rating and set a $74.00 price objective (up previously from $70.00) on shares of Wingstop in a report on Wednesday, October 10th. BTIG Research cut Wingstop from a buy rating to a neutral rating and set a $59.00 price objective on the stock. in a report on Tuesday, September 4th. They noted that the move was a valuation call. Stifel Nicolaus increased their price objective on Wingstop from $58.00 to $80.00 and gave the stock a buy rating in a report on Monday, August 27th. Finally, Zacks Investment Research cut Wingstop from a buy rating to a hold rating in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Wingstop currently has a consensus rating of Hold and an average target price of $64.13.

Shares of NASDAQ WING traded down $0.36 during trading on Wednesday, reaching $67.40. 522,634 shares of the stock traded hands, compared to its average volume of 796,761. Wingstop has a 52-week low of $37.50 and a 52-week high of $75.58. The stock has a market capitalization of $1.97 billion, a PE ratio of 91.08, a P/E/G ratio of 4.00 and a beta of 1.10.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Monday, October 29th. The restaurant operator reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Wingstop had a negative return on equity of 21.61% and a net margin of 21.14%. The firm had revenue of $38.25 million for the quarter, compared to analysts’ expectations of $38.02 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, research analysts forecast that Wingstop will post 0.86 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, December 4th will be issued a dividend of $0.09 per share. The ex-dividend date is Monday, December 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 0.53%. Wingstop’s dividend payout ratio (DPR) is 48.65%.

In other Wingstop news, Director Michael J. Hislop sold 5,900 shares of the firm’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $69.11, for a total value of $407,749.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stacy Peterson sold 3,437 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $66.05, for a total value of $227,013.85. Following the completion of the sale, the insider now directly owns 38,339 shares in the company, valued at approximately $2,532,290.95. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

Several large investors have recently added to or reduced their stakes in WING. California Public Employees Retirement System purchased a new stake in shares of Wingstop in the 1st quarter valued at about $1,449,000. Millennium Management LLC purchased a new stake in shares of Wingstop in the 1st quarter valued at about $4,037,000. Legal & General Group Plc raised its holdings in shares of Wingstop by 2.2% in the 1st quarter. Legal & General Group Plc now owns 54,164 shares of the restaurant operator’s stock valued at $2,559,000 after acquiring an additional 1,148 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Wingstop by 49,828.4% in the 1st quarter. Royal Bank of Canada now owns 138,801 shares of the restaurant operator’s stock valued at $6,555,000 after acquiring an additional 138,523 shares in the last quarter. Finally, Xact Kapitalforvaltning AB bought a new position in shares of Wingstop during the 1st quarter valued at about $238,000.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.

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Analyst Recommendations for Wingstop (NASDAQ:WING)

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