Wingstop Inc (NASDAQ:WING) has received an average rating of “Hold” from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $70.52.
Several analysts have issued reports on WING shares. Guggenheim lowered Wingstop from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a research note on Tuesday, April 2nd. BidaskClub lowered Wingstop from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 30th. Piper Jaffray Companies started coverage on Wingstop in a research note on Monday, May 13th. They issued an “overweight” rating and a $88.00 target price for the company. BMO Capital Markets started coverage on Wingstop in a research note on Tuesday, March 26th. They issued an “outperform” rating and a $71.76 target price for the company. Finally, Wedbush cut their target price on Wingstop from $74.00 to $69.00 and set an “outperform” rating for the company in a research note on Thursday, February 28th.
WING traded up $0.15 during midday trading on Thursday, hitting $79.41. The stock had a trading volume of 491,268 shares, compared to its average volume of 474,061. The firm has a market cap of $2.33 billion, a P/E ratio of 94.54, a P/E/G ratio of 5.49 and a beta of 0.85. Wingstop has a 1 year low of $47.83 and a 1 year high of $80.76.
Wingstop (NASDAQ:WING) last issued its earnings results on Tuesday, May 7th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The business had revenue of $48.05 million during the quarter, compared to analyst estimates of $45.68 million. Wingstop had a negative return on equity of 13.31% and a net margin of 13.52%. Wingstop’s revenue for the quarter was up 28.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. As a group, equities research analysts anticipate that Wingstop will post 0.74 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, June 6th. Wingstop’s dividend payout ratio (DPR) is presently 42.86%.
In other news, Chairman Charles R. Morrison sold 20,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $69.10, for a total transaction of $1,382,000.00. Following the completion of the sale, the chairman now owns 128,998 shares of the company’s stock, valued at $8,913,761.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Charles R. Morrison sold 20,009 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $78.10, for a total value of $1,562,702.90. Following the sale, the chief executive officer now directly owns 123,007 shares of the company’s stock, valued at approximately $9,606,846.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,269 shares of company stock valued at $3,654,678. Insiders own 1.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in Wingstop by 16.1% in the fourth quarter. Bank of America Corp DE now owns 171,701 shares of the restaurant operator’s stock worth $11,022,000 after acquiring an additional 23,781 shares during the period. New York State Teachers Retirement System raised its holdings in Wingstop by 26.8% in the fourth quarter. New York State Teachers Retirement System now owns 33,935 shares of the restaurant operator’s stock worth $2,178,000 after purchasing an additional 7,170 shares in the last quarter. Marshall Wace North America L.P. bought a new position in Wingstop in the third quarter worth $258,000. Metropolitan Life Insurance Co. NY raised its holdings in Wingstop by 334.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,933 shares of the restaurant operator’s stock worth $573,000 after purchasing an additional 6,875 shares in the last quarter. Finally, Penserra Capital Management LLC raised its holdings in Wingstop by 98.2% in the fourth quarter. Penserra Capital Management LLC now owns 163,416 shares of the restaurant operator’s stock worth $10,489,000 after purchasing an additional 80,947 shares in the last quarter.
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 December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.
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