Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut Wingstop from a buy rating to a hold rating in a report on Saturday, August 3rd. Stephens cut Wingstop from an overweight rating to an equal weight rating and set a $93.00 target price on the stock. in a report on Friday, June 28th. SunTrust Banks upped their price target on Wingstop to $102.00 and gave the company a buy rating in a report on Friday, August 2nd. Northcoast Research began coverage on Wingstop in a report on Tuesday, July 30th. They issued a sell rating on the stock. Finally, Wells Fargo & Co upped their price target on Wingstop from $85.00 to $111.00 and gave the company an outperform rating in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $92.14.
Shares of WING stock opened at $87.47 on Tuesday. The business has a 50 day moving average of $97.05 and a two-hundred day moving average of $85.87. Wingstop has a 52 week low of $56.95 and a 52 week high of $107.43. The company has a market cap of $2.51 billion, a P/E ratio of 104.13, a PEG ratio of 5.97 and a beta of 0.83.
Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, August 1st. The restaurant operator reported $0.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.17. The company had revenue of $48.56 million during the quarter, compared to the consensus estimate of $47.53 million. Wingstop had a negative return on equity of 11.09% and a net margin of 11.54%. Wingstop’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. As a group, analysts anticipate that Wingstop will post 0.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.44 annualized dividend and a dividend yield of 0.50%. This is a boost from Wingstop’s previous quarterly dividend of $0.09. Wingstop’s dividend payout ratio is currently 52.38%.
In other Wingstop news, Director Michael J. Hislop sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $93.74, for a total value of $468,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles R. Morrison sold 1,100 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $101.06, for a total value of $111,166.00. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in WING. Manchester Capital Management LLC acquired a new position in shares of Wingstop during the first quarter valued at about $40,000. Tower Research Capital LLC TRC bought a new position in Wingstop in the second quarter valued at approximately $110,000. Centaurus Financial Inc. bought a new position in Wingstop in the second quarter valued at approximately $127,000. GAM Holding AG bought a new position in Wingstop in the second quarter valued at approximately $267,000. Finally, Miles Capital Inc. bought a new position in Wingstop in the first quarter valued at approximately $216,000.
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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