Wingstop (NASDAQ:WING) had its price target increased by Piper Jaffray Companies from $88.00 to $108.00 in a research report sent to investors on Monday, The Fly reports. Piper Jaffray Companies currently has an overweight rating on the restaurant operator’s stock.
Several other equities analysts have also recently weighed in on WING. Stephens set a $53.00 price target on Domtar and gave the company a buy rating in a report on Friday, June 28th. BidaskClub upgraded Zai Lab from a sell rating to a hold rating in a report on Wednesday, June 5th. Guggenheim cut Wingstop from a buy rating to a neutral rating and set a $72.00 price target for the company. in a report on Tuesday, April 2nd. Zacks Investment Research cut Yatra Online from a hold rating to a sell rating in a report on Saturday, July 6th. Finally, BMO Capital Markets set a $45.00 target price on Chemours and gave the stock a buy rating in a report on Monday, June 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Wingstop presently has a consensus rating of Hold and a consensus target price of $79.87.
NASDAQ WING opened at $94.89 on Monday. The stock has a market cap of $2.86 billion, a PE ratio of 112.96, a PEG ratio of 6.72 and a beta of 0.85. The company’s 50 day moving average price is $91.20. Wingstop has a 1-year low of $47.83 and a 1-year high of $98.60.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Tuesday, May 7th. The restaurant operator reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $48.05 million during the quarter, compared to analysts’ expectations of $45.68 million. Wingstop had a negative return on equity of 13.31% and a net margin of 13.52%. The firm’s revenue for the quarter was up 28.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. Equities analysts forecast that Wingstop will post 0.74 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Thursday, June 6th. Wingstop’s dividend payout ratio (DPR) is 42.86%.
In related news, Director Michael J. Hislop sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $89.05, for a total transaction of $445,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles R. Morrison sold 20,009 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was 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 $9,606,846.70. The disclosure for this sale can be found here. Insiders have sold a total of 29,678 shares of company stock valued at $2,374,961 over the last three months. 1.00% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the stock. Federated Investors Inc. PA lifted its stake in shares of Wingstop by 2.0% during the 1st quarter. Federated Investors Inc. PA now owns 886,164 shares of the restaurant operator’s stock worth $67,375,000 after acquiring an additional 17,076 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Wingstop by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 828,020 shares of the restaurant operator’s stock valued at $53,152,000 after purchasing an additional 18,474 shares in the last quarter. FMR LLC raised its position in Wingstop by 1.6% during the 1st quarter. FMR LLC now owns 755,476 shares of the restaurant operator’s stock valued at $57,439,000 after purchasing an additional 12,049 shares in the last quarter. Wells Fargo & Company MN raised its position in Wingstop by 44.3% during the 1st quarter. Wells Fargo & Company MN now owns 542,169 shares of the restaurant operator’s stock valued at $41,221,000 after purchasing an additional 166,571 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in Wingstop by 9.5% during the 1st quarter. OppenheimerFunds Inc. now owns 517,626 shares of the restaurant operator’s stock valued at $39,355,000 after purchasing an additional 44,742 shares in the last quarter.
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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