Wingstop (NASDAQ:WING) had its price target upped by Stephens from $75.00 to $80.00 in a research note issued to investors on Wednesday morning, The Fly reports. Stephens currently has an overweight rating on the restaurant operator’s stock.
Several other equities research analysts have also recently weighed in on the company. BidaskClub raised Wingstop from a buy rating to a strong-buy rating in a research report on Thursday, April 11th. Wells Fargo & Co increased their price objective on Wingstop from $76.00 to $84.00 and gave the company an outperform rating in a research report on Monday. Zacks Investment Research raised Wingstop from a sell rating to a hold rating in a research report on Thursday, May 2nd. Guggenheim cut Wingstop from a buy rating to a neutral rating and set a $72.00 price objective for the company. in a research report on Tuesday, April 2nd. Finally, BMO Capital Markets initiated coverage on Wingstop in a research report on Tuesday, March 26th. They issued an outperform rating and a $71.76 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $69.85.
Shares of WING stock traded up $0.53 during mid-day trading on Wednesday, hitting $79.58. The stock had a trading volume of 17,347 shares, compared to its average volume of 555,587. Wingstop has a fifty-two week low of $47.83 and a fifty-two week high of $79.64. The stock has a market capitalization of $2.23 billion, a PE ratio of 94.68, a price-to-earnings-growth ratio of 5.06 and a beta of 0.85.
Wingstop (NASDAQ:WING) last released its earnings results on Tuesday, May 7th. The restaurant operator reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Wingstop had a net margin of 14.18% and a negative return on equity of 15.27%. The company had revenue of $48.05 million during the quarter, compared to analysts’ expectations of $45.68 million. During the same quarter last year, the business earned $0.25 EPS. The business’s revenue was up 28.5% on a year-over-year basis. Equities research analysts forecast that Wingstop will post 0.77 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.36 annualized dividend and a yield of 0.45%. Wingstop’s dividend payout ratio (DPR) is currently 42.86%.
In other Wingstop news, Chairman Charles R. Morrison sold 20,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $69.10, for a total value of $1,382,000.00. Following the completion of the transaction, the chairman now owns 128,998 shares of the company’s stock, valued at approximately $8,913,761.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Lawrence Kruguer sold 1,902 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $65.27, for a total value of $124,143.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,437 shares of company stock valued at $1,871,838. 1.00% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. LS Investment Advisors LLC lifted its holdings in shares of Wingstop by 4.6% in the first quarter. LS Investment Advisors LLC now owns 2,963 shares of the restaurant operator’s stock valued at $225,000 after purchasing an additional 130 shares in the last quarter. Arizona State Retirement System increased its position in shares of Wingstop by 0.3% during the first quarter. Arizona State Retirement System now owns 45,252 shares of the restaurant operator’s stock valued at $3,441,000 after acquiring an additional 136 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Wingstop by 1.9% during the fourth quarter. State of Alaska Department of Revenue now owns 9,805 shares of the restaurant operator’s stock valued at $629,000 after acquiring an additional 185 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Wingstop by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 11,347 shares of the restaurant operator’s stock valued at $863,000 after acquiring an additional 205 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Wingstop by 16.0% during the fourth quarter. Bank of Montreal Can now owns 1,525 shares of the restaurant operator’s stock valued at $98,000 after acquiring an additional 210 shares during 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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