Media stories about Wingstop (NASDAQ:WING) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wingstop earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the restaurant operator an impact score of 46.0777498691641 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Air Fryer BBQ Boneless Chicken Wings (grumpyshoneybunch.com)
- Buffalo Wing Dip (cookiedoughandovenmitt.com)
- Wingstop Inc. (WING) Rating Reiterated by Robert W. Baird (americanbankingnews.com)
- Franchise: Wingstop Restaurants Inc. (entrepreneur.com)
- Midway madness: Arizona State Fair opens gates, fryers on Friday (ktar.com)
WING has been the subject of several research analyst reports. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research raised Wingstop from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Barclays PLC reaffirmed an “equal weight” rating and issued a $34.00 price objective (up from $32.00) on shares of Wingstop in a research note on Friday, August 4th. Wedbush reaffirmed a “buy” rating on shares of Wingstop in a research note on Friday, August 4th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Wingstop in a research note on Monday, June 26th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Wingstop presently has an average rating of “Buy” and a consensus price target of $34.89.
Wingstop (NASDAQ:WING) traded up 0.31% during trading on Wednesday, reaching $32.59. The company had a trading volume of 423,382 shares. The firm has a market capitalization of $947.46 million, a P/E ratio of 50.84 and a beta of 0.58. The company has a 50-day moving average of $33.54 and a 200-day moving average of $33.54. Wingstop has a 52-week low of $24.74 and a 52-week high of $35.91.
Wingstop (NASDAQ:WING) last released its earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $24.70 million during the quarter, compared to analyst estimates of $24.61 million. During the same quarter last year, the company earned $0.15 earnings per share. Analysts expect that Wingstop will post $0.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 18th. Shareholders of record on Sunday, September 3rd were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.86%. Wingstop’s dividend payout ratio (DPR) is 10.94%.
In other Wingstop news, insider Stacy Peterson sold 11,557 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $34.60, for a total value of $399,872.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lawrence Kruguer sold 10,526 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $33.67, for a total value of $354,410.42. Following the completion of the sale, the insider now owns 22,116 shares of the company’s stock, valued at $744,645.72. The disclosure for this sale can be found here. Insiders sold 47,083 shares of company stock valued at $1,622,033 over the last 90 days. 1.76% of the stock is currently owned by insiders.
Wingstop Company Profile
Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.
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