Stifel Nicolaus upgraded shares of Wingstop Inc. (NASDAQ:WING) from a hold rating to a buy rating in a research note released on Friday, MarketBeat reports. They currently have $40.00 price target on the restaurant operator’s stock, up from their prior price target of $35.00.
WING has been the subject of a number of other research reports. Zacks Investment Research downgraded Wingstop from a hold rating to a sell rating in a report on Friday, July 21st. BidaskClub downgraded Wingstop from a buy rating to a hold rating in a report on Thursday, July 13th. Wedbush reiterated a buy rating and issued a $36.00 price objective on shares of Wingstop in a report on Thursday, July 6th. Robert W. Baird restated a buy rating and set a $39.00 price target on shares of Wingstop in a report on Monday, October 9th. Finally, Cowen and Company reaffirmed an outperform rating and set a $37.00 price objective on shares of Wingstop in a research report on Saturday, September 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $35.56.
Wingstop (WING) opened at $36.41 on Friday. The firm has a market capitalization of $1,059.35, a price-to-earnings ratio of 50.57, a PEG ratio of 2.57 and a beta of 0.58. The company has a current ratio of 0.89, a quick ratio of 0.90 and a debt-to-equity ratio of -2.37.
Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The company had revenue of $26.03 million during the quarter, compared to analyst estimates of $25.13 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Wingstop’s revenue was up 19.4% on a year-over-year basis. analysts anticipate that Wingstop will post 0.73 EPS for the current year.
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The business also recently declared a None dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Monday, December 4th will be given a $0.07 dividend. The ex-dividend date is Friday, December 1st. Wingstop’s payout ratio is 9.72%.
In other Wingstop news, Chairman Charles R. Morrison sold 25,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $34.71, for a total transaction of $867,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lawrence Kruguer sold 10,526 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $33.67, for a total value of $354,410.42. Following the sale, the insider now owns 22,116 shares in the company, valued at approximately $744,645.72. The disclosure for this sale can be found here. Insiders have sold a total of 47,083 shares of company stock worth $1,622,033 over the last ninety days. 1.76% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of WING. Pinebridge Investments L.P. raised its holdings in shares of Wingstop by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock valued at $118,000 after acquiring an additional 52 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Wingstop by 0.7% during the second quarter. Arizona State Retirement System now owns 15,100 shares of the restaurant operator’s stock valued at $467,000 after acquiring an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Wingstop by 3.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,810 shares of the restaurant operator’s stock valued at $210,000 after acquiring an additional 210 shares during the last quarter. Texas Permanent School Fund increased its holdings in shares of Wingstop by 1.2% in the second quarter. Texas Permanent School Fund now owns 21,156 shares of the restaurant operator’s stock valued at $654,000 after purchasing an additional 258 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of Wingstop by 2.5% in the first quarter. Teachers Advisors LLC now owns 25,500 shares of the restaurant operator’s stock valued at $721,000 after purchasing an additional 619 shares during the last quarter.
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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