Wingstop (WING) Earns Buy Rating from SunTrust Banks

SunTrust Banks reaffirmed their buy rating on shares of Wingstop (NASDAQ:WING) in a report released on Wednesday morning. The brokerage currently has a $50.00 price objective on the restaurant operator’s stock. SunTrust Banks also issued estimates for Wingstop’s Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.93 EPS and FY2019 earnings at $1.16 EPS.

A number of other research firms have also weighed in on WING. Longbow Research started coverage on Wingstop in a research report on Friday, October 13th. They set a neutral rating on the stock. Cowen reaffirmed an outperform rating and set a $37.00 price objective on shares of Wingstop in a research report on Saturday, September 16th. Zacks Investment Research downgraded shares of Wingstop from a buy rating to a hold rating in a research note on Tuesday, November 14th. Robert W. Baird reiterated a buy rating and set a $44.00 target price (up previously from $30.00) on shares of Wingstop in a research note on Monday, December 4th. Finally, BidaskClub upgraded shares of Wingstop from a hold rating to a buy rating in a research note on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $39.75.

Shares of Wingstop (NASDAQ WING) opened at $39.70 on Wednesday. Wingstop has a 12-month low of $24.74 and a 12-month high of $43.25. The company has a debt-to-equity ratio of -2.37, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $1,160.00 and a price-to-earnings ratio of 55.14.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The business had revenue of $26.03 million for the quarter, compared to analyst estimates of $25.13 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The company’s revenue was up 19.4% on a year-over-year basis. research analysts forecast that Wingstop will post 0.73 EPS for the current fiscal year.

The business also recently disclosed a None dividend, which was paid on Tuesday, December 19th. Shareholders of record on Monday, December 4th were paid a $0.07 dividend. The ex-dividend date was Friday, December 1st. This represents a yield of 0.77%. Wingstop’s dividend payout ratio is presently 19.44%.

In other Wingstop news, insider Flynn Dekker sold 16,350 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total value of $584,839.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Hislop sold 5,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $41.03, for a total transaction of $205,150.00. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC boosted its stake in Wingstop by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock valued at $108,000 after acquiring an additional 1,396 shares in the last quarter. Pinebridge Investments L.P. boosted its stake in Wingstop by 1.4% in 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 in the last quarter. Turner Investments LLC acquired a new position in Wingstop in the third quarter valued at $150,000. Piedmont Investment Advisors LLC acquired a new position in Wingstop in the third quarter valued at $210,000. Finally, Bayesian Capital Management LP acquired a new position in Wingstop in the second quarter valued at $241,000.

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About Wingstop

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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