BidaskClub cut shares of Wingstop (NASDAQ:WING) from a strong-buy rating to a buy rating in a report published on Saturday morning.
Several other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Wingstop from a sell rating to a hold rating in a report on Wednesday, March 21st. Barclays restated an equal weight rating and issued a $44.00 price target (up previously from $36.00) on shares of Wingstop in a report on Tuesday, January 16th. Wells Fargo restated an outperform rating and issued a $52.00 price target (up previously from $37.00) on shares of Wingstop in a report on Tuesday, January 23rd. Cowen restated an outperform rating and issued a $51.00 price target (up previously from $46.00) on shares of Wingstop in a report on Tuesday, February 6th. Finally, Stephens restated a buy rating and issued a $50.00 price target on shares of Wingstop in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $50.21.
Get Wingstop alerts:
Shares of NASDAQ:WING traded down $1.13 during trading hours on Friday, hitting $52.15. The company’s stock had a trading volume of 313,173 shares, compared to its average volume of 594,427. Wingstop has a 52 week low of $28.28 and a 52 week high of $55.85. The company has a debt-to-equity ratio of -1.49, a quick ratio of 0.84 and a current ratio of 0.73. The firm has a market cap of $1.55 billion, a P/E ratio of 70.47, a P/E/G ratio of 3.37 and a beta of 0.90.
Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Thursday, May 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. Wingstop had a net margin of 23.15% and a negative return on equity of 28.86%. The business had revenue of $37.40 million during the quarter, compared to analyst estimates of $36.34 million. During the same quarter in the previous year, the business posted $0.22 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. research analysts predict that Wingstop will post 0.81 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 18th. Stockholders of record on Monday, June 4th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, June 1st. Wingstop’s payout ratio is currently 28.38%.
In other news, insider Stacy Peterson sold 12,350 shares of Wingstop stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $48.04, for a total value of $593,294.00. Following the transaction, the insider now owns 39,423 shares of the company’s stock, valued at approximately $1,893,880.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Charles R. Morrison sold 11,000 shares of Wingstop stock in a transaction that occurred on Monday, April 9th. The stock was sold at an average price of $48.20, for a total transaction of $530,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,672 shares of company stock worth $2,688,461. Insiders own 1.76% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its position in Wingstop by 15,155.8% during the 1st quarter. Victory Capital Management Inc. now owns 944,638 shares of the restaurant operator’s stock worth $44,615,000 after purchasing an additional 938,446 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Wingstop during the 4th quarter worth approximately $6,167,000. Dimensional Fund Advisors LP grew its position in Wingstop by 39.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 547,583 shares of the restaurant operator’s stock worth $18,207,000 after purchasing an additional 153,675 shares during the last quarter. Two Sigma Investments LP grew its position in Wingstop by 102.5% during the 4th quarter. Two Sigma Investments LP now owns 274,079 shares of the restaurant operator’s stock worth $10,684,000 after purchasing an additional 138,725 shares during the last quarter. Finally, SG Capital Management LLC purchased a new stake in Wingstop during the 4th quarter worth approximately $5,371,000.
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 February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.