Tag Archives: WING

Wingstop (WING) Downgraded by BidaskClub to “Buy”

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.

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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.

Analyst Recommendations for Wingstop (NASDAQ:WING)

Michael Skipworth Sells 1,860 Shares of Wingstop (WING) Stock

Wingstop (NASDAQ:WING) insider Michael Skipworth sold 1,860 shares of the business’s stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $54.52, for a total transaction of $101,407.20. Following the sale, the insider now directly owns 3,342 shares in the company, valued at approximately $182,205.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Michael Skipworth also recently made the following trade(s):

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On Thursday, May 10th, Michael Skipworth sold 4,360 shares of Wingstop stock. The shares were sold at an average price of $53.75, for a total transaction of $234,350.00. On Thursday, March 1st, Michael Skipworth sold 265 shares of Wingstop stock. The shares were sold at an average price of $44.93, for a total transaction of $11,906.45.

Wingstop stock opened at $52.15 on Friday. The firm has a market capitalization of $1.55 billion, a PE ratio of 70.47, a PEG ratio of 3.37 and a beta of 0.90. Wingstop has a fifty-two week low of $51.80 and a fifty-two week high of $53.34. The company has a current ratio of 0.73, a quick ratio of 0.84 and a debt-to-equity ratio of -1.49.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, May 3rd. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.05. The firm had revenue of $37.40 million for the quarter, compared to analysts’ expectations of $36.34 million. Wingstop had a net margin of 23.15% and a negative return on equity of 28.86%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 earnings per share. sell-side analysts anticipate that Wingstop will post 0.81 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 18th. Stockholders of record on Monday, June 4th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, June 1st. This represents a $0.28 annualized dividend and a dividend yield of 0.54%. Wingstop’s payout ratio is currently 28.38%.

A number of brokerages have issued reports on WING. BidaskClub cut shares of Wingstop from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Investment Research raised shares of Wingstop from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a report on Thursday. Morgan Stanley boosted their target price on shares of Wingstop from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, May 4th. Deutsche Bank set a $49.00 target price on shares of Wingstop and gave the company a “hold” rating in a report on Friday, May 4th. Finally, Stifel Nicolaus boosted their target price on shares of Wingstop from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, May 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $50.21.

Several institutional investors have recently added to or reduced their stakes in WING. Schwab Charles Investment Management Inc. increased its holdings in shares of Wingstop by 12.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 140,064 shares of the restaurant operator’s stock worth $4,658,000 after purchasing an additional 15,489 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Wingstop by 39.0% in the third 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 period. SG Capital Management LLC bought a new position in shares of Wingstop in the fourth quarter worth $5,371,000. Engineers Gate Manager LP increased its stake in Wingstop by 38.0% in the fourth quarter. Engineers Gate Manager LP now owns 60,315 shares of the restaurant operator’s stock valued at $2,351,000 after acquiring an additional 16,606 shares during the last quarter. Finally, Fortaleza Asset Management Inc. increased its stake in Wingstop by 71.0% in the fourth quarter. Fortaleza Asset Management Inc. now owns 5,960 shares of the restaurant operator’s stock valued at $232,000 after acquiring an additional 2,475 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 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.

Insider Buying and Selling by Quarter for Wingstop (NASDAQ:WING)