Press coverage about Wingstop (NASDAQ:WING) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wingstop earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the restaurant operator an impact score of 46.2514444988105 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Wingstop in a research report on Monday, October 2nd. They set a “hold” rating and a $35.00 price objective for the company. Cowen reaffirmed an “outperform” rating and set a $37.00 price objective on shares of Wingstop in a research report on Saturday, September 16th. BidaskClub raised shares of Wingstop from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. Jefferies Group boosted their price objective on shares of Wingstop from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Finally, Goldman Sachs Group reaffirmed a “buy” rating and set a $41.00 price objective on shares of Wingstop in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $38.00.
Shares of Wingstop (WING) opened at $38.98 on Monday. The firm has a market cap of $1,150.00 and a P/E ratio of 54.14. Wingstop has a one year low of $24.74 and a one year high of $43.25. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of -2.37.
The business also recently declared a None dividend, which was paid on Tuesday, December 19th. Stockholders of record on Monday, December 4th were paid a $0.07 dividend. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, December 1st. Wingstop’s dividend payout ratio is currently 19.44%.
In other news, Director Michael J. Hislop sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $41.03, for a total value of $205,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Flynn Dekker sold 16,350 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total transaction of $584,839.50. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.
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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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