Wingstop (WING) Given Consensus Rating of “Buy” by Brokerages

Wingstop (NASDAQ:WING) has earned an average rating of “Buy” from the seventeen research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $44.82.

WING has been the subject of several research reports. Deutsche Bank initiated coverage on Wingstop in a report on Monday, December 18th. They set a “hold” rating and a $38.00 price target for the company. BidaskClub cut Wingstop from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. Jefferies Group cut Wingstop from a “hold” rating to an “underperform” rating and lifted their price objective for the company from $29.00 to $34.00 in a report on Friday, December 22nd. Robert W. Baird reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Wingstop in a report on Wednesday, January 3rd. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Wingstop in a report on Wednesday, January 3rd.

Shares of NASDAQ WING traded up $2.75 during midday trading on Wednesday, hitting $51.03. 797,374 shares of the company’s stock were exchanged, compared to its average volume of 573,344. The company has a market capitalization of $1,407.67, a P/E ratio of 67.95, a P/E/G ratio of 3.25 and a beta of 0.90. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of -2.69. Wingstop has a 12 month low of $27.78 and a 12 month high of $51.45.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The business had revenue of $28.29 million during the quarter, compared to analysts’ expectations of $27.49 million. Wingstop had a negative return on equity of 37.25% and a net margin of 25.87%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $0.15 EPS. analysts predict that Wingstop will post 0.76 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.28 annualized dividend and a yield of 0.55%. Wingstop’s dividend payout ratio is presently 28.38%.

In other news, Chairman Charles R. Morrison sold 1,476 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $48.13, for a total transaction of $71,039.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles R. Morrison sold 11,000 shares of the business’s stock in a transaction on Monday, April 9th. The stock was sold at an average price of $48.20, for a total value of $530,200.00. The disclosure for this sale can be found here. Insiders sold a total of 41,120 shares of company stock valued at $1,951,212 over the last ninety days. Insiders own 1.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC acquired a new position in shares of Wingstop during the 3rd quarter worth $210,000. First Mercantile Trust Co. bought a new stake in Wingstop during the 4th quarter worth $223,000. Fortaleza Asset Management Inc. grew its position in Wingstop by 71.0% during the 4th quarter. Fortaleza Asset Management Inc. now owns 5,960 shares of the restaurant operator’s stock worth $232,000 after acquiring an additional 2,475 shares during the last quarter. Meadow Creek Investment Management LLC grew its position in Wingstop by 25.7% during the 4th quarter. Meadow Creek Investment Management LLC now owns 5,984 shares of the restaurant operator’s stock worth $233,000 after acquiring an additional 1,224 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in Wingstop during the 4th quarter worth $278,000.

TRADEMARK VIOLATION WARNING: “Wingstop (WING) Given Consensus Rating of “Buy” by Brokerages” was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.chaffeybreeze.com/2018/04/16/wingstop-wing-given-consensus-rating-of-buy-by-brokerages.html.

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.

Analyst Recommendations for Wingstop (NASDAQ:WING)

Receive News & Ratings for Wingstop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply