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.
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.
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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