Stifel Nicolaus began coverage on shares of Wingstop Inc. (NASDAQ:WING) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage issued a hold rating and a $35.00 price objective on the restaurant operator’s stock.
Other research analysts have also recently issued reports about the company. Cowen and Company restated a buy rating on shares of Wingstop in a research note on Thursday, August 24th. BidaskClub upgraded Wingstop from a hold rating to a buy rating in a research note on Tuesday, August 22nd. Wedbush restated a buy rating on shares of Wingstop in a research note on Friday, August 4th. Barclays PLC restated an equal weight rating and issued a $34.00 price objective (up from $32.00) on shares of Wingstop in a research note on Friday, August 4th. Finally, Zacks Investment Research upgraded Wingstop from a sell rating to a hold rating in a research note on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $34.38.
Wingstop (WING) opened at 33.24 on Monday. Wingstop has a 12 month low of $24.74 and a 12 month high of $35.61. The firm has a 50-day moving average price of $33.70 and a 200-day moving average price of $33.70. The stock has a market cap of $966.35 million, a price-to-earnings ratio of 51.86 and a beta of 0.58.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Wingstop had a negative return on equity of 28.04% and a net margin of 19.28%. The company had revenue of $24.70 million during the quarter, compared to analysts’ expectations of $24.61 million. During the same period last year, the business posted $0.15 earnings per share. Equities research analysts expect that Wingstop will post $0.72 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Sunday, September 3rd were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, August 30th. Wingstop’s dividend payout ratio (DPR) is 10.94%.
In related news, insider Stacy Peterson sold 11,557 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $34.60, for a total transaction of $399,872.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lawrence Kruguer sold 10,526 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $33.67, for a total value of $354,410.42. Following the sale, the insider now directly owns 22,116 shares in the company, valued at $744,645.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,083 shares of company stock worth $1,622,033. 1.76% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Fortaleza Asset Management Inc. acquired a new stake in Wingstop during the second quarter worth about $108,000. Riverhead Capital Management LLC grew its holdings in Wingstop by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock worth $108,000 after acquiring an additional 1,396 shares during the period. Pinebridge Investments L.P. grew its holdings in Wingstop by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock worth $118,000 after acquiring an additional 52 shares during the period. State of Alaska Department of Revenue grew its holdings in Wingstop by 79.3% during the second quarter. State of Alaska Department of Revenue now owns 5,720 shares of the restaurant operator’s stock worth $176,000 after acquiring an additional 2,530 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in Wingstop by 16.2% during the first quarter. BNP Paribas Arbitrage SA now owns 5,767 shares of the restaurant operator’s stock worth $163,000 after acquiring an additional 804 shares during the period.
Wingstop Company Profile
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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