Wingstop (NASDAQ:WING)’s share price hit a new 52-week high and low on Monday after Morgan Stanley raised their price target on the stock from $50.00 to $52.00. Morgan Stanley currently has an overweight rating on the stock. Wingstop traded as low as $51.73 and last traded at $51.45, with a volume of 943155 shares. The stock had previously closed at $48.28.
A number of other equities analysts also recently weighed in on WING. SunTrust Banks set a $52.00 target price on shares of Wingstop and gave the stock a “buy” rating in a research note on Thursday, January 11th. ValuEngine raised shares of Wingstop from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Deutsche Bank reissued a “hold” rating and set a $40.00 target price (up previously from $38.00) on shares of Wingstop in a research note on Friday, February 23rd. Robert W. Baird reissued a “buy” rating and set a $49.00 target price on shares of Wingstop in a research note on Wednesday, January 3rd. Finally, Wedbush reissued a “buy” rating and set a $41.00 target price on shares of Wingstop in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $45.92.
In other Wingstop news, insider Stacy Peterson sold 12,350 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 39,423 shares in the company, valued at $1,893,880.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Hislop sold 5,000 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $48.30, for a total transaction of $241,500.00. The disclosure for this sale can be found here. Insiders sold 41,120 shares of company stock valued at $1,951,212 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.
The company has a debt-to-equity ratio of -2.69, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $1,407.67, a P/E ratio of 69.22, a price-to-earnings-growth ratio of 3.25 and a beta of 0.90.
Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.17 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 25.87% and a negative return on equity of 37.25%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the company posted $0.15 earnings per share. equities research analysts forecast that Wingstop will post 0.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Thursday, March 8th. Wingstop’s payout ratio is 28.38%.
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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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