Wingstop (WING) Reaches New 52-Week High and Low After Analyst Upgrade

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.

How to Become a New Pot Stock Millionaire

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.

A number of large investors have recently bought and sold shares of WING. New York State Common Retirement Fund grew its holdings in Wingstop by 24.2% in the third quarter. New York State Common Retirement Fund now owns 60,989 shares of the restaurant operator’s stock worth $2,028,000 after purchasing an additional 11,873 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Wingstop by 12.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 140,064 shares of the restaurant operator’s stock worth $4,658,000 after purchasing an additional 15,489 shares during the period. Dimensional Fund Advisors LP grew its holdings in Wingstop by 39.0% in the third quarter. Dimensional Fund Advisors LP now owns 547,583 shares of the restaurant operator’s stock worth $18,207,000 after purchasing an additional 153,675 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Wingstop in the third quarter worth $350,000. Finally, Sterling Capital Management LLC grew its holdings in Wingstop by 46.5% in the third quarter. Sterling Capital Management LLC now owns 38,705 shares of the restaurant operator’s stock worth $1,287,000 after purchasing an additional 12,287 shares during the period.

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%.

COPYRIGHT VIOLATION WARNING: “Wingstop (WING) Reaches New 52-Week High and Low After Analyst Upgrade” was published by Week Herald and is owned by of Week Herald. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://weekherald.com/2018/04/18/wingstop-wing-reaches-new-52-week-high-and-low-after-analyst-upgrade.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.

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