Shares of Wingstop Inc (NASDAQ:WING) have earned an average rating of “Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, seven have given a buy recommendation and two have 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 $63.07.
A number of research firms recently commented on WING. BidaskClub upgraded Wingstop from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Zacks Investment Research upgraded Wingstop from a “sell” rating to a “hold” rating in a research report on Saturday. Gordon Haskett initiated coverage on Wingstop in a research report on Thursday, October 18th. They issued a “buy” rating and a $81.00 price objective on the stock. Robert W. Baird increased their price objective on Wingstop from $53.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, October 12th. Finally, SunTrust Banks increased their price target on Wingstop from $62.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 3rd.
In related news, insider Lawrence Kruguer sold 2,600 shares of Wingstop stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $62.41, for a total transaction of $162,266.00. Following the completion of the transaction, the insider now owns 5,531 shares in the company, valued at $345,189.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by company insiders.
Shares of WING opened at $69.99 on Friday. Wingstop has a 1 year low of $41.76 and a 1 year high of $75.58. The company has a market capitalization of $2.08 billion, a PE ratio of 94.58, a P/E/G ratio of 4.22 and a beta of 0.99.
Wingstop (NASDAQ:WING) last issued its earnings results on Monday, October 29th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. Wingstop had a negative return on equity of 21.61% and a net margin of 21.14%. The business had revenue of $38.25 million during the quarter, compared to analysts’ expectations of $38.02 million. During the same period in the prior year, the firm posted $0.16 EPS. Wingstop’s quarterly revenue was up 15.5% compared to the same quarter last year. Research analysts predict that Wingstop will post 0.86 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 18th. Stockholders of record on Tuesday, December 4th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, December 3rd. Wingstop’s payout ratio is 48.65%.
Wingstop Company Profile
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.
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