Wingstop Inc. (NASDAQ:WING) shares reached a new 52-week high on Tuesday . The stock traded as high as $40.09 and last traded at $38.95, with a volume of 580000 shares. The stock had previously closed at $38.10.
Several research firms have weighed in on WING. Cowen and Company reaffirmed an “outperform” rating and set a $37.00 price target on shares of Wingstop in a research report on Wednesday, August 9th. Wedbush boosted their price target on Wingstop from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. BidaskClub raised Wingstop from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised Wingstop from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Robert W. Baird reiterated a “buy” rating and set a $39.00 target price on shares of Wingstop in a research note on Friday. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $36.10.
The company has a debt-to-equity ratio of -2.37, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $1,108.52, a P/E ratio of 52.92, a P/E/G ratio of 2.69 and a beta of 0.58.
Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $26.03 million during the quarter, compared to the consensus estimate of $25.13 million. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. research analysts predict that Wingstop Inc. will post 0.73 earnings per share for the current fiscal year.
The company also recently declared a None dividend, which will be paid on Tuesday, December 19th. Investors of record on Monday, December 4th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a yield of 0.77%. Wingstop’s dividend payout ratio (DPR) is presently 9.72%.
In related news, Chairman Charles R. Morrison sold 25,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $34.71, for a total value of $867,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stacy Peterson sold 11,557 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $34.60, for a total value of $399,872.20. The disclosure for this sale can be found here. Insiders sold a total of 63,433 shares of company stock valued at $2,206,872 over the last 90 days. 1.76% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. boosted its stake in Wingstop by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock valued at $118,000 after purchasing an additional 52 shares during the period. Arizona State Retirement System boosted its stake in Wingstop by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 15,100 shares of the restaurant operator’s stock valued at $467,000 after purchasing an additional 100 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in Wingstop by 3.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,810 shares of the restaurant operator’s stock valued at $210,000 after acquiring an additional 210 shares in the last quarter. Texas Permanent School Fund raised its holdings in Wingstop by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 21,156 shares of the restaurant operator’s stock valued at $654,000 after acquiring an additional 258 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in Wingstop by 2.5% in the 1st quarter. Teachers Advisors LLC now owns 25,500 shares of the restaurant operator’s stock valued at $721,000 after acquiring an additional 619 shares in the last quarter.
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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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