Wingstop Inc. (WING) Given Average Recommendation of “Buy” by Brokerages
Shares of Wingstop Inc. (NASDAQ:WING) have been given a consensus recommendation of “Buy” by the thirteen research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $37.11.
Several brokerages have recently commented on WING. Cowen reissued an “outperform” rating and set a $37.00 price target on shares of Wingstop in a research note on Wednesday, August 9th. BidaskClub upgraded Wingstop from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Robert W. Baird restated a “buy” rating and set a $44.00 price objective (up from $30.00) on shares of Wingstop in a research report on Monday. Guggenheim downgraded Wingstop from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 29th. Finally, Stifel Nicolaus began coverage on Wingstop in a research report on Monday, October 2nd. They set a “hold” rating and a $35.00 price objective for the company.
Shares of Wingstop (NASDAQ WING) traded down $0.63 during trading hours on Thursday, hitting $39.19. The stock had a trading volume of 303,300 shares, compared to its average volume of 496,270. The stock has a market cap of $1,158.56, a price-to-earnings ratio of 55.31, a price-to-earnings-growth ratio of 2.81 and a beta of 0.69. The company has a debt-to-equity ratio of -2.37, a current ratio of 0.89 and a quick ratio of 0.89. Wingstop has a fifty-two week low of $24.74 and a fifty-two week high of $40.59.
The business also recently disclosed a None dividend, which will be paid on Tuesday, December 19th. Investors of record on Monday, December 4th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a dividend yield of 0.77%. Wingstop’s dividend payout ratio is currently 19.44%.
In other Wingstop news, insider Lawrence Kruguer sold 10,526 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $33.67, for a total value of $354,410.42. Following the completion of the transaction, the insider now directly owns 22,116 shares in the company, valued at approximately $744,645.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Flynn Dekker sold 16,350 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total value of $584,839.50. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Fortaleza Asset Management Inc. acquired a new position in Wingstop in the 2nd quarter valued at $108,000. Riverhead Capital Management LLC raised its holdings in Wingstop by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock valued at $108,000 after acquiring an additional 1,396 shares during the last quarter. Pinebridge Investments L.P. raised its holdings 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 acquiring an additional 52 shares during the last quarter. Turner Investments LLC acquired a new position in Wingstop in the 3rd quarter valued at $150,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Wingstop during the 3rd quarter worth $210,000.
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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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