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.

Wingstop (NASDAQ:WING) last announced its quarterly 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 business had revenue of $26.03 million for the quarter, compared to analyst estimates of $25.13 million. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 EPS. sell-side analysts expect that Wingstop will post 0.73 EPS for the current year.

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.

TRADEMARK VIOLATION WARNING: “Wingstop Inc. (WING) Given Average Recommendation of “Buy” by Brokerages” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/07/wingstop-inc-wing-given-average-recommendation-of-buy-by-brokerages.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.

Analyst Recommendations for Wingstop (NASDAQ:WING)

Receive News & Ratings for Wingstop Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop Inc. and related companies with MarketBeat.com's FREE daily email newsletter.