Wingstop Inc (WING) Given Average Rating of “Hold” by Brokerages

Wingstop Inc (NASDAQ:WING) has received an average rating of “Hold” from the eighteen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $65.13.

A number of equities analysts have recently weighed in on the company. Guggenheim cut Wingstop from a “buy” rating to a “neutral” rating and set a $72.00 price target for the company. in a report on Tuesday. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. Zacks Investment Research cut Wingstop from a “buy” rating to a “hold” rating in a report on Saturday, March 2nd. Wedbush reissued a “buy” rating and issued a $74.00 price target (up from $69.00) on shares of Wingstop in a report on Wednesday, March 13th. Finally, BMO Capital Markets assumed coverage on Wingstop in a report on Tuesday, March 26th. They issued an “outperform” rating and a $71.76 price target for the company.

In other Wingstop news, insider Lawrence Kruguer sold 2,600 shares of the business’s 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 sale, the insider now owns 5,531 shares of the company’s stock, valued at $345,189.71. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Charles R. Morrison sold 20,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $69.10, for a total value of $1,382,000.00. Following the sale, the chairman now directly owns 128,998 shares of the company’s stock, valued at approximately $8,913,761.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,700 shares of company stock valued at $3,533,959. 1.70% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of WING. Vanguard Group Inc boosted its position in shares of Wingstop by 2.8% in the third quarter. Vanguard Group Inc now owns 2,893,632 shares of the restaurant operator’s stock worth $197,548,000 after buying an additional 77,875 shares during the period. New York State Teachers Retirement System boosted its position in shares of Wingstop by 26.8% in the fourth quarter. New York State Teachers Retirement System now owns 33,935 shares of the restaurant operator’s stock worth $2,178,000 after buying an additional 7,170 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Wingstop in the third quarter worth about $1,567,000. BlackRock Inc. boosted its position in shares of Wingstop by 2.9% in the third quarter. BlackRock Inc. now owns 4,143,057 shares of the restaurant operator’s stock worth $282,846,000 after buying an additional 115,194 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Wingstop by 13.1% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,989 shares of the restaurant operator’s stock worth $477,000 after buying an additional 811 shares during the period.

Shares of NASDAQ WING traded up $0.44 during trading on Wednesday, reaching $73.00. The company had a trading volume of 364,271 shares, compared to its average volume of 585,767. Wingstop has a twelve month low of $45.91 and a twelve month high of $77.05. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 86.90, a price-to-earnings-growth ratio of 4.95 and a beta of 0.89.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, February 27th. The restaurant operator reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). Wingstop had a negative return on equity of 15.27% and a net margin of 14.18%. The company had revenue of $40.51 million during the quarter, compared to analyst estimates of $40.82 million. During the same period last year, the firm earned $0.36 earnings per share. The business’s revenue was up 15.1% compared to the same quarter last year. As a group, analysts forecast that Wingstop will post 0.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.36 annualized dividend and a yield of 0.49%. Wingstop’s payout ratio is currently 42.86%.

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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Analyst Recommendations for Wingstop (NASDAQ:WING)

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