Wingstop (NASDAQ:WING) Earns “Hold” Rating from Wedbush

Wedbush reiterated their hold rating on shares of Wingstop (NASDAQ:WING) in a report published on Friday morning, AnalystRatings.com reports. Wedbush currently has a $92.00 target price on the restaurant operator’s stock.

Several other equities analysts have also issued reports on the company. Stephens lowered Wingstop from an overweight rating to an equal weight rating and set a $93.00 target price on the stock. in a research note on Friday, June 28th. BMO Capital Markets reiterated an outperform rating and issued a $108.00 target price (up previously from $84.00) on shares of Wingstop in a research note on Monday, June 24th. Stifel Nicolaus upgraded Wingstop from a hold rating to a buy rating and lifted their target price for the company from $80.00 to $92.00 in a research note on Monday, June 3rd. Wells Fargo & Co lifted their target price on Wingstop from $85.00 to $111.00 and gave the company an outperform rating in a research note on Monday, July 22nd. Finally, Goldman Sachs Group started coverage on Wingstop in a research note on Monday, July 29th. They issued a buy rating and a $135.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. Wingstop currently has a consensus rating of Hold and a consensus price target of $89.93.

Shares of Wingstop stock opened at $91.86 on Friday. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 109.36, a P/E/G ratio of 6.49 and a beta of 0.85. Wingstop has a 12 month low of $56.95 and a 12 month high of $99.76. The company’s fifty day moving average price is $94.35.

Wingstop (NASDAQ:WING) last posted its earnings results on Thursday, August 1st. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Wingstop had a negative return on equity of 11.09% and a net margin of 11.54%. The company had revenue of $48.56 million for the quarter, compared to analyst estimates of $47.53 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. Equities analysts forecast that Wingstop will post 0.73 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Thursday, August 29th. This is an increase from Wingstop’s previous quarterly dividend of $0.09. Wingstop’s dividend payout ratio (DPR) is currently 42.86%.

In other Wingstop news, Director Michael J. Hislop sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $89.05, for a total value of $445,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles R. Morrison sold 20,009 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $78.10, for a total value of $1,562,702.90. Following the completion of the sale, the chief executive officer now directly owns 123,007 shares of the company’s stock, valued at approximately $9,606,846.70. The disclosure for this sale can be found here. In the last three months, insiders sold 29,678 shares of company stock valued at $2,374,961. Corporate insiders own 1.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA lifted its holdings in shares of Wingstop by 2.0% during the first quarter. Federated Investors Inc. PA now owns 886,164 shares of the restaurant operator’s stock worth $67,375,000 after purchasing an additional 17,076 shares during the period. FMR LLC lifted its holdings in shares of Wingstop by 1.6% during the first quarter. FMR LLC now owns 755,476 shares of the restaurant operator’s stock worth $57,439,000 after purchasing an additional 12,049 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Wingstop by 44.3% during the first quarter. Wells Fargo & Company MN now owns 542,169 shares of the restaurant operator’s stock worth $41,221,000 after purchasing an additional 166,571 shares during the period. OppenheimerFunds Inc. lifted its holdings in shares of Wingstop by 9.5% during the first quarter. OppenheimerFunds Inc. now owns 517,626 shares of the restaurant operator’s stock worth $39,355,000 after purchasing an additional 44,742 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Wingstop by 8.5% during the fourth quarter. Geode Capital Management LLC now owns 356,526 shares of the restaurant operator’s stock worth $22,885,000 after purchasing an additional 27,837 shares during the period.

About Wingstop

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 December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.

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