Wingstop (WING) Lowered to Hold at BidaskClub

BidaskClub lowered shares of Wingstop (NASDAQ:WING) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Several other equities research analysts have also commented on the stock. TheStreet upgraded shares of Wingstop from a c+ rating to a b rating in a research note on Friday, July 13th. SunTrust Banks raised their price target on shares of Wingstop from $62.00 to $72.00 and gave the company a buy rating in a research note on Wednesday, October 3rd. Guggenheim upgraded Wingstop from a neutral rating to a buy rating and set a $80.00 target price on the stock in a research report on Wednesday, October 3rd. Stifel Nicolaus raised their target price on Wingstop from $58.00 to $80.00 and gave the company a buy rating in a research report on Monday, August 27th. Finally, Stephens restated a buy rating and issued a $57.00 target price on shares of Wingstop in a research report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $64.13.

NASDAQ WING traded up $0.54 during trading hours on Wednesday, hitting $67.76. The company had a trading volume of 48,554 shares, compared to its average volume of 798,723. Wingstop has a fifty-two week low of $35.50 and a fifty-two week high of $75.58. The firm has a market capitalization of $1.89 billion, a PE ratio of 91.58, a P/E/G ratio of 3.84 and a beta of 1.10.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Monday, October 29th. The restaurant operator reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. Wingstop had a net margin of 21.14% and a negative return on equity of 21.61%. The business had revenue of $38.25 million for the quarter, compared to analysts’ expectations of $38.02 million. During the same quarter last year, the company earned $0.16 EPS. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities research analysts predict that Wingstop will post 0.86 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Tuesday, December 4th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Monday, December 3rd. Wingstop’s dividend payout ratio (DPR) is presently 48.65%.

In other news, Director Michael J. Hislop sold 5,900 shares of Wingstop stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $69.11, for a total value of $407,749.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stacy Peterson sold 3,437 shares of Wingstop stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $66.05, for a total transaction of $227,013.85. Following the completion of the transaction, the insider now owns 38,339 shares in the company, valued at approximately $2,532,290.95. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Alliancebernstein L.P. boosted its holdings in Wingstop by 830.3% in the 3rd quarter. Alliancebernstein L.P. now owns 795,240 shares of the restaurant operator’s stock valued at $54,291,000 after purchasing an additional 709,760 shares during the period. Eagle Asset Management Inc. boosted its holdings in Wingstop by 41.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 831,434 shares of the restaurant operator’s stock valued at $56,761,000 after purchasing an additional 241,596 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Wingstop by 13.1% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,989 shares of the restaurant operator’s stock valued at $477,000 after purchasing an additional 811 shares during the period. Sapphire Star Partners LP boosted its holdings in Wingstop by 5.4% in the 3rd quarter. Sapphire Star Partners LP now owns 15,885 shares of the restaurant operator’s stock valued at $1,084,000 after purchasing an additional 812 shares during the period. Finally, Hartford Investment Management Co. boosted its holdings in Wingstop by 86.5% in the 3rd quarter. Hartford Investment Management Co. now owns 8,146 shares of the restaurant operator’s stock valued at $556,000 after purchasing an additional 3,778 shares during the period.

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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