Wingstop Inc (NASDAQ:WING) Given Consensus Rating of “Hold” by Brokerages

Shares of Wingstop Inc (NASDAQ:WING) have been given an average rating of “Hold” by the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $74.93.

Several equities research analysts have recently commented on the company. Wells Fargo & Co lifted their target price on Wingstop from $76.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Zacks Investment Research cut Yatra Online from a “hold” rating to a “sell” rating in a research note on Saturday, July 6th. Stephens set a $53.00 price objective on Domtar and gave the stock a “buy” rating in a research note on Friday, June 28th. BMO Capital Markets set a $45.00 price objective on Chemours and gave the stock a “buy” rating in a research note on Monday, June 24th. Finally, Piper Jaffray Companies lifted their price objective on Boot Barn from $33.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th.

Shares of NASDAQ WING traded up $2.45 during midday trading on Friday, hitting $97.55. The stock had a trading volume of 15,013 shares, compared to its average volume of 354,422. The stock has a 50-day simple moving average of $89.25. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 115.73, a P/E/G ratio of 6.53 and a beta of 0.85. Wingstop has a fifty-two week low of $47.83 and a fifty-two week high of $95.91.

Wingstop (NASDAQ:WING) last released its earnings results on Tuesday, May 7th. The restaurant operator reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The company had revenue of $48.05 million during the quarter, compared to analysts’ expectations of $45.68 million. Wingstop had a negative return on equity of 13.31% and a net margin of 13.52%. The business’s revenue for the quarter was up 28.5% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS. As a group, sell-side analysts expect that Wingstop will post 0.74 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.36 annualized dividend and a yield of 0.37%. Wingstop’s dividend payout ratio is presently 42.86%.

In other Wingstop news, Director Michael J. Hislop sold 5,000 shares of Wingstop stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $89.05, for a total transaction of $445,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Charles R. Morrison sold 20,009 shares of Wingstop 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 transaction, the chief executive officer now owns 123,007 shares in the company, valued at $9,606,846.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,678 shares of company stock worth $2,374,961. Corporate insiders own 1.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of WING. LS Investment Advisors LLC lifted its holdings in shares of Wingstop by 4.6% in the first quarter. LS Investment Advisors LLC now owns 2,963 shares of the restaurant operator’s stock valued at $225,000 after purchasing an additional 130 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Wingstop by 0.3% in the first quarter. Arizona State Retirement System now owns 45,252 shares of the restaurant operator’s stock valued at $3,441,000 after purchasing an additional 136 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Wingstop by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,347 shares of the restaurant operator’s stock valued at $863,000 after purchasing an additional 205 shares in the last quarter. Comerica Bank lifted its holdings in shares of Wingstop by 0.7% in the fourth quarter. Comerica Bank now owns 28,489 shares of the restaurant operator’s stock valued at $1,896,000 after purchasing an additional 211 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Wingstop by 2.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,085 shares of the restaurant operator’s stock valued at $843,000 after purchasing an additional 250 shares in the last quarter.

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 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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Analyst Recommendations for Wingstop (NASDAQ:WING)

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