Wedbush upgraded shares of Wingstop (NASDAQ:WING) from a neutral rating to an outperform rating in a research report released on Thursday morning, MarketBeat Ratings reports. The firm currently has $59.00 price objective on the restaurant operator’s stock, up from their previous price objective of $51.00. Wedbush also issued estimates for Wingstop’s Q2 2018 earnings at $0.21 EPS, FY2018 earnings at $0.87 EPS, Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.29 EPS and FY2019 earnings at $1.05 EPS.
Other analysts have also recently issued reports about the company. Stifel Nicolaus upped their target price on Wingstop from $56.00 to $58.00 and gave the company a buy rating in a research report on Friday, May 4th. BTIG Research initiated coverage on Wingstop in a research report on Friday, April 20th. They issued a buy rating and a $59.00 target price for the company. ValuEngine raised Wingstop from a hold rating to a buy rating in a research report on Monday, April 2nd. BidaskClub cut Wingstop from a strong-buy rating to a buy rating in a research report on Saturday, May 12th. Finally, Barclays reissued an equal weight rating and issued a $40.00 target price (down from $44.00) on shares of Wingstop in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Wingstop has an average rating of Buy and a consensus price target of $50.79.
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Shares of Wingstop traded up $0.90, reaching $53.96, during mid-day trading on Thursday, according to MarketBeat Ratings. The company’s stock had a trading volume of 6,722 shares, compared to its average volume of 470,647. Wingstop has a 12-month low of $29.54 and a 12-month high of $55.85. The company has a market cap of $1.52 billion, a P/E ratio of 71.67, a PEG ratio of 3.22 and a beta of 0.90. The company has a debt-to-equity ratio of -1.49, a quick ratio of 0.73 and a current ratio of 0.73.
Wingstop (NASDAQ:WING) last released its quarterly earnings data on Thursday, May 3rd. The restaurant operator reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Wingstop had a negative return on equity of 28.86% and a net margin of 23.15%. The business had revenue of $37.40 million for the quarter, compared to the consensus estimate of $36.34 million. During the same quarter in the prior year, the business posted $0.22 EPS. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. analysts predict that Wingstop will post 0.83 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 18th. Shareholders of record on Monday, June 4th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, June 1st. This represents a $0.28 dividend on an annualized basis and a yield of 0.52%. Wingstop’s payout ratio is 37.84%.
In other news, insider Stacy Peterson sold 12,350 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $48.04, for a total value of $593,294.00. Following the completion of the sale, the insider now directly owns 39,423 shares of the company’s stock, valued at approximately $1,893,880.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Skipworth sold 4,360 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $53.75, for a total value of $234,350.00. Following the completion of the sale, the insider now directly owns 3,342 shares of the company’s stock, valued at $179,632.50. The disclosure for this sale can be found here. Insiders have sold a total of 55,264 shares of company stock valued at $2,787,533 over the last ninety days. 1.76% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers lifted its holdings in shares of Wingstop by 16.6% in the 4th quarter. Rhumbline Advisers now owns 64,644 shares of the restaurant operator’s stock valued at $2,520,000 after buying an additional 9,224 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Wingstop in the 4th quarter valued at approximately $389,000. American Century Companies Inc. acquired a new stake in shares of Wingstop in the 4th quarter valued at approximately $2,389,000. Geode Capital Management LLC lifted its holdings in shares of Wingstop by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 274,936 shares of the restaurant operator’s stock valued at $10,716,000 after buying an additional 7,928 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of Wingstop by 226.0% in the 4th quarter. Arizona State Retirement System now owns 48,901 shares of the restaurant operator’s stock valued at $1,906,000 after buying an additional 33,901 shares during the period.
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.