Jefferies Group downgraded shares of Wingstop (NASDAQ:WING) from a hold rating to an underperform rating in a research note released on Friday, December 22nd, Marketbeat Ratings reports. Jefferies Group currently has $34.00 price target on the restaurant operator’s stock, up from their prior price target of $29.00. Jefferies Group also issued estimates for Wingstop’s FY2017 earnings at $0.73 EPS, Q1 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.81 EPS and FY2019 earnings at $1.02 EPS.
Other analysts have also issued research reports about the stock. Goldman Sachs Group reaffirmed a buy rating and issued a $41.00 price objective on shares of Wingstop in a research report on Wednesday, November 29th. Cowen reaffirmed a buy rating and issued a $41.00 price objective on shares of Wingstop in a research report on Friday, November 24th. Robert W. Baird reiterated a buy rating and issued a $39.00 target price on shares of Wingstop in a research note on Monday, October 9th. Stifel Nicolaus upgraded shares of Wingstop from a hold rating to a buy rating and lifted their target price for the stock from $35.00 to $40.00 in a research note on Friday, November 3rd. Finally, BidaskClub upgraded shares of Wingstop from a hold rating to a buy rating in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Wingstop has an average rating of Hold and an average target price of $39.92.
Wingstop (NASDAQ:WING) traded up $0.83 on Friday, hitting $45.08. 468,231 shares of the company were exchanged, compared to its average volume of 543,076. The company has a debt-to-equity ratio of -2.37, a current ratio of 0.89 and a quick ratio of 0.89. Wingstop has a one year low of $24.74 and a one year high of $45.14. The company has a market capitalization of $1,287.45, a price-to-earnings ratio of 62.61, a P/E/G ratio of 2.73 and a beta of 0.69.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $26.03 million for the quarter, compared to analyst estimates of $25.13 million. Wingstop had a net margin of 20.70% and a negative return on equity of 32.39%. The firm’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. analysts predict that Wingstop will post 0.73 earnings per share for the current year.
The business also recently declared a None dividend, which was paid on Tuesday, December 19th. Shareholders of record on Monday, December 4th were paid a $0.07 dividend. The ex-dividend date was Friday, December 1st. This represents a yield of 0.77%. Wingstop’s dividend payout ratio is presently 19.44%.
In other Wingstop news, Director Michael J. Hislop sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $41.03, for a total value of $205,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Flynn Dekker sold 16,350 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total transaction of $584,839.50. The disclosure for this sale can be found here. 1.76% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Pier Capital LLC bought a new stake in shares of Wingstop in the 2nd quarter worth approximately $7,703,000. Goldman Sachs Group Inc. lifted its holdings in shares of Wingstop by 56.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,453,769 shares of the restaurant operator’s stock worth $44,921,000 after acquiring an additional 523,811 shares during the last quarter. Cadence Capital Management LLC lifted its holdings in shares of Wingstop by 85.2% in the 2nd quarter. Cadence Capital Management LLC now owns 18,300 shares of the restaurant operator’s stock worth $565,000 after acquiring an additional 8,420 shares during the last quarter. Sei Investments Co. bought a new stake in shares of Wingstop in the 3rd quarter worth approximately $495,000. Finally, ETRADE Capital Management LLC bought a new stake in shares of Wingstop in the 3rd quarter worth approximately $360,000.
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Wingstop Company Profile
Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.
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