Wingstop (WING) – Investment Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Wingstop (NASDAQ: WING):

  • 12/3/2019 – Wingstop was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 12/3/2019 – Wingstop was upgraded by analysts at BTIG Research from a “neutral” rating to a “buy” rating.
  • 11/28/2019 – Wingstop was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 11/25/2019 – Wingstop was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $92.00 price target on the stock.
  • 11/21/2019 – Wingstop was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 11/6/2019 – Wingstop was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 11/1/2019 – Wingstop was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/31/2019 – Wingstop had its price target raised by analysts at Morgan Stanley from $86.00 to $87.00. They now have an “equal weight” rating on the stock.
  • 10/25/2019 – Wingstop was given a new $88.00 price target on by analysts at Wedbush. They now have a “hold” rating on the stock.
  • 10/23/2019 – Wingstop was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/17/2019 – Wingstop was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/8/2019 – Wingstop was given a new $108.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 10/8/2019 – Wingstop is now covered by analysts at Loop Capital. They set a “buy” rating and a $100.00 price target on the stock.

Shares of WING traded down $0.09 during midday trading on Friday, reaching $80.10. The stock had a trading volume of 5,147 shares, compared to its average volume of 486,572. The company has a market capitalization of $2.36 billion, a P/E ratio of 95.36, a P/E/G ratio of 6.15 and a beta of 0.76. The firm’s 50 day moving average price is $80.53 and its 200-day moving average price is $89.26. Wingstop Inc has a 52 week low of $56.95 and a 52 week high of $107.43.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, October 30th. The restaurant operator reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.03. Wingstop had a negative return on equity of 9.95% and a net margin of 10.61%. The business had revenue of $49.88 million during the quarter, compared to analysts’ expectations of $49.26 million. During the same quarter last year, the business posted $0.21 earnings per share. The company’s quarterly revenue was up 30.4% on a year-over-year basis. Sell-side analysts expect that Wingstop Inc will post 0.77 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Tuesday, November 26th. Wingstop’s payout ratio is 52.38%.

In related news, CEO Charles R. Morrison sold 20,000 shares of Wingstop stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $75.80, for a total value of $1,516,000.00. Following the transaction, the chief executive officer now directly owns 88,645 shares in the company, valued at approximately $6,719,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Skipworth sold 2,000 shares of Wingstop stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.42, for a total value of $164,840.00. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in WING. Invesco Ltd. lifted its stake in Wingstop by 375.0% during the second quarter. Invesco Ltd. now owns 1,165,972 shares of the restaurant operator’s stock valued at $110,476,000 after buying an additional 920,513 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Wingstop by 1,486.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 285,846 shares of the restaurant operator’s stock worth $27,083,000 after purchasing an additional 267,833 shares during the period. Morgan Stanley boosted its stake in Wingstop by 98.4% in the 2nd quarter. Morgan Stanley now owns 473,994 shares of the restaurant operator’s stock worth $44,911,000 after purchasing an additional 235,091 shares during the period. Vanguard Group Inc. boosted its stake in Wingstop by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,389,552 shares of the restaurant operator’s stock worth $321,159,000 after purchasing an additional 204,867 shares during the period. Finally, Millennium Management LLC grew its position in Wingstop by 1,252.3% during the 3rd quarter. Millennium Management LLC now owns 133,689 shares of the restaurant operator’s stock worth $11,668,000 after purchasing an additional 123,803 shares in the last quarter.

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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