Wingstop Inc. (WING) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Wingstop Inc. (NASDAQ:WING) from a buy rating to a hold rating in a research note published on Tuesday.

According to Zacks, “Wingstop Inc. franchises and operates restaurants. The Company’s operating segment consists of Franchise segment and Company segment. It offers cooked-to-order, hand-sauced and tossed chicken wings. Wingstop Inc. is headquartered in Dallas, Texas. “

Other equities analysts have also issued reports about the stock. Cowen and Company reissued a buy rating on shares of Wingstop in a research report on Thursday, August 24th. BidaskClub raised shares of Wingstop from a hold rating to a buy rating in a research report on Tuesday, August 22nd. Robert W. Baird reissued a buy rating and set a $39.00 price target on shares of Wingstop in a research report on Monday, October 9th. Wedbush reissued a buy rating on shares of Wingstop in a research report on Friday, August 4th. Finally, Stifel Nicolaus raised shares of Wingstop from a hold rating to a buy rating and raised their price target for the stock from $35.00 to $40.00 in a research report on Friday, November 3rd. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $36.10.

Shares of Wingstop (NASDAQ WING) traded up $0.74 during trading on Tuesday, hitting $39.69. 1,111,000 shares of the company traded hands, compared to its average volume of 501,510. The stock has a market cap of $1,133.25, a price-to-earnings ratio of 54.10, a P/E/G ratio of 2.75 and a beta of 0.58. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of -2.37. Wingstop has a 52-week low of $24.74 and a 52-week high of $40.51.

Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm had revenue of $26.03 million during 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%. Wingstop’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm posted $0.13 EPS. analysts anticipate that Wingstop will post 0.73 EPS for the current year.

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The firm also recently declared a None dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Monday, December 4th will be given a dividend of $0.07 per share. This represents a yield of 0.77%. The ex-dividend date is Friday, December 1st. Wingstop’s dividend payout ratio is presently 9.72%.

In other news, insider Flynn Dekker sold 16,350 shares of Wingstop stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total transaction of $584,839.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lawrence Kruguer sold 10,526 shares of Wingstop stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $33.67, for a total transaction of $354,410.42. Following the transaction, the insider now directly owns 22,116 shares of the company’s stock, valued at $744,645.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,433 shares of company stock valued at $2,206,872. Insiders own 1.76% of the company’s stock.

Large investors have recently bought and sold shares of the company. Pier Capital LLC purchased a new position in shares of Wingstop during the 2nd quarter valued at approximately $7,703,000. Goldman Sachs Group Inc. increased its holdings in shares of Wingstop by 56.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,453,769 shares of the restaurant operator’s stock valued at $44,921,000 after purchasing an additional 523,811 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Wingstop by 200,013.0% during the 1st quarter. BlackRock Inc. now owns 3,473,961 shares of the restaurant operator’s stock valued at $98,242,000 after purchasing an additional 3,472,225 shares in the last quarter. Cadence Capital Management LLC increased its holdings in shares of Wingstop by 85.2% during the 2nd quarter. Cadence Capital Management LLC now owns 18,300 shares of the restaurant operator’s stock valued at $565,000 after purchasing an additional 8,420 shares in the last quarter. Finally, Timpani Capital Management LLC purchased a new position in shares of Wingstop during the 2nd quarter valued at approximately $2,084,000.

About Wingstop

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.

Analyst Recommendations for Wingstop (NASDAQ:WING)

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