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.
TRADEMARK VIOLATION WARNING: “Wingstop Inc. (WING) Lowered to “Hold” at Zacks Investment Research” was originally posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.truebluetribune.com/2017/11/15/wingstop-inc-wing-lowered-to-hold-at-zacks-investment-research.html.
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.
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.
Receive News & Ratings for Wingstop Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop Inc. and related companies with MarketBeat.com's FREE daily email newsletter.