Headlines about Wingstop (NASDAQ:WING) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wingstop earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the restaurant operator an impact score of 47.4723249457189 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- Here’s What to Focus on – Wingstop Inc (NASDAQ: WING) – Alpha Beta Stock (alphabetastock.com)
- Flynn Dekker Sells 10,000 Shares of Wingstop Inc (WING) Stock (americanbankingnews.com)
- Wingstop Inc (WING) Expected to Post Quarterly Sales of $36.66 Million (americanbankingnews.com)
- Wingstop Inc (WING) Director Michael J. Hislop Sells 5,000 Shares (americanbankingnews.com)
A number of brokerages recently weighed in on WING. SunTrust Banks set a $52.00 price target on shares of Wingstop and gave the company a “buy” rating in a research report on Thursday, January 11th. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a research note on Tuesday, December 12th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $52.00 price target (up from $37.00) on shares of Wingstop in a research note on Tuesday, January 23rd. Goldman Sachs Group reaffirmed a “buy” rating and set a $41.00 price target on shares of Wingstop in a research note on Wednesday, November 29th. Finally, Robert W. Baird reissued a “buy” rating and issued a $49.00 target price on shares of Wingstop in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $45.42.
Wingstop (NASDAQ:WING) last released its earnings results on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $28.29 million for the quarter, compared to analysts’ expectations of $27.49 million. Wingstop had a negative return on equity of 37.25% and a net margin of 25.87%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share. analysts anticipate that Wingstop will post 0.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, March 8th. Wingstop’s dividend payout ratio (DPR) is currently 22.58%.
In related news, Director Michael J. Hislop sold 5,000 shares of Wingstop stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $48.30, for a total value of $241,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Charles R. Morrison sold 1,476 shares of Wingstop stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $48.13, for a total value of $71,039.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,301 shares of company stock worth $805,103. Company insiders own 1.76% of the company’s stock.
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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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