News articles about Wingstop (NASDAQ:WING) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wingstop earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media stories about the restaurant operator an impact score of 47.5213677653757 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern’s rankings:
- Technical Fundamentals and Valuation: Boston Pvt Finl Hldg (BPFH) and Wingstop Inc Cmn (WING) – Post Registrar (postregistrar.com)
- Stock’s Technical Analysis – Wingstop Inc (NASDAQ: WING) – Alpha Beta Stock (alphabetastock.com)
- Do Technical Indicators Important For Long-Term Traders? – Wingstop Inc., (NASDAQ: WING) – Stock Watch (stocksnewstimes.com)
- Wingstop Inc (WING) Insider Madison Jobe Sells 469 Shares (americanbankingnews.com)
- Denny’s Joins Digital-Dining March to Win ‘Share of Stomach’ (bloombergquint.com)
A number of equities research analysts have weighed in on WING shares. Cowen reaffirmed a “buy” rating and issued a $41.00 target price on shares of Wingstop in a report on Friday, November 24th. Guggenheim downgraded Wingstop from a “buy” rating to a “neutral” rating in a report on Wednesday, November 29th. Goldman Sachs reaffirmed a “buy” rating and issued a $41.00 target price on shares of Wingstop in a report on Wednesday, November 29th. Robert W. Baird reaffirmed a “buy” rating and issued a $44.00 target price (up previously from $30.00) on shares of Wingstop in a report on Monday, December 4th. Finally, BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Wingstop currently has a consensus rating of “Hold” and a consensus target price of $45.42.
Wingstop (NASDAQ:WING) last announced its earnings results on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The business had revenue of $28.29 million during the quarter, compared to analyst estimates of $27.49 million. Wingstop had a negative return on equity of 37.25% and a net margin of 25.87%. Wingstop’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS. equities analysts anticipate that Wingstop will post 0.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.58%. The ex-dividend date is Thursday, March 8th. Wingstop’s dividend payout ratio is currently 22.58%.
In other news, insider Flynn Dekker sold 10,000 shares of Wingstop stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $45.60, for a total value of $456,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Morrison sold 1,476 shares of Wingstop stock in a transaction dated 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 ninety days, insiders have sold 17,770 shares of company stock valued at $827,718. 1.76% of the stock is owned by corporate insiders.
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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