Somewhat Favorable News Coverage Somewhat Unlikely to Affect Wingstop (NASDAQ:WING) Share Price

News coverage about Wingstop (NASDAQ:WING) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wingstop earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the restaurant operator an impact score of 47.4723249457189 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment’s analysis:

Shares of NASDAQ WING traded down $0.04 during trading on Thursday, reaching $47.23. 434,102 shares of the company traded hands, compared to its average volume of 614,581. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of -2.69. The company has a market cap of $1,383.17, a PE ratio of 50.78, a PEG ratio of 3.20 and a beta of 0.97. Wingstop has a 52-week low of $27.29 and a 52-week high of $49.69.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $28.29 million for the quarter, compared to the consensus estimate of $27.49 million. Wingstop had a net margin of 25.87% and a negative return on equity of 37.25%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 EPS. equities research analysts anticipate that Wingstop will post 0.76 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Thursday, March 8th. Wingstop’s payout ratio is presently 22.58%.

Several research analysts recently issued reports on the stock. Barclays reiterated an “equal weight” rating and issued a $40.00 price target (down from $44.00) on shares of Wingstop in a research note on Friday, February 23rd. Zacks Investment Research downgraded shares of Wingstop from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Robert W. Baird reissued a “buy” rating and set a $49.00 price objective on shares of Wingstop in a research report on Wednesday, January 3rd. BidaskClub raised shares of Wingstop from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 10th. Finally, Wedbush downgraded shares of Wingstop from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $36.00 to $40.00 in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Wingstop has an average rating of “Buy” and an average price target of $45.42.

In related news, Chairman Charles R. Morrison sold 1,476 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $48.13, for a total value of $71,039.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael J. Hislop sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $48.30, for a total transaction of $241,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,770 shares of company stock worth $827,718. Insiders own 1.76% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Wingstop (NASDAQ:WING)

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