Wingstop (WING) Downgraded by Wedbush to Neutral

Wedbush lowered shares of Wingstop (NASDAQ:WING) from an outperform rating to a neutral rating in a research report released on Friday, January 5th, Marketbeat Ratings reports. They currently have $40.00 target price on the restaurant operator’s stock, up from their previous target price of $36.00. Wedbush also issued estimates for Wingstop’s FY2018 earnings at $0.82 EPS.

A number of other equities research analysts have also recently issued reports on WING. Robert W. Baird reaffirmed a buy rating and set a $49.00 target price on shares of Wingstop in a research report on Wednesday, January 3rd. Stifel Nicolaus initiated coverage on Wingstop in a research report on Monday, October 2nd. They set a hold rating and a $35.00 target price for the company. Jefferies Group cut Wingstop from a hold rating to an underperform rating and upped their target price for the stock from $29.00 to $34.00 in a research report on Saturday, December 30th. SunTrust Banks reiterated a buy rating and set a $50.00 price target on shares of Wingstop in a report on Wednesday, January 3rd. Finally, Longbow Research began coverage on Wingstop in a report on Friday, October 13th. They set a neutral rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Wingstop presently has an average rating of Hold and an average price target of $39.92.

Wingstop (NASDAQ WING) traded up $0.83 during trading hours on Friday, reaching $45.08. The company’s stock had a trading volume of 468,200 shares, compared to its average volume of 638,644. The company has a current ratio of 0.89, a quick 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 $45.14. The stock has a market cap of $1,311.60, a PE ratio of 62.61, a PEG ratio of 2.78 and a beta of 0.69.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results 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 business had revenue of $26.03 million during the quarter, compared to analysts’ expectations of $25.13 million. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 EPS. sell-side analysts forecast that Wingstop will post 0.73 EPS for the current year.

The business also recently disclosed a None dividend, which was paid on Tuesday, December 19th. Shareholders of record on Monday, December 4th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a yield of 0.77%. Wingstop’s dividend payout ratio is currently 19.44%.

In other news, insider Flynn Dekker sold 16,350 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total transaction of $584,839.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael J. Hislop sold 5,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $41.03, for a total value of $205,150.00. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

A number of institutional investors have recently bought and sold shares of WING. Goldman Sachs Group Inc. boosted its holdings in Wingstop by 56.3% in the second quarter. Goldman Sachs Group Inc. now owns 1,453,769 shares of the restaurant operator’s stock valued at $44,921,000 after acquiring an additional 523,811 shares during the last quarter. CI Investments Inc. bought a new position in Wingstop in the third quarter valued at about $11,977,000. Dimensional Fund Advisors LP boosted its holdings in Wingstop by 334.0% in the second quarter. Dimensional Fund Advisors LP now owns 393,908 shares of the restaurant operator’s stock valued at $12,172,000 after acquiring an additional 303,156 shares during the last quarter. Koch Industries Inc. bought a new position in Wingstop in the second quarter valued at about $286,000. Finally, Balyasny Asset Management LLC bought a new position in Wingstop in the second quarter valued at about $7,795,000.

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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.

Analyst Recommendations for Wingstop (NASDAQ:WING)

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