Wingstop (NASDAQ:WING) Downgraded by ValuEngine to “Hold”

ValuEngine cut shares of Wingstop (NASDAQ:WING) from a buy rating to a hold rating in a research note issued to investors on Tuesday, ValuEngine reports.

A number of other research analysts have also issued reports on the company. BidaskClub raised Wingstop from a strong sell rating to a sell rating in a report on Thursday, November 28th. Oppenheimer initiated coverage on shares of Wingstop in a report on Thursday, September 19th. They issued a market perform rating for the company. Zacks Investment Research upgraded shares of Wingstop from a hold rating to a buy rating and set a $98.00 price objective for the company in a research report on Saturday, October 5th. Robert W. Baird upgraded shares of Wingstop from a neutral rating to an outperform rating and set a $92.00 target price on the stock in a report on Monday, November 25th. Finally, Cowen set a $104.00 target price on shares of Wingstop and gave the company a buy rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $99.86.

WING opened at $80.19 on Tuesday. The business has a 50 day moving average price of $80.53 and a two-hundred day moving average price of $89.26. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 95.46, a price-to-earnings-growth ratio of 6.15 and a beta of 0.76. Wingstop has a 1-year low of $56.95 and a 1-year high of $107.43.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. Wingstop had a negative return on equity of 9.95% and a net margin of 10.61%. The company had revenue of $49.88 million for the quarter, compared to analysts’ expectations of $49.26 million. During the same period last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. As a group, research analysts predict that Wingstop will post 0.77 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Tuesday, November 26th. Wingstop’s payout ratio is 52.38%.

In other news, CEO Charles R. Morrison sold 20,000 shares of Wingstop stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $75.80, for a total transaction of $1,516,000.00. Following the transaction, the chief executive officer now owns 88,645 shares in the company, valued at $6,719,291. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Skipworth sold 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.42, for a total value of $164,840.00. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in WING. Smithfield Trust Co. lifted its position in shares of Wingstop by 1,090.0% in the third quarter. Smithfield Trust Co. now owns 1,190 shares of the restaurant operator’s stock worth $104,000 after purchasing an additional 1,090 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Wingstop in the 2nd quarter valued at approximately $110,000. Centaurus Financial Inc. acquired a new position in Wingstop in the 2nd quarter valued at approximately $127,000. Russell Investments Group Ltd. purchased a new stake in Wingstop in the 3rd quarter worth approximately $153,000. Finally, Eqis Capital Management Inc. purchased a new stake in Wingstop in the 3rd quarter worth approximately $208,000.

About Wingstop

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.

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Analyst Recommendations for Wingstop (NASDAQ:WING)

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