Wingstop’s (WING) Buy Rating Reaffirmed at Robert W. Baird

Robert W. Baird restated their buy rating on shares of Wingstop (NASDAQ:WING) in a research report sent to investors on Wednesday morning. Robert W. Baird currently has a $49.00 price objective on the restaurant operator’s stock.

WING has been the subject of a number of other reports. Stifel Nicolaus raised Wingstop from a hold rating to a buy rating and raised their price objective for the stock from $35.00 to $40.00 in a research report on Friday, November 3rd. Jefferies Group raised their price objective on Wingstop from $28.00 to $29.00 and gave the stock a hold rating in a research report on Friday, November 3rd. Deutsche Bank began coverage on Wingstop in a research report on Monday, December 18th. They set a hold rating and a $38.00 price objective for the company. Goldman Sachs Group reissued a buy rating and set a $41.00 price objective on shares of Wingstop in a research report on Wednesday, November 29th. Finally, BidaskClub downgraded Wingstop from a buy rating to a hold rating in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $39.42.

Shares of Wingstop (NASDAQ WING) traded up $0.36 on Wednesday, hitting $40.75. The company’s stock had a trading volume of 361,235 shares, compared to its average volume of 417,500. Wingstop has a twelve month low of $24.74 and a twelve month high of $43.25. The firm has a market cap of $1,190.00 and a P/E ratio of 56.60. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of -2.37.

Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The business had revenue of $26.03 million during the quarter, compared to the consensus estimate of $25.13 million. During the same period last year, the company earned $0.13 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. equities analysts expect that Wingstop will post 0.73 EPS for the current year.

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

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

Institutional investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC boosted its stake in shares of Wingstop by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock valued at $108,000 after buying an additional 1,396 shares during the period. Pinebridge Investments L.P. boosted its stake in shares of Wingstop by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock valued at $118,000 after buying an additional 52 shares during the period. Turner Investments LLC purchased a new position in shares of Wingstop in the 3rd quarter valued at about $150,000. Piedmont Investment Advisors LLC purchased a new position in shares of Wingstop in the 3rd quarter valued at about $210,000. Finally, Bayesian Capital Management LP purchased a new position in shares of Wingstop in the 2nd quarter valued at about $241,000.

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Wingstop Company Profile

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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