Wedbush restated their buy rating on shares of Wingstop (NASDAQ:WING) in a research note issued to investors on Wednesday, The Fly reports. They currently have a $74.00 price objective on the restaurant operator’s stock, up from their previous price objective of $69.00. Wedbush also issued estimates for Wingstop’s Q1 2020 earnings at $0.24 EPS, Q2 2020 earnings at $0.25 EPS and FY2020 earnings at $0.97 EPS.

Other equities analysts have also issued research reports about the stock. BidaskClub raised shares of Wingstop from a hold rating to a buy rating in a research report on Tuesday, November 13th. Zacks Investment Research lowered shares of Wingstop from a hold rating to a sell rating in a report on Tuesday, January 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Wingstop presently has a consensus rating of Hold and a consensus target price of $66.14.

Shares of WING stock opened at $69.50 on Wednesday. Wingstop has a 1 year low of $45.53 and a 1 year high of $75.58. The firm has a market cap of $1.96 billion, a P/E ratio of 82.74, a P/E/G ratio of 4.37 and a beta of 0.87.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, February 27th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). Wingstop had a negative return on equity of 15.27% and a net margin of 14.18%. The company had revenue of $40.51 million for the quarter, compared to the consensus estimate of $40.82 million. During the same period last year, the firm posted $0.36 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. On average, analysts expect that Wingstop will post 0.78 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Tuesday, March 12th. Wingstop’s dividend payout ratio (DPR) is presently 42.86%.

In other Wingstop news, insider Lawrence Kruguer sold 2,600 shares of the business’s stock in a transaction on Monday, January 7th. The shares were sold at an average price of $62.41, for a total value of $162,266.00. Following the sale, the insider now owns 5,531 shares of the company’s stock, valued at approximately $345,189.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles R. Morrison sold 20,000 shares of the business’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $66.33, for a total transaction of $1,326,600.00. Following the completion of the sale, the chairman now directly owns 123,152 shares in the company, valued at approximately $8,168,672.16. The disclosure for this sale can be found here. Insiders sold a total of 52,700 shares of company stock worth $3,533,959 in the last three months. Insiders own 1.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in shares of Wingstop by 1.9% in the 4th quarter. BlackRock Inc. now owns 4,221,568 shares of the restaurant operator’s stock worth $270,985,000 after purchasing an additional 78,511 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Wingstop by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,893,632 shares of the restaurant operator’s stock worth $197,548,000 after purchasing an additional 77,875 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Wingstop by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 2,893,632 shares of the restaurant operator’s stock worth $197,548,000 after purchasing an additional 77,875 shares during the last quarter. Federated Investors Inc. PA grew its holdings in shares of Wingstop by 2.6% in the 3rd quarter. Federated Investors Inc. PA now owns 898,551 shares of the restaurant operator’s stock worth $61,344,000 after purchasing an additional 22,451 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in shares of Wingstop by 41.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 831,434 shares of the restaurant operator’s stock worth $56,761,000 after purchasing an additional 241,596 shares during the last quarter.

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 February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.

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