Headlines about Wingstop (NASDAQ:WING) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wingstop earned a news impact score of 0.03 on Accern’s scale. Accern also gave headlines about the restaurant operator an impact score of 46.8518821120915 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern’s rankings:
- WING Crosses Above Average Analyst Target (thestreet.com)
- 26.6% Return Seen to Date on SmarTrend Wingstop Inc Call (WING) (mysmartrend.com)
- Reading the Tea Leaves for Wingstop Inc. (WING) – Economic News (economicsandmoney.com)
- Three Restaurant Picks In A Struggling Sector (finance.yahoo.com)
- Signal Review on Shares of Wingstop Inc (WING) – Wall Street Review (thewallstreetreview.com)
WING has been the topic of a number of recent research reports. Zacks Investment Research downgraded Wingstop from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 4th. Cowen and Company reiterated an “outperform” rating and set a $34.00 price target on shares of Wingstop in a research note on Sunday, April 23rd. Stephens upgraded Wingstop from an “equal weight” rating to an “overweight” rating and set a $32.00 price target for the company in a research note on Monday, April 24th. Goldman Sachs Group, Inc. (The) upgraded Wingstop from a “buy” rating to a “conviction-buy” rating and set a $36.00 price target for the company in a research note on Tuesday, May 23rd. Finally, Wedbush reiterated an “outperform” rating and set a $36.00 price target on shares of Wingstop in a research note on Friday, May 5th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $34.50.
Wingstop (NASDAQ:WING) traded down 0.91% during trading on Friday, reaching $34.76. The company’s stock had a trading volume of 347,662 shares. The stock has a market cap of $1.01 billion, a P/E ratio of 54.23 and a beta of 0.60. Wingstop has a 52-week low of $24.74 and a 52-week high of $35.49. The firm’s 50-day moving average is $31.56 and its 200-day moving average is $29.42.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Wingstop had a net margin of 19.28% and a negative return on equity of 28.04%. The company had revenue of $24.70 million during the quarter, compared to the consensus estimate of $24.61 million. During the same period in the previous year, the business earned $0.15 earnings per share. Equities research analysts forecast that Wingstop will post $0.73 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Sunday, September 3rd will be given a $0.07 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.81%.
In other Wingstop news, Director Sidney J. Feltenstein sold 26,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $30.06, for a total transaction of $781,560.00. Following the completion of the transaction, the director now directly owns 39,750 shares in the company, valued at $1,194,885. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sidney J. Feltenstein sold 15,401 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $30.08, for a total transaction of $463,262.08. Following the transaction, the director now owns 39,750 shares of the company’s stock, valued at $1,195,680. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by insiders.
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.
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