92.82 0.00 (0.00%)
After hours: 4:23PM EST
|Bid||92.52 x 1400|
|Ask||92.62 x 1000|
|Day's Range||91.69 - 93.23|
|52 Week Range||62.15 - 107.43|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||138.54|
|Earnings Date||Feb 18, 2020|
|Forward Dividend & Yield||0.44 (0.47%)|
|Ex-Dividend Date||Nov 26, 2019|
|1y Target Est||99.82|
DALLAS, Jan. 23, 2020 -- Wingstop Inc. (NASDAQ: WING) (the “Company” or “Wingstop”) today announced that it will host a conference call and webcast to discuss its fourth.
Yahoo Finance speaks exclusively with Wingstop CEO Charlie Morrison fresh off the company's first-ever investor day.
DALLAS, Jan. 16, 2020 -- Wingstop Inc. (“Wingstop” or the “Company”) (NASDAQ: WING) today released preliminary unaudited sales and unit development results for the fiscal.
DALLAS, Jan. 10, 2020 -- Wingstop Inc. (NASDAQ: WING) (the “Company” or “Wingstop”) will host its first Investor Day since the Company’s initial public offering in 2015, on.
The fast-growing quick-service restaurant chain specializes in chicken wings—a perennial fan favorite. Its growth potential looks tasty, too.
Wingstop Inc. has filled its chief operating officer position, the company announced in a press release Tuesday. Mahesh Sadarangani will take on the COO post at Wingstop (Nasdaq: WING), effective immediately. Sadarangani will oversee domestic operations and will continue reporting to Charlie Morrison, the company's chairman and CEO.
Wingstop Inc. (WING) today announced the appointment of Mahesh Sadarangani as Chief Operating Officer, previously Wingstop’s Senior Vice President of Channel Strategy, effective immediately. In his new role, Mahesh will be responsible for domestic operations and will continue reporting to Charlie Morrison, Chairman and CEO. Mahesh is replacing Larry Kruguer, who resigned on December 26, 2019.
Today we'll evaluate Wingstop Inc. (NASDAQ:WING) to determine whether it could have potential as an investment idea...
Wingstop Inc (NASDAQ: WING ) is scheduled to host an Investor Day presentation on Jan. 16 and management is likely to detail multiple catalysts that will translate to outperformance versus current expectations, ...
Wingstop Inc. was upgraded to outperform from neutral at Wedbush, with analysts expecting the chicken chain to drive same-store sales growth in 2020 through its digital and delivery businesses. Wedbush raised its price target to $105 from $88. Analysts expect delivery to contribute more than 6% of incremental same-store sales growth, and think fourth-quarter same-store sales growth beat consensus. FactSet forecasts same-store sales growth of 10.2%. "Wingstop sits at the intersection of two ongoing structural trends in the restaurants industry: continued market share gains by the chicken category and the continued growth in delivery," analysts led by Nick Setyan wrote. "Given the awareness game between Wingstop and its competitors, we see no reason why same-store sales growth cannot remain at industry-leading levels beyond 2020." Goldman Sachs added Wingstop to its conviction list last month, also based on the sustainability of the company's same-store sales growth. On Thursday, Wingstop announced that its chief operating officer would be leaving the company on March 7. Shares closed down 1.7%. Wedbush calls the decline "unwarranted." Wingstop stock is up 39.5% over the last 12 months, outpacing the S&P 500 index , which has gained 33%.
Wingstop Inc. announced Thursday that the chicken chain's chief operating officer, Laurence Kruguer, will step down from his position, effective at the close of business March 7. The resignation was not the result of a disagreement between Kruguer and the company, according to a filing. Wingstop stock is down nearly 4% in Thursday trading, but has rallied 34.5% over the last 12 months. The S&P 500 index is up 26.2% for the past year.
The pending departure of Wingstop's chief operating officer throws a splash of cold water on the fast-growing restaurant chain, which has seen a big rebound in its stock price since late November.
Papa John's (PZZA) continued international expansion plans, strategic partnerships, strong digital platform and various sales initiatives bode well.
The clock is ticking down on calendar year 2019 -- and what a year it's been!Stocks forming the S&P 500 index of America's biggest companies have returned 23% profits year-to-date -- twice the index's long-term average. And while it might seem unlikely that such a feat could repeat, at least one analyst thinks a strong 2020 isn't entirely out of the question.Goldman Sachs chief U.S. equity strategist David Kostin outlined his firm's take on the 2020 stock market, predicting that with help from a "durable profit cycle and continued economic expansion ... the current bull market in US equities will continue in 2020."Mind you, not everyone is so optimistic. CNBC notes that Goldman Sachs' prediction of an S&P 500 hitting 3,400 by December 31, 2020 is "one of the most bullish outlooks for 2020 among the major investment banks tracked by CNBC." But as Kostin argues, so long as Congress remains "divided," with neither political party holding a commanding lead, governmental meddling in the market should be kept to a minimum, resulting in stronger-than-average profits for stocks in the year to come.So which stocks in particular have the best chance to thrive in 2020? With help from the TipRanks Stock Screener tool, we've identified three separate equities rated highly by Goldman Sachs \-- and enjoying strong support elsewhere on Wall Street as well. Let's get to know them, beginning with...Wingstop (WING)Dallas, Texas-based Wingstop is -- as you've probably guessed -- a chicken-wings joint. It's no mom-and-pop shop, though, but a chain boasting 1,250 owned and franchised restaurants.On Monday, Goldman Sachs analyst Katherine Fogertey added Wingstop to the investment bank's "conviction list," citing "signs of sustained" same store sales momentum and improving "delivery economics." In the near term, she sees Wingstop producing impressive same store sales growth of 12.5% in Q4. Longer term, Fogertey predicts that this company could grow off its already large base of stores to build a network of 4,000 domestic restaurants, and 2,300 international restaurants, by 2035."A key tenet of our international growth thesis is based on Wingstop’s ability to continue to sign and execute master franchise agreements to accelerate unit growth. We believe Wingstop will continue to execute master franchise agreements in order to accelerate international unit development, and expect this will be a key topic of discussion at the January analyst day," the analyst concluded.Such astounding growth deserves an astounding price target prediction, and Fogertey doesn't fail to deliver: By this time next year, she thinks Wingstop stock will top $140 a share -- 66% profit from Monday's close. (To watch Fogertey's track record, click here)Wall Street as a whole is bullish on Wingstop stock, with six "buy" ratings and 5 "holds" added by analysts in just the last month. On average, analyst estimates predict 18% upside for Wingstop shares as they climb to $99.44 per share over the next 12 months -- but Goldman Sachs is even more optimistic than that. (See Wingstop’s price targets and analyst ratings on TipRanks)Owens Corning (OC) Our next nominee from Goldman Sachs needs even less introduction. Pink Panther fans and homeowners alike will recognize the name of one of America's best-known makers of pink insulation. Goldman Sachs analyst Susan Maklari initiated coverage on this one with a "buy" rating, and also with a place on the firm's "conviction list." (To watch Maklari's track record, click here)"Greater than expected top-line and margin expansion in its insulation and roofing segments" are key to Maklari's enthusiasm for Owens Corning stock, as the analyst forecasts a recovery in new home construction "on the back of lower [interest] rates." The analyst expects demand for roofing materials to be especially brisk in 2020 as transportation costs decline and construction demand ticks back up, resulting in "favorable volume, pricing, and cost dynamics across 75% of [OC's] revenue base over the next 12-months, allowing for above average profitability. This should offset more modest results in composites (remaining 25% of revenues) on the back of slower global growth."Maklari concluded, "We believe greater than expected earnings power will be reflected in OC’s valuation over the next 12 months."And once again, Goldman is ahead of the curve on price targets. Six analysts have chimed in on Owens Corning in the past month, with four of them rating the stock "buy," and two only "hold." Whereas the average analyst on Wall Street has Owens Corning pegged for about an 11% price gain to $72.44 over the next 12 months, Maklari is predicting a price closer to $80 a share -- 23% above Monday's close. (See Owens stock-price forecasts and analyst ratings on TipRanks)Mohawk Industries (MHK)Perhaps a less familiar name -- but still one tied to the housing industry -- our final Goldman pick today is Calhoun, Georgia's Mohawk Industries, maker of carpet, tile, hardwood, and other flooring products for homes and businesses. Once again, Maklari is the analyst making the pick, and once again she thinks this stock is a "buy" (albeit, apparently not a "conviction" buy).Mohawk, as investors may recall, has had a rough couple of years, with profits declining (year over year) more quarters than they gained. Last quarter in particular, sales were down 1% -- and earnings fell 31.5%. But in Maklari's view, the company is close to "turning a corner" now.President Trump's tariffs imposed on ceramic tiles imported from China will "negate their value," permitting "US ceramic tile inventories [to] normalize" as retailers work down their "excess supplies." At the same time, Maklari is predicting growing profit margins in the company's "US luxury vinyl tile" business. Combined with "consistent results" internationally, the analyst forecasts that a halt to revenue declines this year will be followed by a return to growth in both sales and earnings in 2020 and 2021, giving rise to greater investor interest in the equity."Although we recognize Mohawk has faced various operating and demand challenges over the last two years, we believe it is closer to turning a corner. We look for the stock to re-rate higher as the results of these efforts come through," Maklari concluded.The average analyst price target for Mohawk over the next year is only $158.58 (14% upside), with two analysts rating the stock "buy" in the past month -- and one voting "sell." Maklari, however -- one of Mohawk's fans -- thinks the stock could rise as high as $165 a share, delivering a 19% profit to new investors en route. (See Mohawk stock analysis on TipRanks)
Wingstop Inc. stock rose 5% in Monday trading after it was added to Goldman Sachs' "Conviction List" based on same-store sales momentum and declining delivery fees. Wingstop shares are up 31.3% for the year to date, outpacing the 25.6% gain for the S&P 500 index . Wingstop raised the advertising contribution from franchisees to 4% from 3% in 2019, which, coupled with sales growth, gave the company $20 million more for ad spend, according to Goldman analysts. And Goldman data shows growth in digital sales, with October up 8% month-over-month after a 34% increase in September. There's also been a deceleration in chicken wing prices, an item that takes up 65% of Wingstop's food purchasing. Goldman Sachs rates Wingstop shares buy with a $140 price target.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]