94.19 0.00 (0.00%)
After hours: 4:51PM EDT
|Bid||94.21 x 800|
|Ask||94.23 x 900|
|Day's Range||92.66 - 96.01|
|52 Week Range||47.83 - 98.60|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||127.28|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||0.36 (0.38%)|
|1y Target Est||87.36|
A big loser in the market today - Dave and Buster's. Shares falling to their lowest level of the year after earnings missed on both the top and bottom lines. The company also reported a surprise drop in quarterly same-store sales. Yahoo Finance's Heidi Chung joins Seana Smith.
Stifel Institute upgraded Wingstop (WING) from hold to buy with a price target of $92.00. Yahoo Finance sits down with the CEO of Wingstop, Charlie Morrison, to discuss its latest advancements in technology, delivery and advertising. In addition, they talk about how rising chicken-wing prices will impact Wingstop's business.
Cornerstone Macro's Carter Worth on whether stocks are running out of steam. With CNBC's Bob Pisani and Melissa Lee, and the Fast Money traders, Tim Seymour, Mark Tepper, Dan Nathan and Guy Adami.
After showing a three-weeks tight pattern, Wingstop continues tight action and remains above its 10-week moving average line.
Wingstop Inc (NASDAQ: WING ) has gained more than 50% in value since late 2018. The Analyst Wedbush's Nick Setyan downgraded Wingstop from Outperform to Neutral with a price target lifted from $83 to $92. ...
Investing.com - Shares of fast-food companies were down in midday trade on Tuesday after Domino’s Pizza reported disappointing same-store sales during the second quarter.
Arguably the single biggest theme and driver of the record 2019 stock market rally has been the plunge in interest rates. In short, as interest rates rose in late 2018, stocks fell off a cliff, and as interest rates have plunged in 2019, stocks have come roaring back.Why have interest rates and stocks been inversely correlated? In depth, it's a complicated conversation. But the high level ideas are easy to digest.There are two things at play here. One, bonds and stocks are competing investment vehicles. Money all around the world has to constantly decide whether to be invested in stocks, or bonds. When interest rates drop, bond yields drop and the return on bonds becomes less attractive relative to stocks. Thus, money rushes into stocks. Further, because bond yields are lower, that gives wiggle room for stock yields to go lower, too, so the multiple on stocks can and should move higher in a low rate environment.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTwo, the theoretical present value of a stock is the net present value of its future profits, discounted back by a certain discount rate. One of the principal components which influences that discount rate: the risk free investment rate (which is a byproduct of current interest rates). Thus, as interest rates drop, the risk free investment rate drops, the discount rate on future profits drops and the present value of equities rises.Consequently, it is reasonable to say that low rates today are inflating equity valuations everywhere.This is especially true for certain stocks which seem a too inflated by low rates. For these stocks, if/when rates rise, their present valuations could crumble, and the stocks could fall off a cliff. * 7 Dependable Dividend Stocks to Buy With that in mind, let's take a look at 7 stocks that seem overly inflated by low interest rates. Stocks Being Inflated By Low Rates: Proctor & Gamble (PG)Source: Mike Mozart via Flickr (Modified)YTD Gain: 24%Forward P/E Multiple: 24Long Term Projected EPS Growth Rate (sourced from YCharts, for all stocks): ~7%Consumer staples giant Proctor & Gamble (NYSE:PG) has rallied 24% year-to-date, generating 4 points of alpha on the S&P 500, mostly thanks to the plunge in interest rates. In short, PG is a defensive story with a big yield. Defensive stories tend to have low multiples, so when rates fall, these defensive stories can benefit from big multiple expansion. At the same time, big yield stocks become relatively more attractive in low rate environments, since healthy risk free yield is hard to find.But at current levels, PG stock has nearly the same forward earnings multiple as Facebook (NASDAQ:FB). Facebook is a 20%-plus revenue grower. Proctor & Gamble grew revenues by 1% last quarter (5% on an organic basis). Over the next several years, this company projects as a mid single digit profit grower. A 24 forward multiple is simply too steep for mid single digit profit growth, especially considering the entire consumer staples sector trades at less than 20-times forward earnings for a similar long term earnings growth rate.Net net, PG stock has been overly inflated by low rates, and if/when low rates do creep higher, PG stock could drop in a big way as the multiple compresses to more reasonable levels. Stocks Being Inflated By Low Rates: Match Group (MTCH)YTD Gain: 67%Forward P/E Multiple: 40Long Term Projected EPS Growth Rate: ~15%Shares of global internet dating behemoth Match (NASDAQ:MTCH) have rattled off a near 70% gain through the first six months of 2019, as low rates have supported multiple expansion on the stock while the company has continued to report strong subscriber growth numbers which underscore that online dating is a growing global phenomena. This is nothing new for MTCH stock. Over the past three years, the stock is up nearly 400%.The secular growth narrative here is healthy. Dating, like shopping and TV watching, is moving to the online channel. Match is the dominant player in this market, having bought up pretty much all the competition and controlling a suite of dating apps which together comprise the lion's share of the online dating market. This dynamic of leadership in a secular growth market implies that Match will continue to report robust subscriber, revenue, and profit growth for the foreseeable future.But robust here needs an asterisk. Subscriber, revenue, and profit growth growth were all in the low to mid teens range last quarter. Going forward, analysts project this as a mid teens profit grower. MTCH stock trades at 40-times forward earnings. That's a steep multiple for 15% profit growth. The info tech space broadly trades at half that multiple for roughly the same long term profit growth rate. * 5 EV Stocks to Buy for Big Gains Over the Next Decade Consequently, MTCH stock -- while supported by secular growth tailwinds -- seems to be overly inflated here by low rates. Stocks Being Inflated By Low Rates: Chipotle Mexican Grill (CMG)YTD Gain: 71%Forward P/E Multiple: 57Long Term Projected EPS Growth Rate: ~20%Year-to-date, Mexican fast casual eatery Chipotle Mexican Grill (NYSE:CMG) has been one of the S&P 500's top stocks, rising more than 70% through the first six months of 2019. The catalyst behind the rally has been acceleration of Chipotle's operational recovery. Expansion of the digital business, new menu additions and aggressive health-oriented marketing have driven Chipotle's recovery into the next-gear, with comps and margins flying higher. Investors keep buying into this recovery narrative, and Chipotle stock keeps moving higher.But the valuation on CMG stock now makes no sense, unless interest rates remain depressed forever. CMG stock trades at nearly 60-times forward earnings, roughly three times the projected long term EPS growth rate of 20%. Realistically, I actually think Chipotle can do better than 20% EPS growth, and think EPS can land around $40 by 2025 (nearly 25% annualized growth). But based on a restaurant average 27 forward multiple and 10% discount rate, $40 EPS by 2025 supports a 2019 price target for CMG stock of just $670.Chipotle stock trades hands today north of $700. Thus, this stock appears to be overly inflated by presently low interest rates. Stocks Being Inflated By Low Rates: Starbucks (SBUX)Source: Shutterstock YTD Gain: 38%Forward P/E Multiple: 32Long Term Projected EPS Growth Rate: ~15%Shares of coffee retail giant Starbucks (NASDAQ:SBUX) have rallied 38% in 2019, nearly double the return of the S&P 500, as investors have grown more optimistic regarding the company's long term growth trajectory in China and as operations domestically have shown signs of improving.But traffic trends in the U.S. are still negative, competition is still ramping, traffic trends everywhere else are slowing, overall comparable sales growth is slowing from its multi-year trend, margins aren't moving higher, and -- despite all that -- SBUX stock now trades at its biggest forward earnings multiple (32) since 2015, when the company's internal growth rates were much higher. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Indeed, 32-times forward earnings seems like a steep price to pay for low to mid single digit comparable sales growth, mid to high single digit revenue growth, flattish margins and mid teens profit growth. As such, it is reasonable to say that the current valuation underlying SBUX stock is sustainable if and only if interest rates remain low. As soon as they move higher, the multiple will compress and the stock will drop. Stocks Being Inflated By Low Rates: Under Armour (UAA)Source: Shutterstock YTD Gain: 49%Forward P/E Multiple: 77Long Term Projected EPS Growth Rate: ~30%Athletic apparel company Under Armour (NYSE:UAA) has been one of the market's hottest stocks in 2019, rising nearly 50% through the first six months of 2019 as athletic apparel demand trends have remained favorable, and Under Armour's growth and margin trends have improved against the backdrop of falling inventory (which is usually a solid leading indicator in the retail space).But UAA stock now trades at nearly 80-times forward earnings. Sales growth last quarter was 3%. The quarter before that it was 3%. Sure, margins are moving higher here, and top-line growth rates may improve as Under Armour pushes a more relevant product line-up over the next few quarters. Still, at best, this is a 20-30% profit grower over the next few years. Extrapolating that out, Under Armour will probably wind up with around $1.50 in EPS by fiscal 2025. Based on a long term average Nike-type forward multiple of 25 and a 10% discount rate, that equates to a 2019 price target for UAA stock of $23.Under Armour stock presently trades hands around $26. Thus, the current valuation seems overly inflated by low rates. Stocks Being Inflated By Low Rates: Costco (COST)Source: Shutterstock YTD Gain: 35%Forward P/E Multiple: 34Long Term Projected EPS Growth Rate: ~10%Shares of warehouse retailer Costco (NASDAQ:COST) have marched higher in 2019, to the tune of a 35% year-to-date gain, as the company has benefited from continued strong domestic consumer spending trends, especially in the discount segment, and as low rates have helped support multiple expansion in COST stock.At the present moment, both of those tailwinds will continue. Consumer economic fundamentals remain healthy, characterized by low unemployment, big wage gains, low consumer debt levels, and good credit. Meanwhile, rates project to remain low for the foreseeable future, as the Fed has embraced a rate cut mentality. The combination of those two dynamics should allow COST stock to keep moving higher. * 3 Breakout Stocks to Buy But it's also worth noting that the stock is trading at a decade high valuation despite the growth profile remaining largely unchanged. That dynamic is sustainable only if rates remain low. As soon as they start creeping higher, COST stock could feel some pressure. Stocks Being Inflated By Low Rates: Wingstop (WING)YTD Gain: 48%Forward P/E Multiple: 130Long Term Projected EPS Growth Rate: ~20%One of the hottest stocks in the market both this year and over the past several years has been chicken wing restaurant operator Wingstop (NYSE:WING). Year-to-date, WING stock is up nearly 50%. Over the past three years, the stock is up 270%. The big rally can be attributed to Wingstop's consistently positive comparable sales growth trajectory, which has coupled with huge unit growth rates and healthy margin expansion to produce second-to-none profit growth in the restaurant industry.But despite the company's strong growth track record, promising future growth potential, and tasty chicken wings, valuation is a serious issue for WING stock. The stock trades at 130-times forward earnings. That's is the most expensive multiple I have ever seen in the restaurant category. Further, Wingstop isn't growing that fast. Revenue rose 16% last quarter, and EBITDA rose 11%. Those are tiny growth rates next to a triple digit forward earnings multiple.As such, it is very reasonable to say that WING stock's present valuation is being overly inflated by low rates. Once rates start creeping up, WING stock will likely drop in a big way.As of this writing, Luke Lango was long FB. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 7 Stocks Being Inflated by Low Rates appeared first on InvestorPlace.
During the fast-paced Lightning Round of Jim Cramer's Mad Money program, Cramer talked about Wingstop Inc. : "This one is terrific. In the daily bar chart of WING, below, we can see that prices have nearly doubled in just twelve months. WING is above the rising 50-day moving average line and the bullish 200-day average line.
One of South Florida's biggest Wendy's franchisee groups announced plans to open 30 Wingstops in the tri-county area over the next five years. Pompano Beach-based JAE Restaurant Group, which runs 125 Wendy's locations in South Florida, formed a new company called Florida Wingmen, which struck a deal in December 2018 with Dallas-based Wingstop Inc. (Nasdaq: WING) for the exclusive rights to develop future Wingstops in Broward, Miami-Dade and most of Palm Beach counties, Florida Wingmen Chairman Jhonny Mercado told the Business Journal. There are currently 23 Wingstops in South Florida and 1,200 worldwide.
In 2012 Charlie Morrison was appointed CEO of Wingstop Inc. (NASDAQ:WING). First, this article will compare CEO...
DALLAS, July 02, 2019 -- Beginning July 5, Wingstop (NASDAQ: WING) is celebrating 25 years of serving the world flavor. To commemorate this tasty milestone, Wingstop is, for.
DALLAS, June 27, 2019 -- Wingstop Inc. (NASDAQ: WING) (the “Company” or “Wingstop”) today announced that it will host a conference call and webcast to discuss its second.
Wingstop Inc. (WING) today announced it will relocate its corporate headquarters to Addison, Texas, just north of Dallas, and has signed an agreement to acquire a 78,000 square foot state-of-the-art office building for $18.3 million. Completed in 2010, this thoughtfully designed facility offers an attractive layout with increased open areas, as well as designated space for innovation and kitchen testing to support the Company's next phase of growth. "We are at a pivotal moment in Wingstop’s path to become a Top 10 global restaurant brand and believe this new corporate headquarters will support our strategic growth priorities by creating an environment for innovation and collaboration,” said Chairman and CEO Charlie Morrison.
Some Wingstop Inc (NASDAQ: WING ) investors argue the chicken wing chain's expansion will result in cannibalization, but a deep dive into the thesis points otherwise, according to BMO Capital Markets. ...
Chicken wings can be bought at nearly every pub across North America but ask Wingstop Inc (NASDAQ: WING) CEO Charles Morrison who his competitors are and he will answer there are none. Wingstop offers consumers a carry-out or delivery option that some of the big box rivals "can't compete with," Morrison told CNBC's Jim Cramer Monday evening. Wingstop hopes it can leverage its perceived leadership in the market by expanding digital transactions, the CEO said.
Restaurant chain Wingstop Inc (NASDAQ: WING ) could be on the cusp of a "virtuous cycle" of gaining brand awareness and investors should "get ready to wing it," according to Stifel. ...
gained altitude on Tuesday as investors savored an upgrade from analysts at Stifel Nicolaus. In a note to clients, Stifel Nicolaus analyst Chris O'Cull upgraded Wingstop to buy from hold and raised his 12-month price target on the stock to $92 from $80, noting that sales growth will "remain in the mid- to high-teens for the foreseeable future," thanks to its national advertising and digital ordering initiatives, which has boosted brand awareness. Unlike other restaurant chains that sell wings, Wingstop is a carryout and delivery operation, which requires a smaller labor force and other efficiencies that Morrison said rivals cannot match.
For his "Executive Decision" segment on "Mad Money" Monday, Jim Cramer sat down with Charlie Morrison, chairman and CEO of Wingstop Inc. WING has 1,200 locations and a stock that's up 26% for 2019. WING is also celebrating its 25-year anniversary this year.
If the White House is no longer pro-business, that's bad news for stocks, Jim Cramer admitted to his Mad Money viewers Monday. This sudden change of heart means investors will be willing to pay less for stocks, Cramer said, and everyone needs to reset their expectations. Cramer's long been a champion of some of President Trump's economic policies, like lower taxes and deregulation to spur growth.
Competition in the fast food space is hot, and in order to stay relevant in the space, companies need to beef up their technology and delivery initiatives, according to Wells Fargo.
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...