Wingstop (WING) Declares $4.00 Special Dividend; 3% Yield

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Wingstop (WING) PT Lowered to $170 at Goldman Sachs, Sees 38% Upside on Shareholder Returns

March 14, 2022 6:57 AM EDT

Goldman Sachs analyst Jared Garber lowered the price target on Wingstop (NASDAQ: WING) to $170.00 (from $174.00) while maintaining a Buy rating after the company closed its previously announced securitization transaction and announced a $4/share special dividend.

"We see 38% upside to our new $170, 12m price target, with... More

Wingstop (WING) Completes $250 Million Securitization Transaction, Offers Outlook

March 10, 2022 7:34 AM EST

Wingstop Inc. ("Wingstop" or the "Company") (NASDAQ: WING), completed a securitized financing transaction on March 9, 2022, which included the issuance of a new series of $250 million of securitized notes (the "Notes"). The Series 2022-1 Class A-2 Senior Secured Notes are subject to 1% annual amortization, bear interest at a rate of 3.734% per annum, and have an anticipated repayment date of March 2029. Interest and principal payments on the Notes are payable on a quarterly basis.

In addition to the Notes, the Company also entered into a $200 million variable funding note facility, which will... More