Wingstop Inc (NASDAQ:WING) – Investment analysts at SunTrust Banks increased their FY2017 earnings per share (EPS) estimates for Wingstop in a research report issued to clients and investors on Thursday. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will earn $0.74 per share for the year, up from their prior estimate of $0.73. SunTrust Banks has a “Buy” rating and a $52.00 price objective on the stock. SunTrust Banks also issued estimates for Wingstop’s FY2018 earnings at $0.94 EPS and FY2019 earnings at $1.19 EPS.
Wingstop (NASDAQ:WING) last released its earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The firm had revenue of $26.03 million during the quarter, compared to analyst estimates of $25.13 million. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. Wingstop’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share.
A number of other research firms have also issued reports on WING. Longbow Research initiated coverage on Wingstop in a report on Friday, October 13th. They issued a “neutral” rating for the company. Cowen reiterated an “outperform” rating and issued a $37.00 target price on shares of Wingstop in a report on Saturday, September 16th. Zacks Investment Research lowered Wingstop from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Robert W. Baird reiterated a “buy” rating and issued a $44.00 target price (up from $30.00) on shares of Wingstop in a report on Monday, December 4th. Finally, BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $39.92.
Wingstop (WING) opened at $45.08 on Friday. The stock has a market capitalization of $1,287.45, a price-to-earnings ratio of 62.61, a P/E/G ratio of 2.73 and a beta of 0.69. Wingstop has a fifty-two week low of $24.74 and a fifty-two week high of $45.14. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of -2.37.
The firm also recently declared a None dividend, which was paid on Tuesday, December 19th. Shareholders of record on Monday, December 4th were issued a dividend of $0.07 per share. This represents a yield of 0.77%. The ex-dividend date was Friday, December 1st. Wingstop’s dividend payout ratio (DPR) is 19.44%.
In other news, Director Michael J. Hislop sold 5,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $41.03, for a total value of $205,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Flynn Dekker sold 16,350 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total value of $584,839.50. The disclosure for this sale can be found here. 1.76% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of WING. Riverhead Capital Management LLC lifted its holdings in shares of Wingstop by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock valued at $108,000 after purchasing an additional 1,396 shares during the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of Wingstop by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock valued at $118,000 after purchasing an additional 52 shares during the last quarter. Turner Investments LLC purchased a new stake in shares of Wingstop in the 3rd quarter valued at about $150,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Wingstop in the 3rd quarter valued at about $210,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Wingstop in the 2nd quarter valued at about $241,000.
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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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