Wingstop (NASDAQ:WING) issued its earnings results on Thursday. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01, Bloomberg Earnings reports. Wingstop had a net margin of 20.70% and a negative return on equity of 32.39%. The company had revenue of $28.29 million for the quarter, compared to analyst estimates of $27.49 million. During the same quarter last year, the firm earned $0.15 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Wingstop updated its FY18 guidance to ~$0.75 EPS.
Shares of Wingstop (WING) opened at $46.78 on Friday. The company has a debt-to-equity ratio of -2.37, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $1,360.00 and a P/E ratio of 64.97. Wingstop has a fifty-two week low of $24.74 and a fifty-two week high of $49.69.
The business also recently announced a None dividend, which was paid on Wednesday, February 14th. Shareholders of record on Friday, February 9th were issued a dividend of $3.17 per share. This is an increase from Wingstop’s previous None dividend of $0.07. This represents a yield of 0.065849605317823%. The ex-dividend date of this dividend was Thursday, February 8th. Wingstop’s dividend payout ratio (DPR) is 19.44%.
In other Wingstop news, Chairman Charles R. Morrison sold 1,476 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $48.13, for a total transaction of $71,039.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael J. Hislop sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $41.03, for a total transaction of $205,150.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,036 shares of company stock worth $300,847 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.
WING has been the topic of several recent analyst reports. SunTrust Banks reissued a “buy” rating and set a $50.00 price objective on shares of Wingstop in a research note on Wednesday, January 3rd. Zacks Investment Research lowered shares of Wingstop from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. BidaskClub raised shares of Wingstop from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Robert W. Baird reissued a “buy” rating and set a $44.00 price objective (up previously from $30.00) on shares of Wingstop in a research note on Monday, December 4th. Finally, Stephens reissued a “buy” rating and set a $50.00 price objective on shares of Wingstop in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $45.50.
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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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