Brokerages predict that Wingstop Inc (NASDAQ:WING) will announce earnings of $0.19 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Wingstop’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.23. Wingstop posted earnings per share of $0.17 in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.8%. The company is scheduled to report its next quarterly earnings results on Thursday, November 1st.
On average, analysts expect that Wingstop will report full-year earnings of $0.85 per share for the current year, with EPS estimates ranging from $0.80 to $0.89. For the next fiscal year, analysts forecast that the business will report earnings of $0.99 per share, with EPS estimates ranging from $0.89 to $1.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Wingstop.
Wingstop (NASDAQ:WING) last announced its quarterly earnings data on Thursday, August 2nd. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. Wingstop had a negative return on equity of 24.63% and a net margin of 22.15%. The firm had revenue of $37.04 million during the quarter, compared to analysts’ expectations of $36.92 million. During the same period last year, the business posted $0.18 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year.
Several research analysts have recently issued reports on WING shares. Zacks Investment Research cut Wingstop from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Stifel Nicolaus raised their price objective on Wingstop from $58.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, August 27th. Wedbush restated an “outperform” rating and issued a $70.00 price objective (up from $59.00) on shares of Wingstop in a research note on Wednesday, August 22nd. They noted that the move was a valuation call. TheStreet upgraded Wingstop from a “c+” rating to a “b” rating in a research note on Friday, July 13th. Finally, Morgan Stanley raised their price objective on Wingstop from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, August 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $57.93.
In related news, Chairman Charles R. Morrison sold 17,000 shares of Wingstop stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $60.13, for a total transaction of $1,022,210.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lawrence Kruguer sold 1,112 shares of Wingstop stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $51.73, for a total value of $57,523.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,708 shares of company stock valued at $2,024,094. 1.76% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd grew its holdings in Wingstop by 1,022.6% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,481 shares of the restaurant operator’s stock valued at $117,000 after purchasing an additional 2,260 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Wingstop in the second quarter valued at approximately $118,000. Everence Capital Management Inc. acquired a new stake in Wingstop in the second quarter valued at approximately $212,000. Hartford Investment Management Co. acquired a new stake in Wingstop in the second quarter valued at approximately $228,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in Wingstop in the first quarter valued at approximately $238,000.
Shares of NASDAQ:WING traded down $0.51 during trading on Wednesday, hitting $65.85. The stock had a trading volume of 451,317 shares, compared to its average volume of 583,827. Wingstop has a 12-month low of $31.53 and a 12-month high of $70.74. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 89.01, a PEG ratio of 3.98 and a beta of 1.03. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of -1.53.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th will be given a dividend of $0.09 per share. This is a boost from Wingstop’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Friday, August 31st. Wingstop’s dividend payout ratio (DPR) is currently 48.65%.
Wingstop Company Profile
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.
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