Zacks: Analysts Expect Wingstop Inc (WING) to Post $0.16 EPS

Brokerages predict that Wingstop Inc (NASDAQ:WING) will post earnings of $0.16 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Wingstop’s earnings. The highest EPS estimate is $0.16 and the lowest is $0.15. Wingstop posted earnings of $0.15 per share in the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The business is scheduled to report its next quarterly earnings results on Thursday, March 1st.

On average, analysts expect that Wingstop will report full year earnings of $0.73 per share for the current fiscal year, with EPS estimates ranging from $0.71 to $0.74. For the next financial year, analysts expect that the firm will post earnings of $0.80 per share, with EPS estimates ranging from $0.77 to $0.82. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Wingstop.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $26.03 million for the quarter, compared to the consensus estimate of $25.13 million. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS.

Several research analysts have recently commented on the company. Stifel Nicolaus began coverage on Wingstop in a research report on Monday, October 2nd. They issued a “hold” rating and a $35.00 target price for the company. Cowen reissued an “outperform” rating and issued a $37.00 price objective on shares of Wingstop in a research note on Saturday, September 16th. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Jefferies Group boosted their price objective on Wingstop from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $41.00 price objective on shares of Wingstop in a research note on Wednesday, November 29th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Wingstop currently has a consensus rating of “Buy” and an average target price of $37.50.

Shares of Wingstop (NASDAQ:WING) traded up $0.75 during midday trading on Monday, reaching $41.45. The company’s stock had a trading volume of 519,886 shares, compared to its average volume of 495,132. Wingstop has a 12-month low of $24.74 and a 12-month high of $41.47. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -2.37. The firm has a market cap of $1,184.17, a price-to-earnings ratio of 56.53, a PEG ratio of 2.87 and a beta of 0.69.

The company also recently declared a None dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Monday, December 4th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a yield of 0.77%. Wingstop’s dividend payout ratio (DPR) is 19.44%.

In other Wingstop news, insider Flynn Dekker sold 16,350 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total value of $584,839.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lawrence Kruguer sold 10,526 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $33.67, for a total value of $354,410.42. Following the completion of the transaction, the insider now owns 22,116 shares in the company, valued at $744,645.72. The disclosure for this sale can be found here. Corporate insiders own 1.76% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in Wingstop by 1.2% during the 2nd quarter. BlackRock Inc. now owns 3,515,978 shares of the restaurant operator’s stock worth $108,645,000 after purchasing an additional 42,017 shares in the last quarter. Vanguard Group Inc. increased its holdings in Wingstop by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,433,708 shares of the restaurant operator’s stock worth $75,200,000 after purchasing an additional 16,622 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Wingstop by 56.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,453,769 shares of the restaurant operator’s stock worth $44,921,000 after purchasing an additional 523,811 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Wingstop by 3.8% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,351,608 shares of the restaurant operator’s stock valued at $44,941,000 after acquiring an additional 49,815 shares in the last quarter. Finally, Bamco Inc. NY grew its holdings in shares of Wingstop by 4.7% in the 3rd quarter. Bamco Inc. NY now owns 1,010,000 shares of the restaurant operator’s stock valued at $33,582,000 after acquiring an additional 45,000 shares in the last quarter.

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About Wingstop

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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Earnings History and Estimates for Wingstop (NASDAQ:WING)

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