Analysts expect Wingstop Inc (NASDAQ:WING) to report earnings per share (EPS) of $0.20 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Wingstop’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.23. Wingstop posted earnings of $0.18 per share in the same quarter last year, which indicates a positive year over year growth rate of 11.1%. The firm is scheduled to announce its next quarterly earnings results on Thursday, August 2nd.
According to Zacks, analysts expect that Wingstop will report full year earnings of $0.84 per share for the current fiscal year, with EPS estimates ranging from $0.79 to $0.87. For the next year, analysts expect that the business will post earnings of $1.01 per share, with EPS estimates ranging from $0.95 to $1.05. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Wingstop.
Wingstop (NASDAQ:WING) last announced its earnings results on Thursday, May 3rd. The restaurant operator reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The company had revenue of $37.40 million during the quarter, compared to analysts’ expectations of $36.34 million. Wingstop had a net margin of 23.15% and a negative return on equity of 28.86%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the company posted $0.22 earnings per share.
A number of analysts have recently issued reports on WING shares. Stifel Nicolaus increased their price target on shares of Wingstop from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, May 4th. BTIG Research started coverage on shares of Wingstop in a research report on Friday, April 20th. They issued a “buy” rating and a $59.00 price target for the company. ValuEngine raised shares of Wingstop from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Wedbush reissued a “buy” rating and issued a $41.00 price target on shares of Wingstop in a research report on Friday, February 23rd. Finally, BidaskClub lowered shares of Wingstop from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. Wingstop currently has an average rating of “Buy” and a consensus target price of $50.79.
In related news, Chairman Charles R. Morrison sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $53.31, for a total transaction of $319,860.00. Following the transaction, the chairman now owns 133,152 shares of the company’s stock, valued at $7,098,333.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Charles R. Morrison sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, April 9th. The shares were sold at an average price of $48.20, for a total transaction of $530,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,695 shares of company stock worth $3,421,284. Insiders own 1.76% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd raised its position in shares of 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. Xact Kapitalforvaltning AB bought a new position in shares of Wingstop in the first quarter valued at approximately $238,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Wingstop in the first quarter valued at approximately $245,000. Oppenheimer Asset Management Inc. bought a new position in shares of Wingstop in the first quarter valued at approximately $269,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Wingstop in the first quarter valued at approximately $275,000.
Shares of Wingstop traded up $0.96, reaching $52.03, during mid-day trading on Friday, according to MarketBeat.com. The company had a trading volume of 13,525 shares, compared to its average volume of 679,635. The company has a debt-to-equity ratio of -1.49, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 69.70, a price-to-earnings-growth ratio of 3.07 and a beta of 0.90. Wingstop has a 12-month low of $29.54 and a 12-month high of $55.85.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 18th. Investors of record on Monday, June 4th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, June 1st. Wingstop’s payout ratio is presently 37.84%.
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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