Wingstop Inc (NASDAQ:WING) – Stock analysts at Piper Sandler lowered their FY2021 earnings estimates for Wingstop in a research report issued on Sunday, September 13th. Piper Sandler analyst N. Regan now forecasts that the restaurant operator will post earnings per share of $1.25 for the year, down from their previous forecast of $1.26. Piper Sandler has a “Overweight” rating and a $158.00 price objective on the stock.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.10. The firm had revenue of $66.10 million during the quarter, compared to analysts’ expectations of $62.46 million. Wingstop had a negative return on equity of 14.61% and a net margin of 12.73%. Wingstop’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS.
Other equities research analysts have also issued reports about the company. BMO Capital Markets upped their price target on Wingstop from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. They noted that the move was a valuation call. Raymond James reissued a “hold” rating on shares of Wingstop in a research report on Thursday, August 6th. Morgan Stanley increased their target price on Wingstop from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Monday, July 20th. Cowen reaffirmed a “buy” rating and issued a $140.00 target price on shares of Wingstop in a research report on Tuesday, August 11th. Finally, Wedbush increased their price target on Wingstop from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $140.88.
Shares of WING opened at $130.81 on Wednesday. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 136.26, a PEG ratio of 9.83 and a beta of 1.03. Wingstop has a 52-week low of $44.27 and a 52-week high of $170.00. The business’s 50 day moving average is $155.20 and its two-hundred day moving average is $121.72.
The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were given a $0.14 dividend. This is a positive change from Wingstop’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.43%. Wingstop’s dividend payout ratio (DPR) is 76.71%.
Large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its stake in Wingstop by 74.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,876 shares of the restaurant operator’s stock worth $548,000 after acquiring an additional 2,945 shares in the last quarter. SG Americas Securities LLC lifted its stake in Wingstop by 17.1% in the 1st quarter. SG Americas Securities LLC now owns 6,674 shares of the restaurant operator’s stock worth $532,000 after acquiring an additional 976 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Wingstop by 34.4% in the 1st quarter. New York State Common Retirement Fund now owns 50,496 shares of the restaurant operator’s stock worth $4,025,000 after acquiring an additional 12,931 shares in the last quarter. Rhumbline Advisers lifted its stake in Wingstop by 0.3% in the 1st quarter. Rhumbline Advisers now owns 94,501 shares of the restaurant operator’s stock worth $7,532,000 after acquiring an additional 270 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Wingstop by 44.0% in the 1st quarter. Russell Investments Group Ltd. now owns 59,408 shares of the restaurant operator’s stock worth $4,734,000 after acquiring an additional 18,156 shares in the last quarter.
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 December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.
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