Wingstop (WING) Expected to Announce Earnings on Wednesday

Wingstop (NASDAQ:WING) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect Wingstop to post earnings of $0.89 per share and revenue of $164.66 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Wingstop Price Performance

NASDAQ WING opened at $304.69 on Tuesday. Wingstop has a fifty-two week low of $266.45 and a fifty-two week high of $433.86. The stock’s 50-day moving average is $293.49 and its two-hundred day moving average is $342.88. The firm has a market cap of $8.90 billion, a P/E ratio of 88.83, a price-to-earnings-growth ratio of 2.76 and a beta of 1.81.

Wingstop declared that its board has authorized a stock buyback plan on Thursday, December 5th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to repurchase up to 5.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Raymond James restated an “outperform” rating and set a $330.00 target price (down from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. The Goldman Sachs Group upgraded Wingstop from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $458.00 to $377.00 in a research note on Friday, November 8th. Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price objective on the stock in a research note on Friday, November 1st. Wedbush reiterated an “outperform” rating and issued a $390.00 price objective on shares of Wingstop in a research note on Tuesday, November 5th. Finally, Barclays dropped their price objective on Wingstop from $470.00 to $380.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $385.72.

Insider Buying and Selling at Wingstop

In other Wingstop news, SVP Raj Kapoor sold 266 shares of Wingstop stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $324.38, for a total transaction of $86,285.08. Following the sale, the senior vice president now directly owns 266 shares of the company’s stock, valued at approximately $86,285.08. The trade was a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.36% of the company’s stock.

About Wingstop

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.