Brokerages Expect Wingstop Inc. (NASDAQ:WING) to Post $0.15 EPS
Equities research analysts forecast that Wingstop Inc. (NASDAQ:WING) will post $0.15 earnings per share for the current quarter, Zacks reports. Five analysts have provided estimates for Wingstop’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.14. Wingstop also reported earnings per share of $0.15 in the same quarter last year. The firm is scheduled to issue its next earnings report after the market closes on Thursday, August 3rd.
On average, analysts expect that Wingstop will report full year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.66 to $0.70. For the next year, analysts forecast that the firm will report earnings of $0.79 per share, with EPS estimates ranging from $0.75 to $0.83. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Wingstop.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $26.57 million for the quarter, compared to the consensus estimate of $24.22 million. Wingstop had a net margin of 18.44% and a negative return on equity of 33.91%. The business’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS.
WING has been the topic of several research reports. Zacks Investment Research lowered shares of Wingstop from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 4th. Cowen and Company restated an “outperform” rating and issued a $34.00 price target on shares of Wingstop in a report on Sunday, April 23rd. Stephens upgraded shares of Wingstop from an “equal weight” rating to an “overweight” rating and set a $32.00 price target on the stock in a report on Monday, April 24th. Goldman Sachs Group, Inc. (The) upgraded shares of Wingstop from a “buy” rating to a “conviction-buy” rating and set a $36.00 price target on the stock in a report on Tuesday, May 23rd. Finally, Jefferies Group LLC restated a “hold” rating and issued a $28.00 price target on shares of Wingstop in a report on Wednesday, April 12th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $34.55.
Wingstop (WING) traded down 0.46% during midday trading on Tuesday, hitting $30.29. 181,495 shares of the stock were exchanged. Wingstop has a 12-month low of $24.74 and a 12-month high of $33.42. The firm has a 50 day moving average of $30.17 and a 200-day moving average of $28.90. The stock has a market cap of $877.71 million, a price-to-earnings ratio of 50.40 and a beta of 0.62.
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In other news, CFO Michael Mravle sold 34,605 shares of Wingstop stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $30.82, for a total transaction of $1,066,526.10. Following the sale, the chief financial officer now owns 75,400 shares in the company, valued at $2,323,828. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sidney J. Feltenstein sold 26,000 shares of Wingstop stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $30.06, for a total transaction of $781,560.00. Following the sale, the director now owns 39,750 shares in the company, valued at approximately $1,194,885. The disclosure for this sale can be found here. Insiders have sold 80,510 shares of company stock worth $2,448,937 in the last quarter. Insiders own 1.76% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Wingstop by 200,013.0% in the first quarter. BlackRock Inc. now owns 3,473,961 shares of the restaurant operator’s stock valued at $98,242,000 after buying an additional 3,472,225 shares during the period. Wellington Management Group LLP raised its position in shares of Wingstop by 15.6% in the first quarter. Wellington Management Group LLP now owns 3,955,238 shares of the restaurant operator’s stock valued at $111,855,000 after buying an additional 533,086 shares during the period. Cortina Asset Management LLC purchased a new position in shares of Wingstop during the first quarter valued at $13,430,000. Stephens Investment Management Group LLC raised its position in shares of Wingstop by 20.2% in the first quarter. Stephens Investment Management Group LLC now owns 1,366,966 shares of the restaurant operator’s stock valued at $38,658,000 after buying an additional 229,784 shares during the period. Finally, Eagle Asset Management Inc. purchased a new position in shares of Wingstop during the first quarter valued at $4,907,000.
Wingstop Company Profile
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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