Q3 2017 EPS Estimates for Wingstop Inc. (NASDAQ:WING) Raised by Analyst
Wingstop Inc. (NASDAQ:WING) – Equities research analysts at SunTrust Banks upped their Q3 2017 earnings estimates for shares of Wingstop in a research note issued to investors on Friday. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will earn $0.16 per share for the quarter, up from their previous forecast of $0.15. SunTrust Banks also issued estimates for Wingstop’s Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.19 EPS and FY2018 earnings at $0.77 EPS.
Other equities research analysts have also recently issued research reports about the stock. Wedbush reaffirmed a “buy” rating and set a $36.00 price objective on shares of Wingstop in a research note on Thursday, July 6th. Goldman Sachs Group Inc raised shares of Wingstop from a “buy” rating to a “conviction-buy” rating and set a $36.00 price objective on the stock in a research note on Tuesday, May 23rd. Barclays PLC raised their price objective on shares of Wingstop from $26.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, May 15th. Zacks Investment Research cut shares of Wingstop from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 4th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $28.00 price objective on shares of Wingstop in a research note on Wednesday, April 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $34.40.
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Wingstop (NASDAQ WING) opened at 32.28 on Monday. The firm’s 50-day moving average is $30.67 and its 200 day moving average is $28.98. Wingstop has a one year low of $24.74 and a one year high of $33.42. The stock has a market cap of $935.38 million, a P/E ratio of 53.71 and a beta of 0.60.
Wingstop (NASDAQ:WING) last announced its earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. The company had revenue of $24.70 million during the quarter, compared to analyst estimates of $24.61 million. Wingstop had a net margin of 19.28% and a negative return on equity of 26.83%. During the same period in the previous year, the business posted $0.15 earnings per share.
A number of large investors have recently added to or reduced their stakes in the stock. Cadence Capital Management LLC boosted its stake in Wingstop by 85.2% in the second quarter. Cadence Capital Management LLC now owns 18,300 shares of the restaurant operator’s stock worth $565,000 after buying an additional 8,420 shares in the last quarter. Fortaleza Asset Management Inc. bought a new stake in Wingstop during the second quarter worth about $108,000. Marshall Wace North America L.P. bought a new stake in Wingstop during the second quarter worth about $11,947,000. BNP Paribas Arbitrage SA boosted its stake in Wingstop by 55.7% in the second quarter. BNP Paribas Arbitrage SA now owns 8,979 shares of the restaurant operator’s stock worth $277,000 after buying an additional 3,212 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Wingstop by 17.3% in the second quarter. Legal & General Group Plc now owns 52,766 shares of the restaurant operator’s stock worth $1,631,000 after buying an additional 7,764 shares in the last quarter.
In related news, Director Sidney J. Feltenstein sold 15,401 shares of Wingstop stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $30.08, for a total value of $463,262.08. Following the sale, the director now owns 39,750 shares of the company’s stock, valued at approximately $1,195,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sidney J. Feltenstein sold 26,000 shares of Wingstop stock in a transaction 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 completion of the sale, the director now directly owns 39,750 shares in the company, valued at approximately $1,194,885. The disclosure for this sale can be found here. Insiders sold a total of 80,510 shares of company stock worth $2,448,937 in the last three months. 1.76% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Sunday, September 3rd will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.87%.
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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