Zacks: Analysts Expect Wingstop Inc. (WING) to Post $0.16 Earnings Per Share
Brokerages expect Wingstop Inc. (NASDAQ:WING) to report earnings per share of $0.16 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Wingstop’s earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.14. Wingstop posted earnings of $0.13 per share in the same quarter last year, which indicates a positive year over year growth rate of 23.1%. The business is expected to issue its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Wingstop will report full-year earnings of $0.72 per share for the current year, with EPS estimates ranging from $0.71 to $0.73. For the next year, analysts expect that the firm will post earnings of $0.79 per share, with EPS estimates ranging from $0.77 to $0.82. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Wingstop.
Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. The company had revenue of $24.70 million for 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 28.04%. During the same period in the prior year, the firm earned $0.15 earnings per share.
A number of equities analysts have recently commented on WING shares. Barclays PLC raised their price objective on Wingstop from $26.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, May 15th. Cowen and Company raised their price objective on Wingstop from $34.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Wedbush restated an “outperform” rating and issued a $36.00 price objective on shares of Wingstop in a report on Monday, May 15th. Jefferies Group LLC restated a “hold” rating and issued a $28.00 price objective on shares of Wingstop in a report on Thursday, May 18th. Finally, Goldman Sachs Group, Inc. (The) upgraded Wingstop from a “buy” rating to a “conviction-buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, May 23rd. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $34.25.
In other news, Chairman Charles R. Morrison sold 25,000 shares of Wingstop stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $34.71, for a total value of $867,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stacy Peterson sold 11,557 shares of Wingstop stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $34.60, for a total value of $399,872.20. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Fortaleza Asset Management Inc. acquired a new position in shares of Wingstop in the 2nd quarter worth approximately $108,000. Riverhead Capital Management LLC grew its position in shares of Wingstop by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock worth $108,000 after acquiring an additional 1,396 shares in the last quarter. Pinebridge Investments L.P. grew its position in shares of Wingstop by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock worth $118,000 after acquiring an additional 52 shares in the last quarter. LS Investment Advisors LLC grew its position in shares of Wingstop by 291.0% in the 1st quarter. LS Investment Advisors LLC now owns 4,321 shares of the restaurant operator’s stock worth $122,000 after acquiring an additional 3,216 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Wingstop by 79.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,720 shares of the restaurant operator’s stock worth $176,000 after acquiring an additional 2,530 shares in the last quarter.
Shares of Wingstop (NASDAQ WING) traded up 1.45% during mid-day trading on Friday, reaching $32.90. 277,323 shares of the company’s stock were exchanged. The stock has a market cap of $956.47 million, a price-to-earnings ratio of 51.33 and a beta of 0.58. Wingstop has a 52 week low of $24.74 and a 52 week high of $35.91. The stock has a 50 day moving average price of $32.71 and a 200 day moving average price of $29.88.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Sunday, September 3rd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.28 annualized dividend and a yield of 0.85%. Wingstop’s dividend payout ratio is presently 10.94%.
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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