Wingstop Inc. (WING) to Release Earnings on Thursday
Wingstop Inc. (NASDAQ:WING) will post its quarterly earnings results after the market closes on Thursday, November 2nd. Analysts expect Wingstop to post earnings of $0.16 per share for the quarter. Wingstop has set its FY17 guidance at 0.71-0.725 EPS.
Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. Wingstop had a negative return on equity of 28.04% and a net margin of 19.28%. The business had revenue of $24.70 million for the quarter, compared to the consensus estimate of $24.61 million. During the same period in the prior year, the business earned $0.15 earnings per share. On average, analysts expect Wingstop to post $0.72 EPS for the current fiscal year and $0.79 EPS for the next fiscal year.
Shares of Wingstop Inc. (WING) opened at 31.99 on Thursday. The stock has a market capitalization of $930.01 million, a P/E ratio of 49.91 and a beta of 0.58. The stock has a 50 day moving average price of $33.16 and a 200 day moving average price of $31.45. Wingstop Inc. has a 12 month low of $24.74 and a 12 month high of $35.91.
In other news, insider Lawrence Kruguer sold 10,526 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $33.67, for a total value of $354,410.42. Following the completion of the sale, the insider now owns 22,116 shares of the company’s stock, valued at $744,645.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Charles R. Morrison sold 25,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $34.71, for a total value of $867,750.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,083 shares of company stock valued at $1,622,033. Corporate insiders own 1.76% of the company’s stock.
Several equities research analysts have recently weighed in on the company. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Jefferies Group LLC reissued a “hold” rating and set a $28.00 price objective on shares of Wingstop in a research note on Thursday, October 12th. Zacks Investment Research raised Wingstop from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Barclays PLC reissued an “equal weight” rating and set a $34.00 price objective (up from $32.00) on shares of Wingstop in a research note on Friday, August 4th. Finally, Wedbush reissued a “buy” rating on shares of Wingstop in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Wingstop presently has a consensus rating of “Buy” and a consensus target price of $34.89.
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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