Brokers Set Expectations for Wingstop Inc’s FY2019 Earnings (WING)

Wingstop Inc (NASDAQ:WING) – Analysts at SunTrust Banks issued their FY2019 earnings estimates for shares of Wingstop in a note issued to investors on Tuesday. SunTrust Banks analyst J. Bartlett forecasts that the restaurant operator will post earnings of $1.16 per share for the year. SunTrust Banks has a “Buy” rating and a $50.00 price target on the stock.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. Wingstop had a net margin of 20.70% and a negative return on equity of 32.39%. The company had revenue of $26.03 million during the quarter, compared to the consensus estimate of $25.13 million. During the same period in the prior year, the business posted $0.13 EPS. The company’s quarterly revenue was up 19.4% on a year-over-year basis.

A number of other equities analysts also recently commented on WING. Robert W. Baird restated a “buy” rating and set a $49.00 price objective on shares of Wingstop in a research note on Wednesday. Wedbush cut shares of Wingstop from an “outperform” rating to a “neutral” rating and upped their target price for the company from $36.00 to $40.00 in a report on Friday. Jefferies Group cut shares of Wingstop from a “hold” rating to an “underperform” rating and upped their target price for the company from $29.00 to $34.00 in a report on Saturday, December 30th. Stifel Nicolaus began coverage on shares of Wingstop in a report on Monday, October 2nd. They issued a “hold” rating and a $35.00 target price on the stock. Finally, Longbow Research began coverage on shares of Wingstop in a report on Friday, October 13th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Wingstop currently has an average rating of “Hold” and a consensus target price of $39.75.

Wingstop (NASDAQ WING) traded down $1.05 during trading on Friday, hitting $39.70. 432,524 shares of the stock were exchanged, compared to its average volume of 473,352. Wingstop has a one year low of $24.74 and a one year high of $43.25. The company has a debt-to-equity ratio of -2.37, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $1,160.00 and a P/E ratio of 55.14.

Several large investors have recently made changes to their positions in WING. Riverhead Capital Management LLC grew its position in shares of Wingstop by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock worth $108,000 after purchasing an additional 1,396 shares in the last quarter. Pinebridge Investments L.P. grew its position in shares of Wingstop by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock worth $118,000 after purchasing an additional 52 shares in the last quarter. Turner Investments LLC acquired a new position in shares of Wingstop during the 3rd quarter worth approximately $150,000. Piedmont Investment Advisors LLC acquired a new position in shares of Wingstop during the 3rd quarter worth approximately $210,000. Finally, Bayesian Capital Management LP acquired a new position in shares of Wingstop during the 2nd quarter worth approximately $241,000.

In other Wingstop news, Director Michael J. Hislop sold 5,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $41.03, for a total value of $205,150.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Flynn Dekker sold 16,350 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $35.77, for a total transaction of $584,839.50. The disclosure for this sale can be found here. 1.76% of the stock is owned by corporate insiders.

The business also recently declared a None dividend, which was paid on Tuesday, December 19th. Shareholders of record on Monday, December 4th were issued a $0.07 dividend. The ex-dividend date was Friday, December 1st. This represents a yield of 0.77%. Wingstop’s dividend payout ratio is currently 19.44%.

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About Wingstop

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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