Wingstop (WING) to Release Quarterly Earnings on Wednesday

Wingstop (NASDAQ:WING) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.72 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The firm had revenue of $127.06 million during the quarter, compared to the consensus estimate of $120.47 million. During the same period last year, the company earned $0.60 earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. On average, analysts expect Wingstop to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Wingstop Stock Performance

Wingstop stock opened at $364.73 on Wednesday. Wingstop has a one year low of $150.08 and a one year high of $379.00. The business has a fifty day moving average of $351.10 and a two-hundred day moving average of $278.19. The company has a market cap of $10.71 billion, a P/E ratio of 155.20, a price-to-earnings-growth ratio of 6.16 and a beta of 1.68.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Thursday, March 7th. Wingstop’s dividend payout ratio (DPR) is currently 37.45%.

Insider Activity

In other news, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total value of $500,288.64. Following the completion of the sale, the director now owns 5,450 shares in the company, valued at $1,852,291.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $371.96, for a total transaction of $961,888.56. Following the transaction, the senior vice president now directly owns 1,646 shares of the company’s stock, valued at $612,246.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total value of $500,288.64. Following the transaction, the director now directly owns 5,450 shares in the company, valued at $1,852,291.50. The disclosure for this sale can be found here. Insiders sold a total of 14,901 shares of company stock worth $5,120,605 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WING shares. Jefferies Financial Group raised their price target on Wingstop from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. Morgan Stanley lifted their price objective on Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Robert W. Baird lifted their price objective on Wingstop from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Stifel Nicolaus lifted their price objective on Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Sanford C. Bernstein initiated coverage on Wingstop in a research report on Wednesday, February 14th. They set an “outperform” rating and a $340.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $290.83.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.