Brokerages predict that Wingstop Inc (NASDAQ:WING) will post sales of $38.16 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Wingstop’s earnings, with the highest sales estimate coming in at $39.24 million and the lowest estimate coming in at $36.91 million. Wingstop reported sales of $26.03 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 46.6%. The company is expected to issue its next earnings results on Thursday, November 1st.
On average, analysts expect that Wingstop will report full-year sales of $152.02 million for the current year, with estimates ranging from $150.60 million to $153.93 million. For the next financial year, analysts anticipate that the business will report sales of $171.58 million per share, with estimates ranging from $166.46 million to $177.54 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Wingstop.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, August 2nd. The restaurant operator reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. The firm had revenue of $37.04 million for the quarter, compared to analysts’ expectations of $36.92 million. Wingstop had a net margin of 22.15% and a negative return on equity of 24.63%. The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share.
Several research firms have recently weighed in on WING. BTIG Research cut shares of Wingstop from a “buy” rating to a “neutral” rating and set a $59.00 price target on the stock. in a report on Tuesday, September 4th. They noted that the move was a valuation call. Morgan Stanley upped their price target on shares of Wingstop from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, August 3rd. Wedbush upgraded shares of Wingstop from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $51.00 to $59.00 in a research report on Thursday, June 7th. Zacks Investment Research lowered shares of Wingstop from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Jefferies Financial Group reiterated a “sell” rating and issued a $42.00 target price on shares of Wingstop in a research report on Friday, July 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.93.
In related news, insider Lawrence Kruguer sold 1,112 shares of the company’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $51.73, for a total value of $57,523.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stacy Peterson sold 5,259 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $58.87, for a total transaction of $309,597.33. Following the completion of the transaction, the insider now owns 31,423 shares of the company’s stock, valued at $1,849,872.01. The disclosure for this sale can be found here. Insiders sold 32,708 shares of company stock valued at $2,024,094 over the last quarter. 1.76% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Hong Kong Ltd boosted its position in Wingstop by 1,022.6% during the first quarter. Point72 Asia Hong Kong Ltd now owns 2,481 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 2,260 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Wingstop during the second quarter valued at about $118,000. Everence Capital Management Inc. purchased a new stake in Wingstop during the second quarter valued at about $212,000. Hartford Investment Management Co. purchased a new stake in Wingstop during the second quarter valued at about $228,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in Wingstop during the first quarter valued at about $238,000.
Wingstop stock opened at $65.94 on Friday. The firm has a market capitalization of $1.94 billion, a PE ratio of 89.11, a PEG ratio of 4.02 and a beta of 1.03. Wingstop has a fifty-two week low of $31.53 and a fifty-two week high of $70.74. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of -1.53.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, August 31st. This is a positive change from Wingstop’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 0.55%. Wingstop’s payout ratio is 48.65%.
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.
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