Brokerages expect Wingstop Inc (NASDAQ:WING) to announce earnings per share of $0.19 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Wingstop’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.15. Wingstop reported earnings of $0.17 per share in the same quarter last year, which would suggest a positive year over year growth rate of 11.8%. The company is scheduled to issue its next earnings report on Thursday, November 1st.
On average, analysts expect that Wingstop will report full-year earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.89. For the next fiscal year, analysts anticipate that the business will post earnings of $0.99 per share, with EPS estimates ranging from $0.89 to $1.05. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Wingstop.
Wingstop (NASDAQ:WING) last announced its earnings results on Thursday, August 2nd. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. Wingstop had a net margin of 22.15% and a negative return on equity of 24.63%. The company had revenue of $37.04 million for the quarter, compared to the consensus estimate of $36.92 million. During the same period in the previous year, the business earned $0.18 EPS. The company’s revenue was up 17.3% on a year-over-year basis.
Several analysts have issued reports on the stock. Jefferies Financial Group reissued a “sell” rating and set a $42.00 target price on shares of Wingstop in a research note on Friday, July 13th. TheStreet raised shares of Wingstop from a “d+” rating to a “c+” rating in a research note on Monday, June 11th. BidaskClub raised shares of Wingstop from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 12th. Barclays boosted their target price on shares of Wingstop from $48.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, August 6th. Finally, BTIG Research downgraded shares of Wingstop from a “buy” rating to a “neutral” rating and set a $59.00 target price on the stock. in a research note on Tuesday, September 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $57.93.
Shares of NASDAQ:WING opened at $68.27 on Friday. The company has a debt-to-equity ratio of -1.53, a quick ratio of 0.68 and a current ratio of 0.68. Wingstop has a 12-month low of $31.53 and a 12-month high of $70.74. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 92.26, a PEG ratio of 4.14 and a beta of 1.03.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th were issued a dividend of $0.09 per share. This is a boost from Wingstop’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, August 31st. Wingstop’s payout ratio is currently 48.65%.
In other news, insider Lawrence Kruguer sold 1,112 shares of the business’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $51.73, for a total transaction of $57,523.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael J. Hislop sold 5,900 shares of the business’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $69.11, for a total transaction of $407,749.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,708 shares of company stock worth $2,024,094. 1.76% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Yorktown Management & Research Co Inc bought a new stake in Wingstop in the second quarter worth $521,000. Rhumbline Advisers boosted its holdings in Wingstop by 3.1% in the second quarter. Rhumbline Advisers now owns 68,681 shares of the restaurant operator’s stock worth $3,580,000 after purchasing an additional 2,041 shares in the last quarter. Everence Capital Management Inc. bought a new stake in Wingstop in the second quarter worth $212,000. Cubist Systematic Strategies LLC boosted its holdings in Wingstop by 281,070.0% in the second quarter. Cubist Systematic Strategies LLC now owns 28,117 shares of the restaurant operator’s stock worth $1,465,000 after purchasing an additional 28,107 shares in the last quarter. Finally, Sapphire Star Partners LP bought a new stake in Wingstop in the second quarter worth $785,000.
Wingstop Company Profile
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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