Brokerages expect Wingstop Inc (NASDAQ:WING) to post $37.14 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Wingstop’s earnings, with the lowest sales estimate coming in at $36.47 million and the highest estimate coming in at $37.63 million. Wingstop reported sales of $24.67 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 50.5%. The business is scheduled to announce its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Wingstop will report full year sales of $149.48 million for the current year, with estimates ranging from $147.24 million to $151.48 million. For the next year, analysts anticipate that the business will post sales of $167.08 million per share, with estimates ranging from $161.50 million to $172.39 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Wingstop.
Get Wingstop alerts:Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, May 3rd. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05. Wingstop had a negative return on equity of 28.86% and a net margin of 23.15%. The company had revenue of $37.40 million during the quarter, compared to the consensus estimate of $36.34 million. During the same period last year, the company earned $0.22 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year.
WING has been the subject of several recent analyst reports. Zacks Investment Research raised Wingstop from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. ValuEngine raised Wingstop from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Morgan Stanley raised their target price on Wingstop from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, April 16th. Stifel Nicolaus raised their target price on Wingstop from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, April 18th. Finally, BTIG Research assumed coverage on Wingstop in a research note on Friday, April 20th. They set a “buy” rating and a $59.00 target price for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $50.79.
Wingstop traded down $0.08, hitting $52.49, during trading hours on Friday, according to MarketBeat Ratings. 345,500 shares of the company’s stock were exchanged, compared to its average volume of 586,657. Wingstop has a 1-year low of $29.54 and a 1-year high of $55.85. The stock has a market capitalization of $1.55 billion, a P/E ratio of 70.93, a P/E/G ratio of 3.26 and a beta of 0.90. The company has a debt-to-equity ratio of -1.49, a current ratio of 0.73 and a quick ratio of 0.73.
The business also recently announced a quarterly dividend, which was paid on Monday, June 18th. Investors of record on Monday, June 4th were given a dividend of $0.07 per share. The ex-dividend date was Friday, June 1st. This represents a $0.28 annualized dividend and a dividend yield of 0.53%. Wingstop’s payout ratio is 37.84%.
In related news, insider Lawrence Kruguer sold 1,064 shares of Wingstop stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $51.45, for a total transaction of $54,742.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles R. Morrison sold 6,000 shares of Wingstop stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $53.31, for a total value of $319,860.00. Following the transaction, the chairman now directly owns 133,152 shares in the company, valued at approximately $7,098,333.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,457 shares of company stock worth $2,355,314. 1.70% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of WING. Point72 Asia Hong Kong Ltd lifted its holdings 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 worth $117,000 after acquiring an additional 2,260 shares during the period. Meadow Creek Investment Management LLC raised its stake in shares of Wingstop by 25.7% in the fourth quarter. Meadow Creek Investment Management LLC now owns 5,984 shares of the restaurant operator’s stock valued at $233,000 after buying an additional 1,224 shares during the period. Xact Kapitalforvaltning AB bought a new stake in shares of Wingstop in the first quarter valued at $238,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Wingstop in the first quarter valued at $245,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Wingstop in the first quarter valued at $269,000.
About Wingstop
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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