Wingstop (NASDAQ:WING) Issues Quarterly Earnings Results

by · The Markets Daily

Wingstop (NASDAQ:WING – Get Free Report) issued its earnings results on Wednesday. The restaurant operator reported $0.88 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.09), Briefing.com reports. The company had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The firm’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS.

Wingstop Stock Performance

Shares of NASDAQ WING traded up $1.33 during mid-day trading on Thursday, hitting $291.32. 871,850 shares of the stock traded hands, compared to its average volume of 449,242. Wingstop has a 52 week low of $177.88 and a 52 week high of $433.86. The company has a market cap of $8.54 billion, a price-to-earnings ratio of 104.03, a PEG ratio of 3.41 and a beta of 1.71. The stock has a fifty day moving average price of $392.16 and a 200-day moving average price of $388.27.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 15th. This represents a $1.08 annualized dividend and a dividend yield of 0.37%. Wingstop’s dividend payout ratio is presently 38.43%.

Insider Activity at Wingstop

In other Wingstop news, SVP Donnie Upshaw sold 3,199 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $372.71, for a total value of $1,192,299.29. Following the sale, the senior vice president now directly owns 97 shares of the company’s stock, valued at approximately $36,152.87. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WING shares. The Goldman Sachs Group raised their price objective on Wingstop from $407.00 to $458.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Benchmark raised Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price objective on the stock in a report on Thursday. Citigroup raised their price objective on Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a report on Friday, October 4th. BTIG Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 price objective on the stock in a report on Thursday. Finally, Raymond James raised Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Thursday, August 1st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $371.95.

View Our Latest Stock Analysis on WING

About Wingstop

(Get Free Report)

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.

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