Zacks: Analysts Anticipate Wingstop Inc (NASDAQ:WING) Will Post Earnings of $0.18 Per Share

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Wall Street brokerages forecast that Wingstop Inc (NASDAQ:WING) will announce $0.18 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Wingstop’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.16. Wingstop reported earnings of $0.15 per share during the same quarter last year, which suggests a positive year over year growth rate of 20%. The firm is expected to report its next quarterly earnings results on Wednesday, February 26th.

According to Zacks, analysts expect that Wingstop will report full-year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.78. For the next financial year, analysts forecast that the business will post earnings of $0.91 per share, with EPS estimates ranging from $0.88 to $1.01. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Wingstop.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, October 30th. The restaurant operator reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. Wingstop had a net margin of 10.61% and a negative return on equity of 9.95%. The firm had revenue of $49.88 million for the quarter, compared to analyst estimates of $49.26 million. During the same period in the previous year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year.

A number of equities research analysts have commented on the company. ValuEngine lowered Wingstop from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded Wingstop from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 28th. Cowen set a $104.00 price objective on Wingstop and gave the stock a “buy” rating in a research note on Friday, September 27th. BMO Capital Markets set a $108.00 target price on Wingstop and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Raymond James initiated coverage on shares of Wingstop in a research report on Wednesday, September 4th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $99.86.

Shares of NASDAQ:WING opened at $78.97 on Wednesday. The firm has a market cap of $2.33 billion, a P/E ratio of 94.01, a P/E/G ratio of 6.15 and a beta of 0.76. Wingstop has a 12-month low of $56.95 and a 12-month high of $107.43. The business has a fifty day simple moving average of $80.87 and a 200 day simple moving average of $89.26.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.11 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.44 annualized dividend and a yield of 0.56%. Wingstop’s dividend payout ratio is currently 52.38%.

In related news, insider Michael Skipworth sold 2,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.42, for a total transaction of $164,840.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Charles R. Morrison sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $75.80, for a total transaction of $1,516,000.00. Following the completion of the sale, the chief executive officer now owns 88,645 shares of the company’s stock, valued at $6,719,291. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY grew its stake in shares of Wingstop by 6.0% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 9,466 shares of the restaurant operator’s stock valued at $826,000 after buying an additional 533 shares during the period. Millennium Management LLC raised its stake in Wingstop by 1,252.3% during the 3rd quarter. Millennium Management LLC now owns 133,689 shares of the restaurant operator’s stock worth $11,668,000 after buying an additional 123,803 shares during the period. Voloridge Investment Management LLC boosted its holdings in Wingstop by 65.3% in the third quarter. Voloridge Investment Management LLC now owns 63,561 shares of the restaurant operator’s stock worth $5,548,000 after acquiring an additional 25,100 shares in the last quarter. Castleark Management LLC bought a new position in Wingstop in the third quarter worth approximately $1,383,000. Finally, California State Teachers Retirement System grew its stake in Wingstop by 1.2% in the third quarter. California State Teachers Retirement System now owns 45,734 shares of the restaurant operator’s stock valued at $3,992,000 after acquiring an additional 546 shares during the period.

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 December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.

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