Wingstop Inc. (NASDAQ:WING) to Post Q4 2024 Earnings of $0.80 Per Share, Wedbush Forecasts

Wingstop Inc. (NASDAQ:WING) – Wedbush boosted their Q4 2024 earnings estimates for shares of Wingstop in a report released on Thursday, May 2nd. Wedbush analyst N. Setyan now expects that the restaurant operator will earn $0.80 per share for the quarter, up from their prior estimate of $0.79. Wedbush currently has a “Outperform” rating and a $425.00 target price on the stock. The consensus estimate for Wingstop’s current full-year earnings is $3.40 per share. Wedbush also issued estimates for Wingstop’s Q1 2025 earnings at $1.16 EPS, Q2 2025 earnings at $0.91 EPS, Q4 2025 earnings at $1.02 EPS and FY2025 earnings at $4.14 EPS.

Other analysts have also issued research reports about the company. BMO Capital Markets increased their price objective on Wingstop from $275.00 to $325.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Citigroup upped their price target on Wingstop from $375.00 to $398.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Morgan Stanley upped their target price on Wingstop from $280.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Barclays boosted their price objective on shares of Wingstop from $350.00 to $418.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus raised their price objective on shares of Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $330.39.

Wingstop Price Performance

Shares of WING stock opened at $397.84 on Monday. The business has a 50-day moving average of $362.60 and a 200 day moving average of $292.52. Wingstop has a 1-year low of $150.08 and a 1-year high of $400.74. The stock has a market capitalization of $11.68 billion, a PE ratio of 141.58, a P/E/G ratio of 5.32 and a beta of 1.67.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.22. The business had revenue of $145.70 million during the quarter, compared to analyst estimates of $136.34 million. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The company’s revenue was up 34.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.88 annualized dividend and a dividend yield of 0.22%. Wingstop’s dividend payout ratio is presently 31.32%.

Insider Transactions at Wingstop

In related news, CEO Michael Skipworth sold 10,843 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total value of $3,658,428.20. Following the completion of the transaction, the chief executive officer now directly owns 17,107 shares in the company, valued at approximately $5,771,901.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Michael Skipworth sold 10,843 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the sale, the chief executive officer now directly owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kilandigalu Madati sold 1,472 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $339.87, for a total value of $500,288.64. Following the completion of the transaction, the director now directly owns 5,450 shares of the company’s stock, valued at approximately $1,852,291.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,901 shares of company stock worth $5,120,605. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Wingstop

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Congress Asset Management Co. MA boosted its stake in shares of Wingstop by 0.3% in the 4th quarter. Congress Asset Management Co. MA now owns 11,380 shares of the restaurant operator’s stock worth $2,920,000 after buying an additional 34 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Wingstop by 16.9% in the fourth quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock worth $67,000 after purchasing an additional 38 shares during the last quarter. Kovack Advisors Inc. grew its stake in shares of Wingstop by 1.7% during the 4th quarter. Kovack Advisors Inc. now owns 2,319 shares of the restaurant operator’s stock valued at $595,000 after purchasing an additional 39 shares during the period. GAMMA Investing LLC increased its position in shares of Wingstop by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 40 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Wingstop by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 13,150 shares of the restaurant operator’s stock worth $2,365,000 after purchasing an additional 60 shares during the period.

About Wingstop

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.