Wingstop (WING) Scheduled to Post Quarterly Earnings on Wednesday

Wingstop (NASDAQ:WING) is scheduled to announce its earnings results before the market opens on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.98 EPS for the quarter, topping the consensus estimate of $0.76 by $0.22. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The company had revenue of $145.70 million during the quarter, compared to analyst estimates of $136.34 million. During the same period in the previous year, the firm earned $0.59 earnings per share. Wingstop’s quarterly revenue was up 34.0% compared to the same quarter last year. On average, analysts expect Wingstop to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Wingstop Trading Up 0.3 %

Shares of WING opened at $367.52 on Tuesday. The company’s fifty day simple moving average is $394.55 and its 200-day simple moving average is $359.79. The company has a market cap of $10.77 billion, a P/E ratio of 130.79, a P/E/G ratio of 4.18 and a beta of 1.69. Wingstop has a twelve month low of $150.08 and a twelve month high of $431.03.

Analysts Set New Price Targets

A number of research firms recently weighed in on WING. TD Cowen increased their price objective on shares of Wingstop from $430.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Truist Financial boosted their price objective on Wingstop from $393.00 to $407.00 and gave the company a “hold” rating in a report on Tuesday, July 9th. Barclays boosted their target price on shares of Wingstop from $350.00 to $418.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Stephens restated an “overweight” rating and issued a $425.00 price target on shares of Wingstop in a report on Wednesday, May 1st. Finally, Robert W. Baird lifted their price objective on shares of Wingstop from $390.00 to $405.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $357.89.

Insider Transactions at Wingstop

In other Wingstop news, SVP Albert G. Mcgrath sold 4,230 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total value of $1,676,772.00. Following the completion of the transaction, the senior vice president now owns 8,170 shares of the company’s stock, valued at $3,238,588. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Kate S. Lavelle sold 750 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $394.57, for a total value of $295,927.50. Following the sale, the director now directly owns 3,567 shares of the company’s stock, valued at approximately $1,407,431.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Albert G. Mcgrath sold 4,230 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the transaction, the senior vice president now directly owns 8,170 shares of the company’s stock, valued at approximately $3,238,588. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,191 shares of company stock worth $2,443,547. Insiders own 0.36% of the company’s stock.

Wingstop Company Profile

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.