Wingstop (NASDAQ:WING) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Wingstop (NASDAQ:WING) posted its quarterly earnings data on Wednesday. The restaurant operator reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11, Briefing.com reports. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The business had revenue of $155.70 million during the quarter, compared to the consensus estimate of $146.04 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was up 45.3% compared to the same quarter last year.

Wingstop Stock Performance

Shares of Wingstop stock traded down $2.22 during trading on Thursday, hitting $371.66. 514,380 shares of the stock were exchanged, compared to its average volume of 464,410. The stock’s fifty day moving average is $394.38 and its 200 day moving average is $360.69. The stock has a market cap of $10.89 billion, a PE ratio of 132.26, a P/E/G ratio of 4.29 and a beta of 1.69. Wingstop has a 12 month low of $150.08 and a 12 month high of $431.03.

Wingstop Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.29%. This is a positive change from Wingstop’s previous quarterly dividend of $0.22. Wingstop’s dividend payout ratio is currently 31.32%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a research report on Thursday. Citigroup upped their price objective on shares of Wingstop from $375.00 to $398.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Raymond James upgraded shares of Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Thursday. Barclays upped their price objective on shares of Wingstop from $418.00 to $425.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Bank of America increased their target price on shares of Wingstop from $421.00 to $461.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Wingstop presently has an average rating of “Hold” and an average target price of $348.63.

Insider Buying and Selling

In other Wingstop news, SVP Albert G. Mcgrath sold 4,230 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 8,170 shares of the company’s stock, valued at approximately $3,238,588. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Wingstop news, Director Ania Smith sold 566 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $380.91, for a total transaction of $215,595.06. Following the completion of the sale, the director now directly owns 1,164 shares of the company’s stock, valued at $443,379.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Albert G. Mcgrath sold 4,230 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the sale, the senior vice president now directly owns 8,170 shares of the company’s stock, valued at $3,238,588. The disclosure for this sale can be found here. Insiders sold 6,191 shares of company stock valued at $2,443,547 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

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.