Wingstop Inc. (NASDAQ:WING) – SunTrust Banks lowered their Q2 2017 EPS estimates for Wingstop in a report issued on Wednesday. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will post earnings per share of $0.15 for the quarter, down from their prior estimate of $0.16. SunTrust Banks also issued estimates for Wingstop’s FY2018 earnings at $0.79 EPS.
Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Thursday, May 4th. The restaurant operator reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $26.57 million during the quarter, compared to analysts’ expectations of $24.22 million. Wingstop had a net margin of 18.44% and a negative return on equity of 33.91%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. TRADEMARK VIOLATION NOTICE: This report was reported by BBNS and is owned by of BBNS. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://baseballnewssource.com/markets/q2-2017-earnings-estimate-for-wingstop-inc-issued-by-suntrust-banks-nasdaqwing-updated-updated/1251198.html.
A number of other equities analysts also recently weighed in on WING. Wedbush reissued an “outperform” rating and issued a $36.00 price target on shares of Wingstop in a report on Friday, April 7th. Jefferies Group LLC reissued a “hold” rating and issued a $28.00 price target on shares of Wingstop in a report on Wednesday, April 12th. Cowen and Company reissued an “outperform” rating and issued a $34.00 price target on shares of Wingstop in a report on Sunday, April 23rd. Stephens raised shares of Wingstop from an “equal weight” rating to an “overweight” rating and set a $32.00 price target on the stock in a report on Monday, April 24th. Finally, Zacks Investment Research raised shares of Wingstop from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $34.55.
Shares of Wingstop (NASDAQ:WING) opened at 31.45 on Friday. Wingstop has a 1-year low of $24.74 and a 1-year high of $33.42. The stock’s 50 day moving average is $30.45 and its 200-day moving average is $28.88. The firm has a market cap of $911.33 million, a PE ratio of 52.33 and a beta of 0.62.
Large investors have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC increased its stake in Wingstop by 291.0% in the first quarter. LS Investment Advisors LLC now owns 4,321 shares of the restaurant operator’s stock valued at $122,000 after buying an additional 3,216 shares during the period. BNP Paribas Arbitrage SA increased its stake in Wingstop by 16.2% in the first quarter. BNP Paribas Arbitrage SA now owns 5,767 shares of the restaurant operator’s stock valued at $163,000 after buying an additional 804 shares during the period. State of Alaska Department of Revenue increased its stake in Wingstop by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 5,720 shares of the restaurant operator’s stock valued at $176,000 after buying an additional 2,530 shares during the period. Mason Street Advisors LLC increased its stake in Wingstop by 7.4% in the first quarter. Mason Street Advisors LLC now owns 6,750 shares of the restaurant operator’s stock valued at $191,000 after buying an additional 468 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Wingstop during the first quarter valued at approximately $202,000.
In other Wingstop news, CFO Michael Mravle sold 34,605 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $30.82, for a total transaction of $1,066,526.10. Following the sale, the chief financial officer now directly owns 75,400 shares of the company’s stock, valued at $2,323,828. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Sidney J. Feltenstein sold 26,000 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $30.06, for a total transaction of $781,560.00. Following the sale, the director now directly owns 39,750 shares in the company, valued at $1,194,885. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,510 shares of company stock worth $2,448,937. Insiders own 1.76% of the company’s stock.
Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.
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