Wall Street analysts expect Wingstop Inc (NASDAQ:WING) to report earnings per share of $0.15 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Wingstop’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.14. Wingstop reported earnings of $0.16 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 6.3%. The business is expected to announce its next earnings results after the market closes on Thursday, May 4th.
On average, analysts expect that Wingstop will report full-year earnings of $0.64 per share for the current year, with EPS estimates ranging from $0.61 to $0.66. For the next financial year, analysts expect that the business will report earnings of $0.79 per share, with EPS estimates ranging from $0.72 to $0.84. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Wingstop.
Wingstop (NASDAQ:WING) last released its earnings results on Thursday, March 2nd. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The firm earned $24.80 million during the quarter, compared to analyst estimates of $25.04 million. Wingstop had a net margin of 17.11% and a negative return on equity of 69.17%. The business’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the business earned $0.13 EPS.
Several equities analysts have recently weighed in on the stock. Stephens raised shares of Wingstop from an “equal weight” rating to an “overweight” rating and set a $32.00 target price for the company in a report on Monday, April 24th. 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. 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. Wedbush reissued an “outperform” rating and issued a $36.00 price target on shares of Wingstop in a report on Friday, April 7th. Finally, Zacks Investment Research lowered shares of Wingstop from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 4th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $32.91.
ILLEGAL ACTIVITY WARNING: “Wingstop Inc (WING) Expected to Post Earnings of $0.15 Per Share” was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://sportsperspectives.com/2017/05/20/wingstop-inc-wing-expected-to-post-earnings-of-0-15-per-share-updated-updated.html.
Large investors have recently modified their holdings of the company. Louisiana State Employees Retirement System raised its stake in shares of Wingstop by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the restaurant operator’s stock valued at $334,000 after buying an additional 200 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Wingstop by 1.0% in the fourth quarter. Teachers Advisors LLC now owns 24,881 shares of the restaurant operator’s stock valued at $736,000 after buying an additional 252 shares during the last quarter. Cadence Capital Management LLC raised its stake in shares of Wingstop by 3.3% in the fourth quarter. Cadence Capital Management LLC now owns 18,030 shares of the restaurant operator’s stock valued at $534,000 after buying an additional 580 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Wingstop during the fourth quarter valued at approximately $231,000. Finally, Pacad Investment Ltd. raised its stake in shares of Wingstop by 1,300.0% in the fourth quarter. Pacad Investment Ltd. now owns 9,800 shares of the restaurant operator’s stock valued at $290,000 after buying an additional 9,100 shares during the last quarter. 92.13% of the stock is owned by institutional investors.
Wingstop (NASDAQ:WING) traded down 0.27% during midday trading on Thursday, hitting $29.43. 409,014 shares of the stock traded hands. The firm has a market cap of $849.47 million, a PE ratio of 55.53 and a beta of 0.81. The stock has a 50-day moving average of $27.68 and a 200 day moving average of $28.54. Wingstop has a 52-week low of $24.33 and a 52-week high of $33.42.
Wingstop Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Wingstop Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop Inc and related companies with MarketBeat.com's FREE daily email newsletter.