Wingstop Inc (WING) Expected to Post Earnings of $0.15 Per Share

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.

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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.

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