Brokerages predict that Wingstop Inc. (NASDAQ:WING) will report sales of $25.01 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Wingstop’s earnings, with estimates ranging from $24.55 million to $25.51 million. Wingstop reported sales of $21.81 million in the same quarter last year, which indicates a positive year-over-year growth rate of 14.7%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Thursday, November 2nd.
On average, analysts expect that Wingstop will report full year sales of $25.01 million for the current year, with estimates ranging from $102.51 million to $104.54 million. For the next year, analysts forecast that the firm will post sales of $113.03 million per share, with estimates ranging from $111.01 million to $115.43 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Wingstop.
Wingstop (NASDAQ:WING) last posted its earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The company had revenue of $24.70 million during the quarter, compared to analysts’ expectations of $24.61 million. Wingstop had a net margin of 19.28% and a negative return on equity of 28.04%. During the same period last year, the company posted $0.15 earnings per share.
A number of equities analysts have weighed in on the stock. Cowen and Company restated a “buy” rating on shares of Wingstop in a research report on Thursday, August 24th. BidaskClub raised shares of Wingstop from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Stifel Nicolaus started coverage on shares of Wingstop in a report on Monday, October 2nd. They set a “hold” rating and a $35.00 target price for the company. Zacks Investment Research raised shares of Wingstop from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $39.00 target price on shares of Wingstop in a report on Monday, October 9th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $34.89.
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In other news, insider Lawrence Kruguer sold 10,526 shares of Wingstop stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $33.67, for a total transaction of $354,410.42. Following the completion of the transaction, the insider now owns 22,116 shares of the company’s stock, valued at approximately $744,645.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles R. Morrison sold 25,000 shares of Wingstop stock in a transaction on Monday, August 21st. The stock was sold at an average price of $34.71, for a total value of $867,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 47,083 shares of company stock valued at $1,622,033 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Koch Industries Inc. acquired a new position in shares of Wingstop during the 2nd quarter worth $286,000. Sterling Capital Management LLC raised its stake in shares of Wingstop by 24.8% during the 2nd quarter. Sterling Capital Management LLC now owns 26,418 shares of the restaurant operator’s stock worth $816,000 after buying an additional 5,255 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Wingstop by 66.1% during the 2nd quarter. California State Teachers Retirement System now owns 51,502 shares of the restaurant operator’s stock worth $1,591,000 after buying an additional 20,500 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Wingstop by 77.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,587 shares of the restaurant operator’s stock worth $699,000 after buying an additional 9,892 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Wingstop by 47.7% during the 2nd quarter. State Street Corp now owns 635,514 shares of the restaurant operator’s stock worth $19,639,000 after buying an additional 205,100 shares during the last quarter.
Wingstop (WING) opened at 32.94 on Wednesday. Wingstop has a 1-year low of $24.74 and a 1-year high of $35.91. The stock has a market capitalization of $957.63 million, a PE ratio of 51.39 and a beta of 0.58. The company’s 50-day moving average is $33.21 and its 200 day moving average is $31.21.
The company also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Sunday, September 3rd were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Wednesday, August 30th. Wingstop’s dividend payout ratio (DPR) is presently 10.94%.
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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