Wedbush Equities Analysts Increase Earnings Estimates for Wingstop Inc (WING)

Wingstop Inc (NASDAQ:WING) – Equities research analysts at Wedbush increased their FY2018 earnings estimates for shares of Wingstop in a report released on Friday. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of $0.82 per share for the year, up from their prior estimate of $0.81. Wedbush currently has a “Neutral” rating and a $40.00 target price on the stock.

A number of other brokerages also recently issued reports on WING. Longbow Research initiated coverage on shares of Wingstop in a research report on Friday, October 13th. They set a “neutral” rating on the stock. Cowen restated an “outperform” rating and set a $37.00 target price on shares of Wingstop in a report on Saturday, September 16th. SunTrust Banks restated a “buy” rating and set a $50.00 target price on shares of Wingstop in a report on Wednesday, January 3rd. Zacks Investment Research cut shares of Wingstop from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Robert W. Baird restated a “buy” rating and set a $44.00 target price (up previously from $30.00) on shares of Wingstop in a report on Monday, December 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Wingstop presently has an average rating of “Hold” and a consensus target price of $39.75.

Shares of Wingstop (NASDAQ WING) traded up $1.21 during trading on Monday, reaching $44.44. 1,163,600 shares of the company’s stock were exchanged, compared to its average volume of 739,550. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -2.37. The stock has a market cap of $1,290.00 and a P/E ratio of 61.72. Wingstop has a fifty-two week low of $24.74 and a fifty-two week high of $44.75.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $26.03 million for the quarter, compared to the consensus estimate of $25.13 million. Wingstop had a net margin of 20.70% and a negative return on equity of 32.39%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS.

The firm also recently announced a None dividend, which was paid on Tuesday, December 19th. Stockholders of record on Monday, December 4th were issued a dividend of $0.07 per share. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, December 1st. Wingstop’s dividend payout ratio (DPR) is presently 19.44%.

In related news, Director Michael J. Hislop sold 5,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $41.03, for a total value of $205,150.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Flynn Dekker sold 16,350 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total transaction of $584,839.50. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Wingstop by 1.2% in the 2nd quarter. BlackRock Inc. now owns 3,515,978 shares of the restaurant operator’s stock worth $108,645,000 after purchasing an additional 42,017 shares in the last quarter. Vanguard Group Inc. boosted its stake in Wingstop by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,433,708 shares of the restaurant operator’s stock worth $75,200,000 after purchasing an additional 16,622 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Wingstop by 56.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,453,769 shares of the restaurant operator’s stock worth $44,921,000 after purchasing an additional 523,811 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in Wingstop by 3.8% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,351,608 shares of the restaurant operator’s stock worth $44,941,000 after purchasing an additional 49,815 shares in the last quarter. Finally, Bamco Inc. NY boosted its stake in Wingstop by 4.7% in the 3rd quarter. Bamco Inc. NY now owns 1,010,000 shares of the restaurant operator’s stock worth $33,582,000 after purchasing an additional 45,000 shares in the last quarter.

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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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