Wingstop (WING) to Release Earnings on Wednesday

Wingstop (NASDAQ:WING) is set to release its earnings data before the market opens on Wednesday, October 30th. Analysts expect Wingstop to post earnings of $0.96 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $155.70 million for the quarter, compared to analyst estimates of $146.04 million. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. Wingstop’s revenue for the quarter was up 45.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 earnings per share. On average, analysts expect Wingstop to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Wingstop Stock Up 0.3 %

Shares of Wingstop stock opened at $360.38 on Monday. The stock’s fifty day moving average is $394.46 and its 200-day moving average is $388.92. The firm has a market capitalization of $10.56 billion, a PE ratio of 128.25, a price-to-earnings-growth ratio of 3.64 and a beta of 1.71. Wingstop has a 12-month low of $173.74 and a 12-month high of $433.86.

Wingstop Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from Wingstop’s previous quarterly dividend of $0.22. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.30%. Wingstop’s payout ratio is 38.43%.

Insider Transactions at Wingstop

In related news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the completion of the sale, the senior vice president now owns 97 shares in the company, valued at $36,152.87. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wedbush upped their price target on Wingstop from $425.00 to $440.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Truist Financial upped their price target on Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Raymond James raised Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Thursday, August 1st. Stephens restated an “overweight” rating and issued a $490.00 target price on shares of Wingstop in a research note on Thursday. Finally, BMO Capital Markets boosted their target price on Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $382.88.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.