Brokerages Expect Wingstop Inc. (NASDAQ:WING) to Announce $0.36 EPS

Wall Street analysts expect Wingstop Inc. (NASDAQ:WINGGet Rating) to post earnings of $0.36 per share for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Wingstop’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.41. Wingstop posted earnings of $0.38 per share in the same quarter last year, which suggests a negative year over year growth rate of 5.3%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Wingstop will report full year earnings of $1.58 per share for the current year, with EPS estimates ranging from $1.51 to $1.74. For the next financial year, analysts expect that the business will report earnings of $1.90 per share, with EPS estimates ranging from $1.75 to $2.28. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Wingstop.

Wingstop (NASDAQ:WINGGet Rating) last released its earnings results on Wednesday, May 4th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Wingstop had a negative return on equity of 10.89% and a net margin of 13.25%. The business had revenue of $76.20 million for the quarter, compared to analysts’ expectations of $86.16 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year.

Several equities analysts recently weighed in on WING shares. Royal Bank of Canada cut their target price on shares of Wingstop from $170.00 to $156.00 and set a “sector perform” rating for the company in a research note on Thursday, February 17th. The Goldman Sachs Group boosted their target price on Wingstop from $168.00 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, February 17th. Deutsche Bank Aktiengesellschaft cut their price target on Wingstop from $168.00 to $100.00 in a report on Thursday, May 5th. Piper Sandler cut Wingstop from an “overweight” rating to an “underweight” rating in a report on Friday, March 18th. Finally, Cowen cut their target price on shares of Wingstop from $120.00 to $100.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Wingstop currently has a consensus rating of “Buy” and an average price target of $152.50.

In related news, CEO Charles R. Morrison sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $136.50, for a total value of $136,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Michael Skipworth sold 748 shares of the business’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $136.24, for a total transaction of $101,907.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,429 shares of company stock worth $330,888. Insiders own 0.64% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Wingstop by 1.5% during the 1st quarter. BlackRock Inc. now owns 3,586,391 shares of the restaurant operator’s stock valued at $420,864,000 after purchasing an additional 51,296 shares during the period. American Century Companies Inc. increased its holdings in Wingstop by 5.9% during the first quarter. American Century Companies Inc. now owns 1,948,040 shares of the restaurant operator’s stock valued at $228,603,000 after buying an additional 108,916 shares during the period. Wellington Management Group LLP raised its stake in Wingstop by 3.5% in the first quarter. Wellington Management Group LLP now owns 1,751,221 shares of the restaurant operator’s stock worth $205,506,000 after buying an additional 59,529 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Wingstop by 9.2% during the fourth quarter. Alliancebernstein L.P. now owns 973,704 shares of the restaurant operator’s stock worth $168,256,000 after buying an additional 82,425 shares during the period. Finally, State Street Corp lifted its holdings in Wingstop by 2.6% during the first quarter. State Street Corp now owns 919,752 shares of the restaurant operator’s stock worth $111,549,000 after buying an additional 22,958 shares during the period.

WING traded down $1.05 during trading on Friday, reaching $73.16. 643,128 shares of the company traded hands, compared to its average volume of 831,246. The company has a market cap of $2.19 billion, a P/E ratio of 57.16, a PEG ratio of 4.36 and a beta of 1.40. Wingstop has a 12-month low of $70.46 and a 12-month high of $187.35. The firm has a fifty day simple moving average of $101.37 and a 200 day simple moving average of $137.73.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Friday, May 20th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 19th. Wingstop’s payout ratio is currently 53.13%.

About Wingstop (Get Rating)

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. As of December 25, 2021, the company had 1,695 franchised restaurants and 36 company-owned restaurants in 44 states and 7 countries worldwide.

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Earnings History and Estimates for Wingstop (NASDAQ:WING)

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