Q3 2024 EPS Estimates for Wingstop Inc. Lifted by Analyst (NASDAQ:WING)

Wingstop Inc. (NASDAQ:WING) – Wedbush boosted their Q3 2024 earnings estimates for shares of Wingstop in a research note issued to investors on Friday, April 26th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of $0.83 per share for the quarter, up from their prior forecast of $0.81. Wedbush currently has a “Outperform” rating and a $400.00 target price on the stock. The consensus estimate for Wingstop’s current full-year earnings is $3.03 per share. Wedbush also issued estimates for Wingstop’s FY2024 earnings at $3.08 EPS, Q1 2025 earnings at $0.74 EPS, Q2 2025 earnings at $0.96 EPS, Q3 2025 earnings at $0.97 EPS, Q4 2025 earnings at $0.99 EPS and FY2025 earnings at $3.66 EPS.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. The business had revenue of $127.06 million for the quarter, compared to the consensus estimate of $120.47 million. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share.

A number of other research analysts have also recently weighed in on WING. Truist Financial reiterated a “hold” rating and set a $292.00 price objective on shares of Wingstop in a research report on Monday, April 1st. TD Cowen reiterated a “buy” rating and set a $410.00 price target on shares of Wingstop in a report on Wednesday, April 10th. BMO Capital Markets raised their price objective on shares of Wingstop from $235.00 to $275.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd. Benchmark reiterated a “hold” rating on shares of Wingstop in a report on Tuesday, April 23rd. Finally, Stifel Nicolaus boosted their price objective on Wingstop from $270.00 to $330.00 and gave the company a “buy” rating in a report on Friday, February 16th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $294.17.

Wingstop Stock Performance

NASDAQ WING opened at $382.56 on Monday. The company has a market cap of $11.24 billion, a P/E ratio of 162.79, a P/E/G ratio of 6.61 and a beta of 1.68. The business’s 50 day moving average price is $354.56 and its 200-day moving average price is $282.25. Wingstop has a fifty-two week low of $150.08 and a fifty-two week high of $383.98.

Wingstop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Thursday, March 7th. Wingstop’s dividend payout ratio (DPR) is 37.45%.

Insider Transactions at Wingstop

In related news, Director Kilandigalu Madati sold 1,472 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total value of $500,288.64. Following the completion of the transaction, the director now owns 5,450 shares of the company’s stock, valued at $1,852,291.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Wingstop news, SVP Marisa Carona sold 2,586 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $371.96, for a total value of $961,888.56. Following the completion of the sale, the senior vice president now directly owns 1,646 shares in the company, valued at $612,246.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total value of $500,288.64. Following the transaction, the director now directly owns 5,450 shares in the company, valued at $1,852,291.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,901 shares of company stock valued at $5,120,605. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Wingstop

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WING. Rise Advisors LLC acquired a new position in shares of Wingstop during the first quarter valued at about $29,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Wingstop during the 4th quarter worth approximately $28,000. GAMMA Investing LLC increased its stake in Wingstop by 53.3% during the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 40 shares in the last quarter. FSC Wealth Advisors LLC purchased a new position in shares of Wingstop in the fourth quarter worth $39,000. Finally, Riverview Trust Co acquired a new stake in shares of Wingstop during the first quarter worth $66,000.

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.