Q4 2024 EPS Estimates for Wingstop Inc. (NASDAQ:WING) Lifted by Wedbush

Wingstop Inc. (NASDAQ:WING) – Equities researchers at Wedbush upped their Q4 2024 EPS estimates for shares of Wingstop in a note issued to investors on Thursday, May 2nd. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings per share of $0.80 for the quarter, up from their prior forecast of $0.79. Wedbush currently has a “Outperform” rating and a $425.00 target price on the stock. The consensus estimate for Wingstop’s current full-year earnings is $3.40 per share. Wedbush also issued estimates for Wingstop’s Q1 2025 earnings at $1.16 EPS, Q2 2025 earnings at $0.91 EPS, Q4 2025 earnings at $1.02 EPS and FY2025 earnings at $4.14 EPS.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The business had revenue of $145.70 million during the quarter, compared to the consensus estimate of $136.34 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The company’s revenue was up 34.0% compared to the same quarter last year.

Other analysts have also recently issued reports about the company. Robert W. Baird boosted their price objective on Wingstop from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday. Bank of America boosted their price target on shares of Wingstop from $421.00 to $461.00 and gave the stock a “buy” rating in a report on Thursday. Stephens restated an “overweight” rating and set a $425.00 price objective on shares of Wingstop in a research report on Wednesday, May 1st. Citigroup lifted their target price on shares of Wingstop from $375.00 to $398.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, TD Cowen restated a “buy” rating and set a $410.00 price target on shares of Wingstop in a research report on Wednesday, May 1st. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Wingstop has a consensus rating of “Hold” and an average price target of $330.39.

Wingstop Trading Up 1.8 %

NASDAQ WING opened at $388.55 on Monday. The stock has a market capitalization of $11.41 billion, a price-to-earnings ratio of 138.27, a PEG ratio of 6.42 and a beta of 1.67. The stock has a 50-day moving average of $360.49 and a 200 day moving average of $289.47. Wingstop has a twelve month low of $150.08 and a twelve month high of $396.00.

Wingstop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date is Thursday, May 16th. Wingstop’s dividend payout ratio is presently 31.32%.

Insider Buying and Selling

In other Wingstop news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the sale, the chief executive officer now owns 17,107 shares in the company, valued at $5,771,901.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Kilandigalu Madati sold 1,472 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the transaction, the director now owns 5,450 shares of the company’s stock, valued at approximately $1,852,291.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the sale, the chief executive officer now owns 17,107 shares of the company’s stock, valued at approximately $5,771,901.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,901 shares of company stock worth $5,120,605. Company insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. RIA Advisory Group LLC acquired a new position in Wingstop during the 1st quarter worth about $436,000. Whittier Trust Co. of Nevada Inc. increased its stake in Wingstop by 3.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 12,444 shares of the restaurant operator’s stock worth $4,559,000 after purchasing an additional 430 shares during the period. Whittier Trust Co. lifted its position in shares of Wingstop by 4.0% during the first quarter. Whittier Trust Co. now owns 24,346 shares of the restaurant operator’s stock worth $8,920,000 after purchasing an additional 936 shares in the last quarter. FORA Capital LLC purchased a new position in shares of Wingstop in the first quarter valued at approximately $4,188,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Wingstop by 276.9% in the first quarter. Daiwa Securities Group Inc. now owns 980 shares of the restaurant operator’s stock valued at $359,000 after purchasing an additional 720 shares in the last quarter.

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.