Wingstop Inc (NASDAQ:WING) – Stock analysts at SunTrust Banks lifted their FY2017 earnings per share estimates for Wingstop in a research report issued on Thursday. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings per share of $0.74 for the year, up from their previous estimate of $0.73. SunTrust Banks has a “Buy” rating and a $52.00 price target on the stock. SunTrust Banks also issued estimates for Wingstop’s FY2018 earnings at $0.94 EPS and FY2019 earnings at $1.19 EPS.
Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $26.03 million for the quarter, compared to analysts’ expectations of $25.13 million. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 EPS.
A number of other research firms have also recently weighed in on WING. Longbow Research initiated coverage on shares of Wingstop in a research report on Friday, October 13th. They set a “neutral” rating for the company. Cowen reaffirmed an “outperform” rating and set a $37.00 price objective on shares of Wingstop in a research report on Saturday, September 16th. Zacks Investment Research cut shares of Wingstop from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Robert W. Baird reaffirmed a “buy” rating and set a $44.00 price objective (up previously from $30.00) on shares of Wingstop in a research report on Monday, December 4th. Finally, BidaskClub raised shares of Wingstop from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $39.92.
Wingstop (WING) opened at $45.08 on Friday. 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 firm has a market cap of $1,310.00 and a P/E ratio of 62.61. Wingstop has a 1 year low of $24.74 and a 1 year high of $45.14.
Large investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC raised its stake in Wingstop by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock worth $108,000 after acquiring an additional 1,396 shares in the last quarter. Pinebridge Investments L.P. raised its stake in Wingstop by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock worth $118,000 after acquiring an additional 52 shares in the last quarter. Turner Investments LLC acquired a new stake in Wingstop during the 3rd quarter worth $150,000. Piedmont Investment Advisors LLC acquired a new stake in Wingstop during the 3rd quarter worth $210,000. Finally, Bayesian Capital Management LP acquired a new stake in Wingstop during the 2nd quarter worth $241,000.
In other news, Director Michael J. Hislop sold 5,000 shares of the firm’s stock in a transaction on 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 document filed with the SEC, which is available through this hyperlink. Also, insider Flynn Dekker sold 16,350 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were 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. 1.76% of the stock is currently owned by company insiders.
The company also recently disclosed a None dividend, which was paid on Tuesday, December 19th. Stockholders of record on Monday, December 4th were issued a $0.07 dividend. The ex-dividend date was Friday, December 1st. This represents a dividend yield of 0.77%. Wingstop’s payout ratio is 19.44%.
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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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