Brokers Set Expectations for Wingstop Inc’s FY2017 Earnings (WING)

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%.

COPYRIGHT VIOLATION WARNING: This story was first published by Stock Observer and is the property of of Stock Observer. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://www.thestockobserver.com/2018/01/13/brokers-set-expectations-for-wingstop-incs-fy2017-earnings-wing.html.

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.

Receive News & Ratings for Wingstop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply