Wingstop (WING) Set to Announce Earnings on Wednesday

Wingstop (NASDAQ:WING) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect Wingstop to post earnings of $0.72 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 EPS for the quarter, topping the consensus estimate of $0.57 by $0.07. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The business had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $120.47 million. During the same quarter last year, the firm posted $0.60 earnings per share. The firm’s revenue was up 21.2% on a year-over-year basis. On average, analysts expect Wingstop to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Wingstop Price Performance

NASDAQ WING opened at $384.82 on Tuesday. The business has a 50 day simple moving average of $355.87 and a 200 day simple moving average of $283.73. Wingstop has a one year low of $150.08 and a one year high of $392.48. The stock has a market capitalization of $11.30 billion, a P/E ratio of 163.75, a P/E/G ratio of 6.57 and a beta of 1.68.

Wingstop Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Stephens assumed coverage on Wingstop in a research note on Friday, April 12th. They set an “overweight” rating and a $425.00 target price for the company. Citigroup raised their target price on Wingstop from $320.00 to $375.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Morgan Stanley increased their price target on Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Wedbush raised their price objective on Wingstop from $340.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Robert W. Baird raised their price objective on Wingstop from $320.00 to $340.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $294.17.

Insider Activity at Wingstop

In related news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the transaction, the chief executive officer now owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Kilandigalu Madati sold 1,472 shares of Wingstop stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the sale, the director now directly owns 5,450 shares in the company, valued at $1,852,291.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 14,901 shares of company stock valued at $5,120,605 over the last 90 days. Insiders own 0.36% of the company’s stock.

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.