Wedbush Comments on Wingstop Inc.’s Q4 2024 Earnings (NASDAQ:WING)

Wingstop Inc. (NASDAQ:WING) – Analysts at Wedbush lifted their Q4 2024 EPS estimates for Wingstop in a research note issued to investors on Thursday, May 2nd. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings per share of $0.80 for the quarter, up from their previous forecast of $0.79. Wedbush currently has a “Outperform” rating and a $425.00 price target 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 released its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.22. The firm had revenue of $145.70 million for the quarter, compared to analysts’ expectations of $136.34 million. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The company’s revenue was up 34.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS.

WING has been the subject of a number of other research reports. Stephens restated an “overweight” rating and issued a $425.00 price target on shares of Wingstop in a research report on Wednesday, May 1st. Morgan Stanley increased their target price on Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. BMO Capital Markets increased their target price on Wingstop from $275.00 to $325.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Truist Financial increased their target price on Wingstop from $320.00 to $345.00 and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus increased their target price on Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $330.39.

Wingstop Stock Performance

Wingstop stock opened at $395.84 on Monday. The stock has a market cap of $11.63 billion, a PE ratio of 140.87, a price-to-earnings-growth ratio of 5.32 and a beta of 1.67. Wingstop has a one year low of $150.08 and a one year high of $400.74. The stock has a fifty day moving average of $361.42 and a 200 day moving average of $290.98.

Wingstop Dividend Announcement

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

Insider Activity

In other 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 transaction, the chief executive officer now directly owns 17,107 shares in the company, valued at approximately $5,771,901.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other 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 transaction, the chief executive officer now directly owns 17,107 shares in the company, valued at approximately $5,771,901.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Marisa Carona sold 2,586 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was 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 of the company’s stock, valued at approximately $612,246.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,901 shares of company stock worth $5,120,605. 0.36% of the stock is currently owned by company insiders.

Institutional Trading of Wingstop

Institutional investors have recently made changes to their positions in the business. Rise Advisors LLC acquired a new stake in shares of Wingstop in the 1st quarter worth $29,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Wingstop in the 4th quarter worth $28,000. GAMMA Investing LLC boosted its position in shares of Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 40 shares in the last quarter. FSC Wealth Advisors LLC acquired a new stake in shares of Wingstop in the 4th quarter worth $39,000. Finally, Riverview Trust Co acquired a new stake in shares of Wingstop in the 1st 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.