Wingstop Inc (NASDAQ:WING) – Stock analysts at Piper Sandler upped their Q3 2020 earnings per share (EPS) estimates for Wingstop in a research report issued on Wednesday, July 8th. Piper Sandler analyst N. Regan now expects that the restaurant operator will post earnings of $0.23 per share for the quarter, up from their previous estimate of $0.20. Piper Sandler currently has a “Overweight” rating and a $158.00 target price on the stock. Piper Sandler also issued estimates for Wingstop’s Q4 2020 earnings at $0.22 EPS, Q3 2021 earnings at $0.30 EPS, Q4 2021 earnings at $0.30 EPS and FY2022 earnings at $1.60 EPS.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, May 6th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Wingstop had a net margin of 10.61% and a negative return on equity of 11.05%. The company had revenue of $55.44 million during the quarter, compared to the consensus estimate of $55.69 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The company’s revenue was up 15.4% compared to the same quarter last year.

A number of other equities research analysts also recently issued reports on the stock. SunTrust Banks increased their target price on shares of Wingstop from $108.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Robert W. Baird increased their target price on shares of Wingstop from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Jefferies Financial Group increased their price target on shares of Wingstop from $95.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Zacks Investment Research upgraded shares of Wingstop from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, April 1st. Finally, Wedbush increased their price target on shares of Wingstop from $85.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $120.94.

WING stock opened at $129.70 on Monday. Wingstop has a 12-month low of $44.27 and a 12-month high of $146.13. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 175.27, a PEG ratio of 12.17 and a beta of 1.17. The company has a 50 day moving average of $128.49 and a two-hundred day moving average of $103.21.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Wednesday, June 17th. Wingstop’s payout ratio is presently 60.27%.

In other Wingstop news, insider Nicolas Boudet sold 459 shares of Wingstop stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $126.98, for a total transaction of $58,283.82. Following the completion of the transaction, the insider now owns 15,605 shares of the company’s stock, valued at approximately $1,981,522.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Madison Jobe sold 3,000 shares of Wingstop stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $124.30, for a total value of $372,900.00. Following the transaction, the insider now directly owns 15,605 shares of the company’s stock, valued at approximately $1,939,701.50. The disclosure for this sale can be found here. Insiders have sold a total of 18,459 shares of company stock valued at $2,254,284 in the last ninety days. Insiders own 1.06% of the company’s stock.

A number of hedge funds have recently bought and sold shares of WING. Fred Alger Management LLC raised its holdings in shares of Wingstop by 5.4% during the fourth quarter. Fred Alger Management LLC now owns 1,647,839 shares of the restaurant operator’s stock valued at $142,093,000 after acquiring an additional 84,445 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Wingstop by 1.1% during the first quarter. Federated Hermes Inc. now owns 1,405,550 shares of the restaurant operator’s stock valued at $112,023,000 after acquiring an additional 15,603 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Wingstop by 95.9% during the first quarter. Eagle Asset Management Inc. now owns 1,308,821 shares of the restaurant operator’s stock valued at $108,675,000 after acquiring an additional 640,693 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Wingstop by 3.5% during the first quarter. Invesco Ltd. now owns 1,204,647 shares of the restaurant operator’s stock valued at $96,010,000 after acquiring an additional 40,304 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Wingstop by 29.5% during the fourth quarter. Franklin Resources Inc. now owns 891,971 shares of the restaurant operator’s stock valued at $76,915,000 after acquiring an additional 203,130 shares in the last quarter.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.

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Earnings History and Estimates for Wingstop (NASDAQ:WING)

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