Wingstop (NASDAQ:WING) Issues Earnings Results

Wingstop (NASDAQ:WING) released its quarterly earnings results on Wednesday. The restaurant operator reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11, Briefing.com reports. Wingstop had a negative return on equity of 20.97% and a net margin of 17.33%. The company had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $146.04 million. During the same period in the prior year, the firm earned $0.57 earnings per share. The firm’s revenue was up 45.3% compared to the same quarter last year.

Wingstop Stock Performance

Shares of WING stock opened at $371.66 on Friday. The stock’s 50-day moving average is $394.38 and its two-hundred day moving average is $360.69. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of 132.26, a PEG ratio of 4.26 and a beta of 1.69. Wingstop has a 1 year low of $150.08 and a 1 year high of $431.03.

Wingstop Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.27 per share. This is a positive change from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.29%. Wingstop’s dividend payout ratio (DPR) is presently 31.32%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WING shares. TD Cowen reaffirmed a “buy” rating and set a $450.00 price objective on shares of Wingstop in a research report on Wednesday. Benchmark reaffirmed a “hold” rating on shares of Wingstop in a research report on Thursday, May 2nd. Bank of America upped their price objective on Wingstop from $421.00 to $461.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Jefferies Financial Group upped their price objective on Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Finally, BMO Capital Markets upped their price objective on Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a research report on Thursday. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $348.63.

Insiders Place Their Bets

In other Wingstop news, Director Kate S. Lavelle sold 750 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $394.57, for a total transaction of $295,927.50. Following the transaction, the director now owns 3,567 shares of the company’s stock, valued at $1,407,431.19. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Albert G. Mcgrath sold 4,230 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the completion of the sale, the senior vice president now owns 8,170 shares in the company, valued at $3,238,588. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kate S. Lavelle sold 750 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $394.57, for a total transaction of $295,927.50. Following the sale, the director now owns 3,567 shares of the company’s stock, valued at approximately $1,407,431.19. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,191 shares of company stock valued at $2,443,547. 0.36% of the stock is currently owned by insiders.

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.