Wingstop (NASDAQ:WING) Issues Earnings Results

Wingstop (NASDAQ:WING) released its quarterly earnings results on Wednesday. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.09), Briefing.com reports. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The firm had revenue of $162.50 million for the quarter, compared to the consensus estimate of $160.24 million. During the same quarter in the previous year, the business posted $0.69 EPS. The firm’s revenue for the quarter was up 38.8% compared to the same quarter last year.

Wingstop Trading Up 0.4 %

Shares of Wingstop stock traded up $1.11 on Thursday, reaching $291.10. The stock had a trading volume of 872,806 shares, compared to its average volume of 449,142. The business’s 50 day moving average is $392.16 and its two-hundred day moving average is $388.27. The company has a market cap of $8.53 billion, a P/E ratio of 104.03, a price-to-earnings-growth ratio of 3.41 and a beta of 1.71. Wingstop has a 1 year low of $177.88 and a 1 year high of $433.86.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop’s dividend payout ratio is presently 38.43%.

Wall Street Analyst Weigh In

A number of analysts have commented on WING shares. Citigroup upped their price target on shares of Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Truist Financial boosted their target price on shares of Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Raymond James raised Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a report on Thursday, August 1st. Stephens cut their target price on Wingstop from $490.00 to $468.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Piper Sandler increased their price target on Wingstop from $353.00 to $375.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $371.95.

Insider Activity at Wingstop

In other news, SVP Donnie Upshaw sold 3,199 shares of Wingstop stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the completion of the sale, the senior vice president now owns 97 shares in the company, valued at approximately $36,152.87. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is owned by corporate 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.