Wingstop Inc (NASDAQ:WING) – Stock analysts at Jefferies Financial Group reduced their Q4 2018 earnings per share (EPS) estimates for shares of Wingstop in a report issued on Tuesday, October 30th. Jefferies Financial Group analyst A. Barish now forecasts that the restaurant operator will post earnings per share of $0.15 for the quarter, down from their prior forecast of $0.16. Jefferies Financial Group has a “Sell” rating and a $42.00 price target on the stock. Jefferies Financial Group also issued estimates for Wingstop’s Q1 2019 earnings at $0.22 EPS, Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.19 EPS and FY2020 earnings at $1.11 EPS.
Wingstop (NASDAQ:WING) last released its earnings results on Monday, October 29th. The restaurant operator reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The business had revenue of $38.25 million for the quarter, compared to the consensus estimate of $38.02 million. Wingstop had a net margin of 21.14% and a negative return on equity of 22.79%. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share.
Wingstop stock opened at $62.62 on Wednesday. The company has a market capitalization of $1.97 billion, a PE ratio of 84.62, a PEG ratio of 3.94 and a beta of 1.03. Wingstop has a fifty-two week low of $32.00 and a fifty-two week high of $75.58.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Wingstop by 7.9% in the second quarter. BlackRock Inc. now owns 4,027,863 shares of the restaurant operator’s stock valued at $209,932,000 after acquiring an additional 293,311 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Wingstop by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 808,449 shares of the restaurant operator’s stock valued at $42,137,000 after acquiring an additional 31,981 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Wingstop by 507.8% in the second quarter. Eagle Asset Management Inc. now owns 589,838 shares of the restaurant operator’s stock valued at $30,742,000 after acquiring an additional 492,786 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Wingstop by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 516,297 shares of the restaurant operator’s stock valued at $26,909,000 after acquiring an additional 20,377 shares during the last quarter. Finally, Carillon Tower Advisers Inc. acquired a new stake in Wingstop in the second quarter valued at approximately $26,830,000.
In other Wingstop news, Director Michael J. Hislop sold 5,900 shares of Wingstop stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $69.11, for a total value of $407,749.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stacy Peterson sold 3,437 shares of Wingstop stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $66.05, for a total transaction of $227,013.85. Following the completion of the sale, the insider now owns 38,339 shares of the company’s stock, valued at $2,532,290.95. The disclosure for this sale can be found here. Insiders sold 31,596 shares of company stock valued at $1,966,570 over the last quarter. Corporate insiders own 1.70% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Tuesday, December 4th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, December 3rd. Wingstop’s dividend payout ratio (DPR) is presently 48.65%.
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 February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.
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