Wingstop Inc (NASDAQ:WING) – Equities researchers at SunTrust Banks lifted their Q4 2019 earnings per share estimates for shares of Wingstop in a note issued to investors on Monday, October 29th. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will post earnings per share of $0.25 for the quarter, up from their previous forecast of $0.22. SunTrust Banks has a “Buy” rating and a $72.00 price target on the stock.
Wingstop (NASDAQ:WING) last released its earnings results on Monday, October 29th. The restaurant operator reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. The company had revenue of $38.25 million during the quarter, compared to analysts’ expectations of $38.02 million. Wingstop had a negative return on equity of 21.61% and a net margin of 21.14%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS.
WING opened at $62.71 on Thursday. The company has a market capitalization of $1.84 billion, a PE ratio of 84.74, a PEG ratio of 3.75 and a beta of 1.03. Wingstop has a 52 week low of $32.00 and a 52 week high of $75.58.
Hedge funds have recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in shares of Wingstop in the second quarter worth $118,000. GWM Advisors LLC purchased a new position in shares of Wingstop in the third quarter worth $224,000. Everence Capital Management Inc. purchased a new position in shares of Wingstop in the second quarter worth $212,000. Nisa Investment Advisors LLC raised its stake in shares of Wingstop by 46.4% in the third quarter. Nisa Investment Advisors LLC now owns 4,100 shares of the restaurant operator’s stock worth $280,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Hartford Investment Management Co. purchased a new position in shares of Wingstop in the second quarter worth $228,000.
In other Wingstop news, Director Michael J. Hislop sold 5,900 shares of Wingstop stock in a transaction on Friday, September 7th. The stock was sold at an average price of $69.11, for a total transaction of $407,749.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles R. Morrison sold 17,000 shares of Wingstop stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $60.13, for a total value of $1,022,210.00. The disclosure for this sale can be found here. Insiders have sold 31,596 shares of company stock valued at $1,966,570 in the last quarter. 1.76% of the stock is owned by company insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Tuesday, December 4th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Monday, December 3rd. Wingstop’s payout ratio is 48.65%.
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 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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