Wingstop Inc. (NASDAQ:WING) – Piper Sandler cut their Q2 2021 earnings per share (EPS) estimates for shares of Wingstop in a research note issued to investors on Wednesday, April 28th. Piper Sandler analyst N. Regan now forecasts that the restaurant operator will post earnings per share of $0.26 for the quarter, down from their previous estimate of $0.29. Piper Sandler currently has a “Overweight” rating and a $150.00 target price on the stock. Piper Sandler also issued estimates for Wingstop’s Q3 2021 earnings at $0.28 EPS and Q2 2022 earnings at $0.42 EPS.
Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, April 28th. The restaurant operator reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.13. The firm had revenue of $70.70 million during the quarter, compared to analyst estimates of $69.31 million. Wingstop had a net margin of 12.73% and a negative return on equity of 14.61%. The business’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 earnings per share.
NASDAQ:WING opened at $160.15 on Monday. The company has a market cap of $4.76 billion, a PE ratio of 166.82, a price-to-earnings-growth ratio of 8.49 and a beta of 1.06. The company has a 50 day simple moving average of $137.32 and a two-hundred day simple moving average of $137.00. Wingstop has a 12 month low of $112.47 and a 12 month high of $172.87.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 4th. Stockholders of record on Friday, May 14th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Thursday, May 13th. Wingstop’s dividend payout ratio (DPR) is presently 76.71%.
In other Wingstop news, CFO Michael Skipworth sold 508 shares of the firm’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $120.50, for a total transaction of $61,214.00. Following the completion of the transaction, the chief financial officer now owns 18,026 shares in the company, valued at approximately $2,172,133. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles R. Morrison sold 997 shares of Wingstop stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $120.50, for a total value of $120,138.50. Following the completion of the sale, the chief executive officer now directly owns 95,149 shares in the company, valued at approximately $11,465,454.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,868 shares of company stock valued at $224,807. 1.00% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of the stock. BTC Capital Management Inc. increased its position in Wingstop by 4.7% in the first quarter. BTC Capital Management Inc. now owns 1,680 shares of the restaurant operator’s stock worth $213,000 after purchasing an additional 75 shares during the last quarter. 6 Meridian increased its holdings in shares of Wingstop by 4.9% in the 4th quarter. 6 Meridian now owns 2,104 shares of the restaurant operator’s stock worth $279,000 after buying an additional 99 shares during the last quarter. Polianta Ltd raised its position in shares of Wingstop by 1.1% during the 1st quarter. Polianta Ltd now owns 9,600 shares of the restaurant operator’s stock valued at $1,220,000 after buying an additional 100 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Wingstop by 62.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 309 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 119 shares during the last quarter. Finally, Fieldpoint Private Securities LLC grew its position in Wingstop by 127.6% in the first quarter. Fieldpoint Private Securities LLC now owns 239 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 134 shares in the last quarter.
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. As of December 26, 2020, the company had 1,506 franchised restaurants and 32 company-owned restaurants in 44 states and 10 countries worldwide.
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