Q4 2024 EPS Estimates for Wingstop Inc. Lifted by Analyst (NASDAQ:WING)

Wingstop Inc. (NASDAQ:WING) – Equities research analysts at Wedbush upped their Q4 2024 earnings estimates for Wingstop in a report issued on Thursday, May 2nd. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings per share of $0.80 for the quarter, up from their previous estimate of $0.79. Wedbush currently has a “Outperform” rating and a $425.00 target price on the stock. The consensus estimate for Wingstop’s current full-year earnings is $3.40 per share. Wedbush also issued estimates for Wingstop’s Q1 2025 earnings at $1.16 EPS, Q2 2025 earnings at $0.91 EPS, Q4 2025 earnings at $1.02 EPS and FY2025 earnings at $4.14 EPS.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. Wingstop had a net margin of 16.75% and a negative return on equity of 19.64%. The company had revenue of $145.70 million during the quarter, compared to the consensus estimate of $136.34 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The company’s revenue was up 34.0% on a year-over-year basis.

Several other brokerages have also weighed in on WING. Citigroup increased their price objective on shares of Wingstop from $375.00 to $398.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Stifel Nicolaus upped their target price on shares of Wingstop from $270.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Bank of America lifted their price target on shares of Wingstop from $421.00 to $461.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Benchmark reiterated a “hold” rating on shares of Wingstop in a research report on Thursday, May 2nd. Finally, Morgan Stanley raised their target price on shares of Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Wingstop has a consensus rating of “Hold” and an average target price of $330.39.

Wingstop Trading Up 0.5 %

Shares of NASDAQ:WING opened at $397.84 on Monday. Wingstop has a 1-year low of $150.08 and a 1-year high of $400.74. The business has a 50-day moving average price of $362.60 and a two-hundred day moving average price of $292.52. The stock has a market capitalization of $11.68 billion, a P/E ratio of 141.58, a P/E/G ratio of 5.32 and a beta of 1.67.

Wingstop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, May 16th. Wingstop’s dividend payout ratio is currently 31.32%.

Insider Transactions at Wingstop

In other Wingstop news, SVP Marisa Carona sold 2,586 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $371.96, for a total value of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares in the company, valued at $612,246.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $339.87, for a total value of $500,288.64. Following the transaction, the director now owns 5,450 shares in the company, valued at approximately $1,852,291.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Marisa Carona sold 2,586 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $371.96, for a total transaction of $961,888.56. Following the sale, the senior vice president now owns 1,646 shares of the company’s stock, valued at $612,246.16. The disclosure for this sale can be found here. Insiders have sold 14,901 shares of company stock worth $5,120,605 in the last ninety days. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Wingstop

A number of large investors have recently made changes to their positions in the company. Rise Advisors LLC bought a new position in Wingstop during the 1st quarter worth $29,000. McGlone Suttner Wealth Management Inc. bought a new position in Wingstop during the fourth quarter worth about $28,000. GAMMA Investing LLC raised its stake in Wingstop by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 40 shares in the last quarter. FSC Wealth Advisors LLC acquired a new position in shares of Wingstop during the 4th quarter worth approximately $39,000. Finally, Riverview Trust Co acquired a new position in shares of Wingstop during the 1st quarter worth approximately $66,000.

About Wingstop

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.