Wingstop (NASDAQ:WING) Announces Earnings Results, Misses Expectations By $0.09 EPS

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

Wingstop Stock Performance

WING traded up $1.33 on Thursday, hitting $291.32. The company had a trading volume of 871,850 shares, compared to its average volume of 449,242. The stock has a fifty day moving average price of $392.16 and a 200-day moving average price of $388.27. Wingstop has a 12-month low of $177.88 and a 12-month high of $433.86. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 104.03, a P/E/G ratio of 3.41 and a beta of 1.71.

Wingstop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.08 annualized dividend and a dividend yield of 0.37%. Wingstop’s payout ratio is currently 38.43%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WING. Piper Sandler upped their price target on Wingstop from $353.00 to $375.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Benchmark upgraded Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price target for the company in a research report on Thursday. BMO Capital Markets upped their price target on Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. The Goldman Sachs Group upped their price objective on Wingstop from $407.00 to $458.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, Wedbush upped their price objective on Wingstop from $425.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Wingstop currently has an average rating of “Moderate Buy” and a consensus price target of $371.95.

Insider Buying and Selling at Wingstop

In other Wingstop 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 value of $1,192,299.29. Following the transaction, the senior vice president now owns 97 shares in the company, valued at $36,152.87. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is owned by insiders.

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.