Wingstop (NASDAQ:WING) Announces Earnings Results

Wingstop (NASDAQ:WING) released its quarterly earnings results on Wednesday. The restaurant operator reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22, Briefing.com reports. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The firm had revenue of $145.70 million during the quarter, compared to the consensus estimate of $136.34 million. During the same quarter in the prior year, the firm posted $0.59 EPS. The business’s revenue was up 34.0% on a year-over-year basis.

Wingstop Stock Up 0.2 %

Shares of WING traded up $0.71 during trading hours on Thursday, hitting $384.69. 375,838 shares of the company were exchanged, compared to its average volume of 483,577. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 162.86, a P/E/G ratio of 6.61 and a beta of 1.67. Wingstop has a fifty-two week low of $150.08 and a fifty-two week high of $396.00. The firm’s fifty day moving average is $358.55 and its 200 day moving average is $285.89.

Wingstop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Thursday, May 16th. Wingstop’s dividend payout ratio (DPR) is currently 37.45%.

Wall Street Analysts Forecast Growth

WING has been the subject of a number of recent research reports. BMO Capital Markets upped their price target on Wingstop from $275.00 to $325.00 and gave the stock a “market perform” rating in a research report on Thursday. Bank of America upped their price objective on Wingstop from $421.00 to $461.00 and gave the stock a “buy” rating in a research note on Thursday. Truist Financial upped their price objective on Wingstop from $320.00 to $345.00 and gave the stock a “hold” rating in a research note on Thursday. Robert W. Baird upped their price objective on Wingstop from $390.00 to $405.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Jefferies Financial Group upped their price objective on Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a research note on Tuesday, April 16th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $318.39.

Insider Transactions at Wingstop

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