Wingstop (NASDAQ:WING) Issues Quarterly Earnings Results, Beats Expectations By $0.22 EPS

Wingstop (NASDAQ:WING) issued its quarterly earnings data on Wednesday. The restaurant operator reported $0.98 earnings per share for the quarter, beating 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 company had revenue of $145.70 million during the quarter, compared to analysts’ expectations of $136.34 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. The firm’s revenue for the quarter was up 34.0% on a year-over-year basis.

Wingstop Trading Down 0.3 %

NASDAQ WING traded down $1.06 during mid-day trading on Thursday, reaching $382.92. 456,597 shares of the company’s stock traded hands, compared to its average volume of 484,485. Wingstop has a 1-year low of $150.08 and a 1-year high of $396.00. The company has a fifty day simple moving average of $358.55 and a 200-day simple moving average of $285.89. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 162.57, a P/E/G ratio of 6.61 and a beta of 1.67.

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 paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.23%. Wingstop’s dividend payout ratio (DPR) is currently 37.45%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on WING shares. Bank of America boosted their target price on Wingstop from $421.00 to $461.00 and gave the company a “buy” rating in a report on Thursday. Citigroup boosted their target price on Wingstop from $320.00 to $375.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Stephens reaffirmed an “overweight” rating and set a $425.00 price objective on shares of Wingstop in a report on Wednesday. Jefferies Financial Group upped their price objective on Wingstop from $310.00 to $335.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Finally, BMO Capital Markets upped their price objective on Wingstop from $275.00 to $325.00 and gave the stock a “market perform” rating in a report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $329.11.

Insider Buying and Selling at Wingstop

In other Wingstop news, Director Kilandigalu Madati sold 1,472 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the completion of the sale, the director now owns 5,450 shares in the company, valued at approximately $1,852,291.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Wingstop news, Director Kilandigalu Madati sold 1,472 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $339.87, for a total transaction of $500,288.64. Following the transaction, the director now owns 5,450 shares of the company’s stock, valued at approximately $1,852,291.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Marisa Carona sold 2,586 shares of the 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 transaction, the senior vice president now directly owns 1,646 shares in the company, valued at approximately $612,246.16. The disclosure for this sale can be found here. Insiders sold a total of 14,901 shares of company stock worth $5,120,605 in the last 90 days. 0.36% of the stock is owned by corporate insiders.

Wingstop Company Profile

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.