Wingstop Inc (NASDAQ:WING) – Equities researchers at Piper Sandler raised their Q3 2020 EPS estimates for Wingstop in a report released on Sunday, September 13th. Piper Sandler analyst N. Regan now anticipates that the restaurant operator will post earnings of $0.28 per share for the quarter, up from their prior estimate of $0.27. Piper Sandler currently has a “Overweight” rating and a $158.00 target price on the stock. Piper Sandler also issued estimates for Wingstop’s FY2020 earnings at $1.20 EPS, Q1 2021 earnings at $0.26 EPS, Q3 2021 earnings at $0.32 EPS and FY2022 earnings at $1.63 EPS.
Several other research firms have also commented on WING. Raymond James reaffirmed a “hold” rating on shares of Wingstop in a research report on Thursday, August 6th. SunTrust Banks lifted their price target on Wingstop from $135.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Zacks Investment Research raised Wingstop from a “hold” rating to a “buy” rating and set a $186.00 target price on the stock in a report on Wednesday, August 26th. BTIG Research lowered Wingstop from a “buy” rating to a “neutral” rating in a report on Thursday, July 9th. Finally, BidaskClub lowered Wingstop from a “buy” rating to a “hold” rating in a report on Wednesday, September 9th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Wingstop has an average rating of “Buy” and a consensus target price of $140.88.
WING opened at $130.81 on Tuesday. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 136.26, a price-to-earnings-growth ratio of 9.83 and a beta of 1.03. Wingstop has a 52 week low of $44.27 and a 52 week high of $170.00. The business’s 50 day moving average is $155.20 and its two-hundred day moving average is $121.72.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.39 EPS for the quarter, topping the consensus estimate of $0.29 by $0.10. The company had revenue of $66.10 million for the quarter, compared to analyst estimates of $62.46 million. Wingstop had a negative return on equity of 14.61% and a net margin of 12.73%. The firm’s revenue was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its position in Wingstop by 16.2% during the second quarter. Envestnet Asset Management Inc. now owns 7,988 shares of the restaurant operator’s stock worth $1,110,000 after purchasing an additional 1,112 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Wingstop during the second quarter worth $327,000. Prudential Financial Inc. boosted its position in Wingstop by 66.9% during the second quarter. Prudential Financial Inc. now owns 77,170 shares of the restaurant operator’s stock worth $10,725,000 after purchasing an additional 30,932 shares in the last quarter. Profund Advisors LLC purchased a new stake in Wingstop during the second quarter worth $372,000. Finally, NN Investment Partners Holdings N.V. purchased a new stake in Wingstop during the second quarter worth $1,483,000.
The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.43%. This is an increase from Wingstop’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, August 27th. Wingstop’s payout ratio is presently 76.71%.
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.
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