Wingstop (NASDAQ:WING) Issues Earnings Results

Wingstop (NASDAQ:WING) issued its quarterly earnings data on Wednesday. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22, Briefing.com reports. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The firm 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 company earned $0.59 earnings per share. The business’s revenue for the quarter was up 34.0% on a year-over-year basis.

Wingstop Price Performance

WING stock traded up $0.71 during midday trading on Thursday, reaching $384.69. The company had a trading volume of 375,838 shares, compared to its average volume of 483,577. The stock has a 50 day moving average price of $358.55 and a 200-day moving average price of $285.89. Wingstop has a 1-year low of $150.08 and a 1-year high of $396.00. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 162.86, a price-to-earnings-growth ratio of 6.61 and a beta of 1.67.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors 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 0.23%. The ex-dividend date of this dividend is Thursday, May 16th. Wingstop’s dividend payout ratio (DPR) is presently 37.45%.

Insider Transactions at Wingstop

In other news, Director Kilandigalu Madati sold 1,472 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were 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 of the company’s stock, valued at approximately $1,852,291.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Michael Skipworth sold 10,843 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the transaction, the chief executive officer now directly owns 17,107 shares in the company, valued at approximately $5,771,901.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kilandigalu Madati sold 1,472 shares of the company’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 transaction, the director now owns 5,450 shares of the company’s stock, valued at $1,852,291.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,901 shares of company stock valued at $5,120,605. Company insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wedbush increased their price objective on shares of Wingstop from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Thursday. Robert W. Baird boosted their target price on Wingstop from $390.00 to $405.00 and gave the company an “outperform” rating in a research note on Thursday. Stephens restated an “overweight” rating and issued a $425.00 target price on shares of Wingstop in a research note on Wednesday. Jefferies Financial Group boosted their target price on Wingstop from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Finally, Sanford C. Bernstein assumed coverage on Wingstop in a research note on Wednesday, February 14th. They issued an “outperform” rating and a $340.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $318.39.

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.