Q3 2024 EPS Estimates for Wingstop Inc. (NASDAQ:WING) Lifted by Wedbush

Wingstop Inc. (NASDAQ:WING) – Wedbush lifted their Q3 2024 EPS estimates for Wingstop in a research report issued on Monday, September 16th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will earn $0.99 per share for the quarter, up from their previous estimate of $0.98. Wedbush has a “Outperform” rating and a $440.00 price target on the stock. The consensus estimate for Wingstop’s current full-year earnings is $3.77 per share. Wedbush also issued estimates for Wingstop’s Q4 2024 earnings at $0.90 EPS, FY2024 earnings at $3.80 EPS, Q2 2025 earnings at $1.18 EPS, Q4 2025 earnings at $1.16 EPS and FY2025 earnings at $4.75 EPS.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The firm had revenue of $155.70 million for the quarter, compared to analysts’ expectations of $146.04 million. During the same quarter last year, the business earned $0.57 earnings per share. The business’s revenue was up 45.3% on a year-over-year basis.

Other equities research analysts have also issued reports about the stock. Morgan Stanley increased their target price on shares of Wingstop from $390.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 16th. BMO Capital Markets lifted their target price on Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Stifel Nicolaus boosted their price target on Wingstop from $420.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. The Goldman Sachs Group boosted their price target on Wingstop from $407.00 to $458.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Stephens reaffirmed an “overweight” rating and issued a $475.00 price target on shares of Wingstop in a research note on Wednesday, August 14th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Wingstop presently has a consensus rating of “Hold” and a consensus price target of $379.53.

Wingstop Price Performance

WING opened at $412.70 on Wednesday. The stock has a 50-day moving average price of $379.67 and a 200-day moving average price of $380.43. The firm has a market cap of $12.09 billion, a PE ratio of 146.87, a P/E/G ratio of 4.09 and a beta of 1.71. Wingstop has a 1 year low of $166.65 and a 1 year high of $431.03.

Institutional Investors Weigh In On Wingstop

A number of institutional investors have recently modified their holdings of WING. International Assets Investment Management LLC increased its position in shares of Wingstop by 4,651.9% during the 4th quarter. International Assets Investment Management LLC now owns 1,283 shares of the restaurant operator’s stock valued at $329,000 after purchasing an additional 1,256 shares during the last quarter. Principal Securities Inc. acquired a new stake in Wingstop in the fourth quarter worth about $131,000. Dimensional Fund Advisors LP raised its stake in shares of Wingstop by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 396,258 shares of the restaurant operator’s stock worth $101,673,000 after purchasing an additional 8,058 shares during the last quarter. Avantax Advisory Services Inc. purchased a new position in Wingstop during the fourth quarter valued at approximately $257,000. Finally, Quadrant Capital Group LLC raised its position in Wingstop by 16.9% during the fourth quarter. Quadrant Capital Group LLC now owns 263 shares of the restaurant operator’s stock valued at $67,000 after acquiring an additional 38 shares in the last quarter.

Insiders Place Their Bets

In related news, SVP Donnie Upshaw sold 3,199 shares of Wingstop stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the completion of the sale, the senior vice president now owns 97 shares of the company’s stock, valued at $36,152.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.36% of the company’s stock.

Wingstop Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.26%. This is an increase from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, August 16th. Wingstop’s dividend payout ratio (DPR) is presently 38.43%.

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.