Wingstop (WING) Scheduled to Post Earnings on Wednesday

Wingstop (NASDAQ:WING) will post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Wingstop to post earnings of $0.96 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. The business had revenue of $155.70 million during the quarter, compared to the consensus estimate of $146.04 million. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The firm’s revenue was up 45.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 earnings per share. On average, analysts expect Wingstop to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Wingstop Price Performance

Shares of WING stock opened at $365.97 on Wednesday. The stock has a market cap of $10.72 billion, a PE ratio of 129.49, a price-to-earnings-growth ratio of 3.69 and a beta of 1.71. The stock has a 50-day moving average of $396.00 and a 200-day moving average of $388.75. Wingstop has a one year low of $173.74 and a one year high of $433.86.

Wingstop Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.30%. This is a boost from Wingstop’s previous quarterly dividend of $0.22. Wingstop’s dividend payout ratio is currently 38.43%.

Insider Activity

In other news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $372.71, for a total value of $1,192,299.29. Following the completion of the transaction, the senior vice president now owns 97 shares of the company’s stock, valued at approximately $36,152.87. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

WING has been the subject of several research analyst reports. TD Cowen reiterated a “buy” rating and issued a $450.00 price target on shares of Wingstop in a report on Wednesday, July 31st. Piper Sandler increased their target price on Wingstop from $353.00 to $375.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Raymond James raised Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Thursday, August 1st. Stephens reaffirmed an “overweight” rating and set a $475.00 price objective on shares of Wingstop in a research report on Wednesday, August 14th. Finally, Wedbush lifted their target price on Wingstop from $425.00 to $440.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $382.00.

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.