Wingstop Inc. (NASDAQ:WING) – Stock analysts at SunTrust Banks raised their FY2016 EPS estimates for Wingstop in a research note issued on Wednesday. SunTrust Banks analyst J. Bartlett now forecasts that the firm will earn $0.57 per share for the year, up from their prior forecast of $0.56. SunTrust Banks also issued estimates for Wingstop’s FY2017 earnings at $0.68 EPS.
Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Wingstop had a negative return on equity of 218.88% and a net margin of 18.15%. The business earned $22.70 million during the quarter, compared to analysts’ expectations of $22.05 million. During the same quarter last year, the company posted $0.11 earnings per share. Wingstop’s quarterly revenue was up 18.2% on a year-over-year basis.
WING has been the topic of a number of other research reports. Wedbush reissued an “outperform” rating and set a $36.00 price objective (up previously from $35.00) on shares of Wingstop in a research report on Monday, August 29th. Robert W. Baird increased their price objective on shares of Wingstop from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 7th. KeyCorp started coverage on shares of Wingstop in a research report on Wednesday, September 7th. They set an “overweight” rating and a $36.00 price objective on the stock. Zacks Investment Research cut shares of Wingstop from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Finally, Wells Fargo & Co. reissued a “market perform” rating and set a $26.00 price objective on shares of Wingstop in a research report on Saturday, July 2nd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $32.27.
Shares of Wingstop (NASDAQ:WING) opened at 28.40 on Friday. The stock’s 50 day moving average price is $29.43 and its 200-day moving average price is $27.44. Wingstop has a one year low of $20.31 and a one year high of $33.10. The company has a market cap of $815.88 million, a PE ratio of 54.10 and a beta of 0.63.
In other Wingstop news, insider David A. Vernon sold 6,540 shares of the stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $28.70, for a total value of $187,698.00. Following the completion of the sale, the insider now owns 80,349 shares in the company, valued at approximately $2,306,016.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Neal K. Aronson sold 6,000,000 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $28.50, for a total transaction of $171,000,000.00. The disclosure for this sale can be found here. 45.70% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of WING. American International Group Inc. raised its stake in Wingstop by 132.5% in the second quarter. American International Group Inc. now owns 9,060 shares of the company’s stock valued at $247,000 after buying an additional 5,163 shares during the period. Cadence Capital Management LLC bought a new stake in Wingstop during the second quarter worth approximately $255,000. Parametric Portfolio Associates LLC bought a new stake in Wingstop during the second quarter worth approximately $298,000. Metropolitan Life Insurance Co. NY bought a new stake in Wingstop during the second quarter worth approximately $325,000. Finally, Rhumbline Advisers acquired a new stake in shares of Wingstop during the second quarter worth about $335,000. Hedge funds and other institutional investors own 58.92% of the company’s stock.
Wingstop Company Profile
Wingstop Inc is a franchisor and operator of restaurants that specialize in cooked-to-order, hand-sauced and tossed chicken wings. The Company offers its guests with over 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides. It is a casual chicken wings-focused restaurant chain with various concepts, which include wings as add-on menu items or focus on wings in a bar or sports-centric setting.
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