$0.15 EPS Expected for Wingstop Inc. (WING) This Quarter

Equities research analysts expect Wingstop Inc. (NASDAQ:WING) to post earnings per share (EPS) of $0.15 for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Wingstop’s earnings. The lowest EPS estimate is $0.14 and the highest is $0.17. Wingstop also posted earnings of $0.15 per share in the same quarter last year. The business is expected to report its next quarterly earnings results on Thursday, August 3rd.

On average, analysts expect that Wingstop will report full-year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.66 to $0.70. For the next fiscal year, analysts forecast that the firm will post earnings of $0.79 per share, with EPS estimates ranging from $0.75 to $0.83. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Wingstop.

Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Thursday, May 4th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.06. Wingstop had a negative return on equity of 33.91% and a net margin of 18.44%. The company had revenue of $26.57 million for the quarter, compared to analysts’ expectations of $24.22 million. During the same period in the previous year, the firm posted $0.15 EPS. Wingstop’s revenue was up 20.4% compared to the same quarter last year.

A number of research analysts have issued reports on WING shares. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $33.00 target price on shares of Wingstop in a report on Wednesday, March 1st. Zacks Investment Research raised shares of Wingstop from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a report on Wednesday, May 3rd. Wedbush reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Wingstop in a report on Friday, April 7th. Cowen and Company reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Wingstop in a report on Sunday, May 28th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $28.00 target price on shares of Wingstop in a report on Wednesday, April 12th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $34.55.

TRADEMARK VIOLATION NOTICE: This article was originally reported by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another website, it was illegally copied and republished in violation of U.S. and international copyright and trademark law. The original version of this article can be accessed at https://www.tickerreport.com/banking-finance/2655635/0-15-eps-expected-for-wingstop-inc-wing-this-quarter.html.

Wingstop (NASDAQ:WING) traded up 0.637% during midday trading on Thursday, reaching $30.825. The company had a trading volume of 151,978 shares. Wingstop has a 1-year low of $24.74 and a 1-year high of $33.42. The firm’s 50 day moving average is $30.02 and its 200 day moving average is $28.91. The stock has a market capitalization of $893.22 million, a PE ratio of 51.290 and a beta of 0.63.

In other news, CFO Michael Mravle sold 34,605 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $30.82, for a total value of $1,066,526.10. Following the sale, the chief financial officer now directly owns 75,400 shares in the company, valued at $2,323,828. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sidney J. Feltenstein sold 26,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $30.06, for a total transaction of $781,560.00. Following the completion of the sale, the director now owns 39,750 shares in the company, valued at $1,194,885. The disclosure for this sale can be found here. Insiders sold 80,510 shares of company stock worth $2,448,937 over the last quarter. Company insiders own 1.76% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Fred Alger Management Inc. raised its stake in Wingstop by 31.9% in the fourth quarter. Fred Alger Management Inc. now owns 459,036 shares of the restaurant operator’s stock valued at $13,583,000 after buying an additional 111,094 shares in the last quarter. Public Sector Pension Investment Board acquired a new stake in Wingstop during the fourth quarter valued at approximately $607,000. Capstone Investment Advisors LLC acquired a new stake in Wingstop during the fourth quarter valued at approximately $417,000. Menta Capital LLC acquired a new stake in Wingstop during the fourth quarter valued at approximately $531,000. Finally, New York State Teachers Retirement System acquired a new stake in Wingstop during the fourth quarter valued at approximately $338,000. Institutional investors and hedge funds own 85.71% of the company’s stock.

Wingstop Company Profile

Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:WING”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Get a free copy of the Zacks research report on Wingstop (WING)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Wingstop Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.