Wingstop Inc (NASDAQ:WING) – Equities researchers at SunTrust Banks decreased their Q3 2018 earnings per share (EPS) estimates for Wingstop in a report released on Thursday. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will earn $0.21 per share for the quarter, down from their previous estimate of $0.24. SunTrust Banks currently has a “Buy” rating and a $52.00 target price on the stock. SunTrust Banks also issued estimates for Wingstop’s Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.26 EPS and FY2019 earnings at $1.01 EPS.
WING has been the topic of a number of other reports. Deutsche Bank initiated coverage on shares of Wingstop in a research note on Monday, December 18th. They set a “hold” rating and a $38.00 target price on the stock. Robert W. Baird restated a “buy” rating and set a $39.00 target price on shares of Wingstop in a research note on Friday, November 10th. Stifel Nicolaus upgraded shares of Wingstop from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $40.00 in a research note on Friday, November 3rd. Wedbush lowered shares of Wingstop from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $36.00 to $40.00 in a research note on Friday, January 5th. Finally, Zacks Investment Research upgraded shares of Wingstop from a “hold” rating to a “strong-buy” rating and set a $55.00 target price on the stock in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $45.42.
Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $28.29 million for the quarter, compared to analyst estimates of $27.49 million. Wingstop had a net margin of 25.87% and a negative return on equity of 37.25%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share.
Hedge funds have recently bought and sold shares of the company. Turner Investments LLC acquired a new stake in shares of Wingstop in the third quarter valued at approximately $150,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Wingstop during the third quarter worth $210,000. First Mercantile Trust Co. acquired a new stake in shares of Wingstop during the fourth quarter worth $223,000. Fortaleza Asset Management Inc. lifted its holdings in shares of Wingstop by 71.0% during the fourth quarter. Fortaleza Asset Management Inc. now owns 5,960 shares of the restaurant operator’s stock worth $232,000 after purchasing an additional 2,475 shares during the period. Finally, Meadow Creek Investment Management LLC lifted its holdings in shares of Wingstop by 25.7% during the fourth quarter. Meadow Creek Investment Management LLC now owns 5,984 shares of the restaurant operator’s stock worth $233,000 after purchasing an additional 1,224 shares during the period.
In other news, Chairman Charles R. Morrison sold 1,476 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $48.13, for a total value of $71,039.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Hislop sold 5,000 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $41.03, for a total value of $205,150.00. The disclosure for this sale can be found here. Insiders sold 7,036 shares of company stock valued at $300,847 over the last ninety days. 1.76% of the stock is currently owned by corporate insiders.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, March 8th. Wingstop’s dividend payout ratio (DPR) is 15.05%.
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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.
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