Wingstop Inc (NASDAQ:WING) – Wedbush cut their Q3 2018 earnings per share estimates for Wingstop in a report issued on Friday. Wedbush analyst N. Setyan now anticipates that the restaurant operator will earn $0.21 per share for the quarter, down from their previous forecast of $0.22. Wedbush currently has a “Buy” rating and a $41.00 price objective on the stock. Wedbush also issued estimates for Wingstop’s Q4 2018 earnings at $0.19 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $0.95 EPS.
A number of other research analysts have also recently weighed in on WING. Deutsche Bank restated a “hold” rating and set a $40.00 target price (up previously from $38.00) on shares of Wingstop in a research note on Friday, February 23rd. SunTrust Banks set a $52.00 target price on shares of Wingstop and gave the company a “buy” rating in a research note on Thursday, January 11th. Barclays restated an “equal weight” rating and set a $40.00 target price (down previously from $44.00) on shares of Wingstop in a research note on Friday, February 23rd. Robert W. Baird cut shares of Wingstop from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 20th. Finally, BidaskClub upgraded shares of Wingstop from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $45.42.
Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Wingstop had a net margin of 25.87% and a negative return on equity of 37.25%. The firm had revenue of $28.29 million during the quarter, compared to the consensus estimate of $27.49 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year.
A number of hedge funds have recently made changes to their positions in WING. Turner Investments LLC purchased a new stake in Wingstop in the 3rd quarter worth $150,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Wingstop during the 3rd quarter valued at about $210,000. First Mercantile Trust Co. purchased a new stake in shares of Wingstop during the 4th quarter valued at about $223,000. Fortaleza Asset Management Inc. raised its position in shares of Wingstop by 71.0% during the 4th quarter. Fortaleza Asset Management Inc. now owns 5,960 shares of the restaurant operator’s stock valued at $232,000 after buying an additional 2,475 shares in the last quarter. Finally, Meadow Creek Investment Management LLC raised its position in shares of Wingstop by 25.7% during the 4th quarter. Meadow Creek Investment Management LLC now owns 5,984 shares of the restaurant operator’s stock valued at $233,000 after buying an additional 1,224 shares in the last quarter.
In other Wingstop news, Director Michael J. Hislop sold 5,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $41.03, for a total value of $205,150.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles R. Morrison sold 1,476 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $48.13, for a total transaction of $71,039.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,036 shares of company stock worth $300,847. Corporate insiders own 1.76% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Thursday, March 8th. Wingstop’s payout ratio is currently 15.05%.
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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