Q4 2018 EPS Estimates for Wingstop Inc Increased by SunTrust Banks (WING)

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Wingstop Inc (NASDAQ:WING) – Analysts at SunTrust Banks boosted their Q4 2018 EPS estimates for Wingstop in a report released on Monday, January 28th. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will post earnings of $0.18 per share for the quarter, up from their previous estimate of $0.17. SunTrust Banks also issued estimates for Wingstop’s FY2019 earnings at $0.88 EPS and FY2020 earnings at $1.15 EPS.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Monday, October 29th. The restaurant operator reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. Wingstop had a negative return on equity of 21.61% and a net margin of 21.14%. The company had revenue of $38.25 million during the quarter, compared to the consensus estimate of $38.02 million. During the same period last year, the company earned $0.16 EPS. Wingstop’s revenue for the quarter was up 15.5% on a year-over-year basis.

WING has been the subject of several other reports. Zacks Investment Research upgraded Wingstop from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Saturday, October 13th. BidaskClub downgraded Wingstop from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Wedbush reduced their price objective on Wingstop from $74.00 to $71.00 and set a “neutral” rating for the company in a report on Tuesday, October 30th. Barclays lifted their price objective on Wingstop from $52.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 9th. Finally, Morgan Stanley downgraded Wingstop from an “overweight” rating to an “equal weight” rating and set a $69.00 price objective for the company. in a report on Thursday, October 18th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $64.80.

NASDAQ WING opened at $65.65 on Wednesday. Wingstop has a one year low of $41.76 and a one year high of $75.58. The stock has a market capitalization of $1.95 billion, a P/E ratio of 88.72, a price-to-earnings-growth ratio of 3.93 and a beta of 0.99.

Several hedge funds have recently bought and sold shares of WING. Bank of Montreal Can lifted its position in shares of Wingstop by 16.0% during the 4th quarter. Bank of Montreal Can now owns 1,525 shares of the restaurant operator’s stock valued at $98,000 after buying an additional 210 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Wingstop by 200.8% during the 4th quarter. Advisors Asset Management Inc. now owns 3,204 shares of the restaurant operator’s stock valued at $206,000 after buying an additional 2,139 shares in the last quarter. GWM Advisors LLC purchased a new position in shares of Wingstop during the 3rd quarter valued at about $224,000. Janus Henderson Group PLC purchased a new position in shares of Wingstop during the 3rd quarter valued at about $247,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Wingstop during the 3rd quarter valued at about $258,000.

In other Wingstop news, insider Lawrence Kruguer sold 2,600 shares of the firm’s stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $62.41, for a total value of $162,266.00. Following the transaction, the insider now directly owns 5,531 shares of the company’s stock, valued at $345,189.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles R. Morrison sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $66.33, for a total value of $1,326,600.00. Following the completion of the transaction, the chairman now directly owns 123,152 shares in the company, valued at $8,168,672.16. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.

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