Analysts forecast that Wingstop Inc (NASDAQ:WING) will announce sales of $38.19 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Wingstop’s earnings, with the lowest sales estimate coming in at $36.91 million and the highest estimate coming in at $39.37 million. Wingstop reported sales of $26.03 million during the same quarter last year, which indicates a positive year-over-year growth rate of 46.7%. The business is expected to announce its next quarterly earnings report after the market closes on Monday, October 29th.
According to Zacks, analysts expect that Wingstop will report full year sales of $152.10 million for the current fiscal year, with estimates ranging from $150.60 million to $154.39 million. For the next year, analysts anticipate that the firm will post sales of $171.96 million, with estimates ranging from $166.46 million to $177.69 million. Zacks’ sales calculations are an average based on a survey of research analysts that follow Wingstop.
Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, August 2nd. The restaurant operator reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Wingstop had a net margin of 22.15% and a negative return on equity of 24.63%. The business had revenue of $37.04 million for the quarter, compared to analysts’ expectations of $36.92 million. During the same period last year, the business earned $0.18 EPS. The company’s revenue was up 17.3% compared to the same quarter last year.
A number of analysts have recently weighed in on the stock. Stifel Nicolaus cut shares of Wingstop from a “buy” rating to a “hold” rating in a report on Tuesday. Wedbush restated an “outperform” rating and issued a $70.00 price target (up from $59.00) on shares of Wingstop in a report on Wednesday, August 22nd. They noted that the move was a valuation call. TheStreet raised shares of Wingstop from a “c+” rating to a “b” rating in a research report on Friday, July 13th. Gordon Haskett assumed coverage on shares of Wingstop in a research report on Thursday, October 18th. They issued a “buy” rating and a $81.00 price objective for the company. Finally, Jefferies Financial Group reaffirmed a “sell” rating and issued a $42.00 price objective on shares of Wingstop in a research report on Friday, July 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Wingstop currently has a consensus rating of “Buy” and a consensus target price of $64.63.
Shares of NASDAQ:WING traded down $0.52 during trading on Thursday, reaching $69.64. The stock had a trading volume of 938,800 shares, compared to its average volume of 581,653. Wingstop has a one year low of $31.53 and a one year high of $75.58. The stock has a market capitalization of $2.07 billion, a P/E ratio of 94.11, a P/E/G ratio of 4.29 and a beta of 1.03. The company has a debt-to-equity ratio of -1.53, a quick ratio of 0.68 and a current ratio of 0.68.
In other Wingstop news, Chairman Charles R. Morrison sold 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $60.13, for a total transaction of $1,022,210.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stacy Peterson sold 5,259 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $58.87, for a total transaction of $309,597.33. Following the transaction, the insider now directly owns 31,423 shares of the company’s stock, valued at $1,849,872.01. The disclosure for this sale can be found here. Insiders sold a total of 31,596 shares of company stock valued at $1,966,570 over the last ninety days. 1.70% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc raised its position in Wingstop by 2.2% during the 1st quarter. Legal & General Group Plc now owns 54,164 shares of the restaurant operator’s stock worth $2,559,000 after buying an additional 1,148 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Wingstop by 46.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,100 shares of the restaurant operator’s stock worth $280,000 after purchasing an additional 1,300 shares during the period. Brown Advisory Inc. grew its stake in shares of Wingstop by 24.3% during the 2nd quarter. Brown Advisory Inc. now owns 10,245 shares of the restaurant operator’s stock worth $534,000 after purchasing an additional 2,006 shares during the period. Rhumbline Advisers grew its stake in shares of Wingstop by 3.1% during the 2nd quarter. Rhumbline Advisers now owns 68,681 shares of the restaurant operator’s stock worth $3,580,000 after purchasing an additional 2,041 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Wingstop during the 2nd quarter worth approximately $118,000.
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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