Wall Street brokerages expect Wingstop Inc (NASDAQ:WING) to announce $0.16 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Wingstop’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.16. Wingstop posted earnings of $0.15 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, February 22nd.
On average, analysts expect that Wingstop will report full-year earnings of $0.73 per share for the current fiscal year, with EPS estimates ranging from $0.71 to $0.74. For the next year, analysts anticipate that the firm will post earnings of $0.82 per share, with EPS estimates ranging from $0.72 to $0.97. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Wingstop.
WING has been the topic of several research reports. SunTrust Banks set a $52.00 target price on Wingstop and gave the stock a “buy” rating in a research report on Thursday, January 11th. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $52.00 target price (up from $37.00) on shares of Wingstop in a research report on Tuesday, January 23rd. Jefferies Group increased their target price on Wingstop from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Finally, Goldman Sachs Group reaffirmed a “buy” rating and issued a $41.00 target price on shares of Wingstop in a research report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Wingstop has a consensus rating of “Buy” and an average target price of $45.50.
Large investors have recently added to or reduced their stakes in the business. Sei Investments Co. purchased a new position in Wingstop in the third quarter valued at about $495,000. ETRADE Capital Management LLC purchased a new position in Wingstop in the third quarter valued at about $360,000. BNP Paribas Arbitrage SA raised its position in Wingstop by 68.0% in the third quarter. BNP Paribas Arbitrage SA now owns 15,084 shares of the restaurant operator’s stock valued at $502,000 after purchasing an additional 6,105 shares during the period. California State Teachers Retirement System raised its position in Wingstop by 66.1% in the second quarter. California State Teachers Retirement System now owns 51,502 shares of the restaurant operator’s stock valued at $1,591,000 after purchasing an additional 20,500 shares during the period. Finally, Vanguard Group Inc. raised its position in Wingstop by 0.7% in the second quarter. Vanguard Group Inc. now owns 2,433,708 shares of the restaurant operator’s stock valued at $75,200,000 after purchasing an additional 16,622 shares during the period.
Shares of Wingstop (WING) traded up $0.49 during trading on Friday, hitting $46.93. The company’s stock had a trading volume of 442,088 shares, compared to its average volume of 530,148. Wingstop has a one year low of $24.74 and a one year high of $49.69. The stock has a market cap of $1,351.17, a price-to-earnings ratio of 65.18, a PEG ratio of 2.92 and a beta of 1.01. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -2.37.
The company also recently announced a None dividend, which was paid on Wednesday, February 14th. Investors of record on Friday, February 9th were given a $3.17 dividend. This is a positive change from Wingstop’s previous None dividend of $0.07. This represents a dividend yield of 0.065849605317823%. The ex-dividend date was Thursday, February 8th. Wingstop’s dividend payout ratio (DPR) is 19.44%.
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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