Wingstop Inc. (NASDAQ:WING) Issues FY17 Earnings Guidance
Wingstop Inc. (NASDAQ:WING) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of 0.71-0.725 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.70.
Several brokerages recently weighed in on WING. Cowen and Company lifted their price target on Wingstop from $34.00 to $36.00 and gave the company an outperform rating in a research note on Friday, May 5th. Jefferies Group LLC restated a hold rating and issued a $28.00 price target on shares of Wingstop in a research note on Thursday, May 18th. Barclays PLC lifted their price target on Wingstop from $32.00 to $34.00 and gave the company an equal weight rating in a research note on Friday. Wedbush lifted their price target on Wingstop from $35.00 to $36.00 and gave the company an outperform rating in a research note on Friday. Finally, Goldman Sachs Group, Inc. (The) upgraded Wingstop from a buy rating to a conviction-buy rating and set a $36.00 price target for the company in a research note on Tuesday, May 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $34.73.
Wingstop Inc. (WING) traded up 7.24% during midday trading on Friday, hitting $32.28. The stock had a trading volume of 1,594,977 shares. The stock has a 50-day moving average price of $30.67 and a 200 day moving average price of $28.98. Wingstop Inc. has a 12-month low of $24.74 and a 12-month high of $33.42. The firm has a market cap of $935.38 million, a P/E ratio of 53.71 and a beta of 0.60.
Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. Wingstop had a net margin of 19.28% and a negative return on equity of 26.83%. The business had revenue of $24.70 million during the quarter, compared to analysts’ expectations of $24.61 million. During the same period last year, the company posted $0.15 EPS. On average, equities analysts anticipate that Wingstop Inc. will post $0.70 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Sunday, September 3rd will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.87%.
In other news, CFO Michael Mravle sold 34,605 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $30.82, for a total transaction of $1,066,526.10. Following the completion of the transaction, the chief financial officer now directly owns 75,400 shares of the company’s stock, valued at approximately $2,323,828. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sidney J. Feltenstein sold 26,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $30.06, for a total transaction of $781,560.00. Following the transaction, the director now directly owns 39,750 shares of the company’s stock, valued at $1,194,885. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,510 shares of company stock valued at $2,448,937. Corporate insiders own 1.76% of the company’s stock.
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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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