Equities analysts predict that Wingstop Inc. (NASDAQ:WING) will report $25.10 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Wingstop’s earnings, with estimates ranging from $24.61 million to $25.51 million. Wingstop reported sales of $21.81 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.1%. The company is expected to issue its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Wingstop will report full-year sales of $25.10 million for the current year, with estimates ranging from $102.69 million to $104.54 million. For the next financial year, analysts forecast that the company will report sales of $113.12 million per share, with estimates ranging from $111.09 million to $115.43 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Wingstop.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The company had revenue of $24.70 million for the quarter, compared to analysts’ expectations of $24.61 million. Wingstop had a negative return on equity of 28.04% and a net margin of 19.28%. During the same period in the previous year, the business posted $0.15 earnings per share.

A number of equities analysts have commented on the company. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) raised Wingstop from a “buy” rating to a “conviction-buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, May 23rd. Zacks Investment Research raised Wingstop from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Barclays PLC reaffirmed an “equal weight” rating and issued a $34.00 price target (up from $32.00) on shares of Wingstop in a research note on Friday, August 4th. Finally, Wedbush reaffirmed a “buy” rating on shares of Wingstop in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.25.

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Wingstop (NASDAQ WING) traded up 0.48% during mid-day trading on Friday, hitting $33.59. The stock had a trading volume of 289,725 shares. The firm has a market cap of $976.53 million, a PE ratio of 52.40 and a beta of 0.58. The company’s 50 day moving average price is $32.92 and its 200 day moving average price is $28.33. Wingstop has a 52 week low of $24.74 and a 52 week high of $34.00.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Sunday, September 3rd will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.83%. Wingstop’s dividend payout ratio is presently 10.94%.

In related news, insider Stacy Peterson sold 11,557 shares of Wingstop stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $34.60, for a total transaction of $399,872.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Charles R. Morrison sold 25,000 shares of Wingstop stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $34.71, for a total value of $867,750.00. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fortaleza Asset Management Inc. purchased a new position in Wingstop during the second quarter valued at $108,000. Riverhead Capital Management LLC raised its stake in Wingstop by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator’s stock valued at $108,000 after buying an additional 1,396 shares during the last quarter. Pinebridge Investments L.P. raised its stake in Wingstop by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 3,818 shares of the restaurant operator’s stock valued at $118,000 after buying an additional 52 shares during the last quarter. LS Investment Advisors LLC raised its stake in Wingstop by 291.0% during the first quarter. LS Investment Advisors LLC now owns 4,321 shares of the restaurant operator’s stock valued at $122,000 after buying an additional 3,216 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Wingstop by 79.3% during the second quarter. State of Alaska Department of Revenue now owns 5,720 shares of the restaurant operator’s stock valued at $176,000 after buying an additional 2,530 shares during the last quarter.

About Wingstop

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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Earnings History and Estimates for Wingstop (NASDAQ:WING)

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