Wingstop (NASDAQ:WING) Issues Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Wingstop (NASDAQ:WING) posted its earnings results on Wednesday. The restaurant operator reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.09), Briefing.com reports. The company had revenue of $162.50 million during the quarter, compared to analyst estimates of $160.24 million. Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The firm’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS.

Wingstop Stock Performance

Shares of WING stock opened at $296.94 on Friday. Wingstop has a one year low of $196.54 and a one year high of $433.86. The company’s 50-day simple moving average is $388.10 and its 200-day simple moving average is $387.14. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of 86.57, a PEG ratio of 2.74 and a beta of 1.76.

Wingstop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a yield of 0.36%. Wingstop’s payout ratio is currently 31.49%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Barclays reduced their price target on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research report on Thursday. Morgan Stanley boosted their price target on shares of Wingstop from $390.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 16th. The Goldman Sachs Group boosted their price target on shares of Wingstop from $407.00 to $458.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Northcoast Research upgraded shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price target on the stock in a research note on Friday. Finally, Raymond James raised Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research note on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Wingstop presently has a consensus rating of “Moderate Buy” and a consensus price target of $370.85.

Insiders Place Their Bets

In other Wingstop news, SVP Donnie Upshaw sold 3,199 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total value of $1,192,299.29. Following the sale, the senior vice president now owns 97 shares in the company, valued at approximately $36,152.87. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is currently owned by corporate insiders.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.