Wingstop (NASDAQ:WING) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Wingstop (NASDAQ:WING - Get Free Report) released its quarterly earnings results on Wednesday. The restaurant operator reported $0.88 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.09), Briefing.com reports. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The firm had revenue of $162.50 million for the quarter, compared to analysts' expectations of $160.24 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. The company's quarterly revenue was up 38.8% on a year-over-year basis.

Wingstop Stock Up 0.8 %

WING stock traded up $2.33 during trading on Thursday, hitting $292.32. The company had a trading volume of 583,484 shares, compared to its average volume of 447,875. The firm has a market cap of $8.56 billion, a PE ratio of 103.20, a price-to-earnings-growth ratio of 3.41 and a beta of 1.71. Wingstop has a 1-year low of $177.88 and a 1-year high of $433.86. The firm has a 50-day moving average price of $392.16 and a 200-day moving average price of $388.27.

Wingstop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.37%. The ex-dividend date is Friday, November 15th. Wingstop's dividend payout ratio (DPR) is presently 38.43%.

Analyst Ratings Changes

Several research analysts have recently commented on WING shares. TD Cowen lowered their price target on Wingstop from $450.00 to $365.00 and set a "buy" rating for the company in a research report on Thursday. Benchmark upgraded Wingstop from a "hold" rating to a "buy" rating and set a $340.00 target price for the company in a report on Thursday. Raymond James upgraded Wingstop from a "market perform" rating to an "outperform" rating and set a $42.00 target price for the company in a report on Thursday, August 1st. Morgan Stanley lifted their target price on Wingstop from $390.00 to $400.00 and gave the company an "equal weight" rating in a report on Tuesday, July 16th. Finally, BTIG Research upgraded Wingstop from a "neutral" rating to a "buy" rating and set a $370.00 target price for the company in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $374.32.

Insider Activity at Wingstop

In related news, SVP Donnie Upshaw sold 3,199 shares of the business's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $372.71, for a total value of $1,192,299.29. Following the transaction, the senior vice president now owns 97 shares in the company, valued at $36,152.87. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.36% of the stock is currently owned by insiders.

About Wingstop

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.

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