Wingstop (WING) Expected to Announce Earnings on Wednesday

Wingstop (NASDAQ:WING - Get Free Report) is projected to post its quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect Wingstop to post earnings of $0.89 per share and revenue of $164.65 million for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Wingstop Stock Down 2.3 %

NASDAQ:WING traded down $7.24 during trading hours on Friday, reaching $304.69. 641,132 shares of the company's stock were exchanged, compared to its average volume of 521,474. The company has a market capitalization of $8.90 billion, a P/E ratio of 88.83, a price-to-earnings-growth ratio of 2.76 and a beta of 1.81. Wingstop has a 12 month low of $266.45 and a 12 month high of $433.86. The business's 50-day simple moving average is $293.97 and its two-hundred day simple moving average is $343.57.

Wingstop declared that its board has approved a share repurchase program on Thursday, December 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the restaurant operator to reacquire up to 5.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other Wingstop news, SVP Raj Kapoor sold 266 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $324.38, for a total value of $86,285.08. Following the completion of the transaction, the senior vice president now directly owns 266 shares of the company's stock, valued at approximately $86,285.08. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.36% of the company's stock.

Wall Street Analyst Weigh In

WING has been the subject of a number of research reports. TD Cowen decreased their target price on shares of Wingstop from $450.00 to $365.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Wedbush reissued an "outperform" rating and set a $390.00 target price on shares of Wingstop in a research note on Tuesday, November 5th. Stephens reissued an "overweight" rating and set a $468.00 target price on shares of Wingstop in a research note on Thursday, January 2nd. Benchmark raised shares of Wingstop from a "hold" rating to a "buy" rating and set a $340.00 target price for the company in a research note on Thursday, October 31st. Finally, Piper Sandler decreased their target price on shares of Wingstop from $375.00 to $300.00 and set a "neutral" rating for the company in a research note on Monday, November 4th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $385.72.

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.