Wingstop Inc. (NASDAQ:WING) – Investment analysts at SunTrust Banks upped their FY2016 EPS estimates for Wingstop in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst J. Bartlett now anticipates that the firm will earn $0.57 per share for the year, up from their previous estimate of $0.56. SunTrust Banks also issued estimates for Wingstop’s FY2017 earnings at $0.68 EPS.
WING has been the subject of a number of other reports. Wedbush reaffirmed an “outperform” rating and set a $36.00 price target (up from $35.00) on shares of Wingstop in a report on Monday, August 29th. Robert W. Baird lifted their price target on Wingstop from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, September 7th. KeyCorp started coverage on Wingstop in a report on Wednesday, September 7th. They set an “overweight” rating and a $36.00 price target for the company. Zacks Investment Research downgraded Wingstop from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Wells Fargo & Co. reiterated a “market perform” rating and set a $26.00 target price on shares of Wingstop in a research report on Saturday, July 2nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $32.27.
Shares of Wingstop (NASDAQ:WING) opened at 28.40 on Friday. Wingstop has a 52 week low of $20.31 and a 52 week high of $33.10. The stock has a 50 day moving average price of $29.43 and a 200-day moving average price of $27.44. The stock has a market cap of $815.88 million, a P/E ratio of 54.10 and a beta of 0.63.
Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Wingstop had a negative return on equity of 218.88% and a net margin of 18.15%. The firm had revenue of $22.70 million for the quarter, compared to the consensus estimate of $22.05 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The company’s revenue was up 18.2% compared to the same quarter last year.
In related news, insider David A. Vernon sold 6,540 shares of the business’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $28.70, for a total value of $187,698.00. Following the transaction, the insider now owns 80,349 shares in the company, valued at approximately $2,306,016.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Neal K. Aronson sold 6,000,000 shares of the business’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $28.50, for a total value of $171,000,000.00. The disclosure for this sale can be found here. 45.70% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in WING. Wellington Management Group LLP boosted its position in Wingstop by 59.4% in the first quarter. Wellington Management Group LLP now owns 1,968,024 shares of the company’s stock valued at $44,635,000 after buying an additional 733,201 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in Wingstop during the first quarter valued at about $13,551,000. Jennison Associates LLC acquired a new position in Wingstop during the second quarter valued at about $15,828,000. Waddell & Reed Financial Inc. acquired a new position in Wingstop during the second quarter valued at about $7,737,000. Finally, BlackRock Fund Advisors boosted its position in Wingstop by 133.1% in the second quarter. BlackRock Fund Advisors now owns 372,021 shares of the company’s stock valued at $10,138,000 after buying an additional 212,444 shares during the last quarter. Institutional investors own 58.92% of the company’s stock.
Wingstop Inc is a franchisor and operator of restaurants that specialize in cooked-to-order, hand-sauced and tossed chicken wings. The Company offers its guests with over 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides. It is a casual chicken wings-focused restaurant chain with various concepts, which include wings as add-on menu items or focus on wings in a bar or sports-centric setting.
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