Wingstop Inc (NASDAQ:WING) – Stock analysts at Northcoast Research cut their Q3 2019 earnings per share estimates for shares of Wingstop in a research report issued to clients and investors on Wednesday, August 7th. Northcoast Research analyst J. Sanderson now forecasts that the restaurant operator will post earnings of $0.15 per share for the quarter, down from their prior estimate of $0.16. Northcoast Research has a “Sell” rating on the stock. Northcoast Research also issued estimates for Wingstop’s Q4 2019 earnings at $0.16 EPS, FY2019 earnings at $0.71 EPS and FY2020 earnings at $0.84 EPS.
Wingstop (NASDAQ:WING) last posted its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.17 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The firm had revenue of $48.56 million during the quarter, compared to analyst estimates of $47.53 million. Wingstop had a net margin of 11.54% and a negative return on equity of 11.09%. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS.
NASDAQ:WING opened at $100.08 on Thursday. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 119.14, a price-to-earnings-growth ratio of 6.61 and a beta of 0.84. Wingstop has a 52 week low of $56.95 and a 52 week high of $101.70. The company has a 50-day moving average price of $94.88.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.44 annualized dividend and a dividend yield of 0.44%. This is a positive change from Wingstop’s previous quarterly dividend of $0.09. Wingstop’s dividend payout ratio (DPR) is presently 42.86%.
In other news, CEO Charles R. Morrison sold 20,009 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $78.10, for a total transaction of $1,562,702.90. Following the completion of the sale, the chief executive officer now owns 123,007 shares in the company, valued at approximately $9,606,846.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lawrence Kruguer sold 1,466 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $79.72, for a total transaction of $116,869.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,855 shares of company stock valued at $2,623,523. 1.00% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. Manchester Capital Management LLC purchased a new stake in shares of Wingstop during the 1st quarter worth approximately $40,000. First Mercantile Trust Co. purchased a new position in Wingstop in the 1st quarter valued at approximately $209,000. Miles Capital Inc. purchased a new position in Wingstop in the 1st quarter valued at approximately $216,000. Magnus Financial Group LLC purchased a new position in Wingstop in the 1st quarter valued at approximately $221,000. Finally, GWM Advisors LLC grew its stake in Wingstop by 4.1% in the 2nd quarter. GWM Advisors LLC now owns 2,935 shares of the restaurant operator’s stock valued at $278,000 after buying an additional 116 shares in the last quarter.
Wingstop Company Profile
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.
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