Wingstop Inc (NASDAQ:WING) Expected to Announce Quarterly Sales of $53.28 Million

Wall Street analysts expect that Wingstop Inc (NASDAQ:WING) will post $53.28 million in sales for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Wingstop’s earnings, with estimates ranging from $51.90 million to $54.27 million. Wingstop reported sales of $40.51 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.5%. The business is scheduled to issue its next earnings results on Wednesday, February 26th.

On average, analysts expect that Wingstop will report full-year sales of $199.60 million for the current year, with estimates ranging from $198.04 million to $200.76 million. For the next financial year, analysts expect that the business will post sales of $225.84 million, with estimates ranging from $222.60 million to $231.08 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Wingstop.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. Wingstop had a negative return on equity of 9.95% and a net margin of 10.61%. The firm had revenue of $49.88 million during the quarter, compared to analyst estimates of $49.26 million. During the same period last year, the company earned $0.21 EPS. Wingstop’s quarterly revenue was up 30.4% compared to the same quarter last year.

A number of brokerages recently issued reports on WING. Wedbush raised Wingstop from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $88.00 to $105.00 in a research note on Friday, January 3rd. Northcoast Research raised Wingstop from a “sell” rating to a “neutral” rating in a research note on Thursday, October 3rd. BidaskClub raised Wingstop from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Robert W. Baird raised Wingstop from a “neutral” rating to an “outperform” rating and set a $92.00 price target for the company in a research note on Monday, November 25th. Finally, Zacks Investment Research lowered Wingstop from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $99.56.

In other news, insider Michael Skipworth sold 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.42, for a total value of $164,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles R. Morrison sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $75.80, for a total value of $1,516,000.00. Following the completion of the transaction, the chief executive officer now directly owns 88,645 shares of the company’s stock, valued at $6,719,291. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in WING. Invesco Ltd. grew its stake in Wingstop by 375.0% during the 2nd quarter. Invesco Ltd. now owns 1,165,972 shares of the restaurant operator’s stock worth $110,476,000 after buying an additional 920,513 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Wingstop by 1,486.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 285,846 shares of the restaurant operator’s stock worth $27,083,000 after buying an additional 267,833 shares during the last quarter. Morgan Stanley grew its stake in Wingstop by 98.4% during the 2nd quarter. Morgan Stanley now owns 473,994 shares of the restaurant operator’s stock worth $44,911,000 after buying an additional 235,091 shares during the last quarter. Vanguard Group Inc. grew its stake in Wingstop by 6.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,389,552 shares of the restaurant operator’s stock worth $321,159,000 after buying an additional 204,867 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Wingstop by 1,252.3% during the 3rd quarter. Millennium Management LLC now owns 133,689 shares of the restaurant operator’s stock worth $11,668,000 after buying an additional 123,803 shares during the last quarter.

Shares of WING stock traded up $3.34 on Monday, reaching $93.64. 681,700 shares of the company’s stock were exchanged, compared to its average volume of 589,122. Wingstop has a 52 week low of $62.15 and a 52 week high of $107.43. The stock has a market capitalization of $2.66 billion, a PE ratio of 139.25, a P/E/G ratio of 6.51 and a beta of 0.76. The company’s fifty day simple moving average is $87.42 and its 200 day simple moving average is $89.32.

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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Earnings History and Estimates for Wingstop (NASDAQ:WING)

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