Wingstop (NASDAQ:WING – Get Free Report) announced its quarterly earnings data on Wednesday. The restaurant operator reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11, Briefing.com reports. Wingstop had a negative return on equity of 20.97% and a net margin of 17.33%. The company had revenue of $155.70 million during the quarter, compared to analyst estimates of $146.04 million. During the same quarter last year, the firm posted $0.57 EPS. The firm’s revenue for the quarter was up 45.3% on a year-over-year basis.
Wingstop Price Performance
Shares of Wingstop stock opened at $371.66 on Friday. The business’s 50 day simple moving average is $394.38 and its two-hundred day simple moving average is $360.69. The stock has a market capitalization of $10.89 billion, a P/E ratio of 132.26, a price-to-earnings-growth ratio of 4.26 and a beta of 1.69. Wingstop has a one year low of $150.08 and a one year high of $431.03.
Wingstop Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a $0.27 dividend. This is an increase from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.08 dividend on an annualized basis and a yield of 0.29%. Wingstop’s payout ratio is presently 31.32%.
Insiders Place Their Bets
Analysts Set New Price Targets
Several equities research analysts recently weighed in on WING shares. TD Cowen reissued a “buy” rating and issued a $450.00 price objective on shares of Wingstop in a report on Wednesday. Bank of America raised their target price on Wingstop from $421.00 to $461.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Benchmark restated a “hold” rating on shares of Wingstop in a research note on Thursday, May 2nd. Stifel Nicolaus raised their target price on Wingstop from $420.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Finally, The Goldman Sachs Group raised their target price on Wingstop from $407.00 to $458.00 and gave the stock a “neutral” rating in a research note on Thursday. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $348.63.
Read Our Latest Stock Analysis on Wingstop
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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