Wingstop (NASDAQ:WING) Posts Earnings Results, Misses Expectations By $0.09 EPS

Wingstop (NASDAQ:WING) posted its quarterly earnings results on Wednesday. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.09), Briefing.com reports. The business had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $160.24 million. Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The business’s quarterly revenue was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share.

Wingstop Stock Performance

Shares of NASDAQ WING traded up $1.11 during midday trading on Thursday, hitting $291.10. 872,806 shares of the stock traded hands, compared to its average volume of 449,142. The firm has a market capitalization of $8.53 billion, a P/E ratio of 104.03, a PEG ratio of 3.41 and a beta of 1.71. Wingstop has a one year low of $177.88 and a one year high of $433.86. The firm has a 50-day moving average of $392.16 and a two-hundred day moving average of $388.27.

Wingstop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, November 15th. This represents a $1.08 annualized dividend and a dividend yield of 0.37%. Wingstop’s payout ratio is 38.43%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Benchmark raised Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price objective for the company in a research note on Thursday. Truist Financial raised their price target on shares of Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. BTIG Research raised Wingstop from a “neutral” rating to a “buy” rating and set a $370.00 target price on the stock in a research note on Thursday. Morgan Stanley boosted their price target on shares of Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 16th. Finally, BMO Capital Markets increased their price objective on Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $371.95.

Insider Buying and Selling

In other news, SVP Donnie Upshaw sold 3,199 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total value of $1,192,299.29. Following the transaction, the senior vice president now owns 97 shares in the company, valued at $36,152.87. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by corporate insiders.

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.