Wingstop Inc (NASDAQ:WING) – Analysts at Piper Sandler cut their FY2021 earnings per share (EPS) estimates for shares of Wingstop in a research note issued on Sunday, September 13th. Piper Sandler analyst N. Regan now expects that the restaurant operator will post earnings of $1.25 per share for the year, down from their prior forecast of $1.26. Piper Sandler has a “Overweight” rating and a $158.00 price objective on the stock.

Several other equities research analysts also recently commented on WING. Goldman Sachs Group lifted their price objective on Wingstop from $124.00 to $170.00 and gave the stock a “conviction-buy” rating in a report on Thursday, July 30th. BidaskClub cut Wingstop from a “buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Northcoast Research cut Wingstop from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 15th. Zacks Investment Research raised Wingstop from a “hold” rating to a “buy” rating and set a $186.00 price objective on the stock in a research report on Wednesday, August 26th. Finally, BTIG Research cut Wingstop from a “buy” rating to a “neutral” rating in a research report on Thursday, July 9th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $140.88.

NASDAQ WING opened at $131.76 on Wednesday. Wingstop has a one year low of $44.27 and a one year high of $170.00. The stock has a 50-day moving average of $155.26 and a 200 day moving average of $121.51. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 137.25, a PEG ratio of 9.83 and a beta of 1.03.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.39 EPS for the quarter, topping the consensus estimate of $0.29 by $0.10. Wingstop had a negative return on equity of 14.61% and a net margin of 12.73%. The company had revenue of $66.10 million during the quarter, compared to the consensus estimate of $62.46 million. During the same period last year, the company earned $0.17 EPS. Wingstop’s revenue for the quarter was up 36.0% on a year-over-year basis.

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, August 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.43%. This is an increase from Wingstop’s previous quarterly dividend of $0.11. Wingstop’s payout ratio is currently 76.71%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Advisers LP increased its position in shares of Wingstop by 54.6% during the 2nd quarter. Two Sigma Advisers LP now owns 240,018 shares of the restaurant operator’s stock valued at $33,355,000 after purchasing an additional 84,800 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in Wingstop in the 2nd quarter valued at $966,000. Two Sigma Securities LLC bought a new position in Wingstop in the 2nd quarter valued at $216,000. Neuberger Berman Group LLC grew its position in Wingstop by 156.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 24,172 shares of the restaurant operator’s stock valued at $3,359,000 after acquiring an additional 14,737 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in Wingstop in the 2nd quarter valued at $1,798,000.

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.

See Also: Gross Domestic Product (GDP)

Earnings History and Estimates for Wingstop (NASDAQ:WING)

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