SunTrust Banks Analysts Lower Earnings Estimates for Wingstop Inc (WING)

Wingstop Inc (NASDAQ:WING) – Equities researchers at SunTrust Banks cut their Q4 2019 earnings per share estimates for shares of Wingstop in a research note issued to investors on Wednesday, November 14th. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will post earnings of $0.24 per share for the quarter, down from their previous estimate of $0.25. SunTrust Banks has a “Buy” rating and a $72.00 price objective on the stock.

A number of other analysts also recently weighed in on WING. Morgan Stanley increased their price target on shares of Wingstop from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, August 3rd. Stephens restated a “buy” rating and set a $57.00 target price on shares of Wingstop in a report on Friday, August 3rd. Barclays raised their target price on shares of Wingstop from $48.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, August 6th. Zacks Investment Research downgraded shares of Wingstop from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Wedbush restated an “outperform” rating and set a $70.00 target price (up from $59.00) on shares of Wingstop in a report on Wednesday, August 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.13.

Shares of NASDAQ:WING opened at $65.35 on Monday. The company has a market capitalization of $1.92 billion, a P/E ratio of 88.31, a PEG ratio of 3.92 and a beta of 1.10. Wingstop has a fifty-two week low of $37.50 and a fifty-two week high of $75.58.

Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Monday, October 29th. The restaurant operator reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $38.25 million for the quarter, compared to the consensus estimate of $38.02 million. Wingstop had a net margin of 21.14% and a negative return on equity of 21.61%. Wingstop’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the company posted $0.16 EPS.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Wingstop in the second quarter valued at approximately $118,000. Everence Capital Management Inc. acquired a new stake in shares of Wingstop in the second quarter valued at approximately $212,000. GWM Advisors LLC acquired a new stake in shares of Wingstop in the third quarter valued at approximately $224,000. Hartford Investment Management Co. acquired a new stake in shares of Wingstop in the second quarter valued at approximately $228,000. Finally, Amalgamated Bank acquired a new stake in shares of Wingstop in the second quarter valued at approximately $245,000.

In other news, insider Stacy Peterson sold 3,437 shares of Wingstop stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $66.05, for a total value of $227,013.85. Following the sale, the insider now directly owns 38,339 shares in the company, valued at $2,532,290.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Hislop sold 5,900 shares of Wingstop stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $69.11, for a total transaction of $407,749.00. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

The business also recently announced a special dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 26th will be issued a dividend of $3.05 per share. The ex-dividend date of this dividend is Friday, November 23rd. This represents a yield of 0.55%. Wingstop’s dividend payout ratio (DPR) is currently 48.65%.

About Wingstop

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 February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.

Further Reading: Return on Equity (ROE)

Earnings History and Estimates for Wingstop (NASDAQ:WING)

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