Piper Sandler Weighs in on Wingstop Inc’s FY2021 Earnings (NASDAQ:WING)

Wingstop Inc (NASDAQ:WING) – Analysts at Piper Sandler dropped their FY2021 earnings estimates for Wingstop in a report issued on Sunday, September 13th. Piper Sandler analyst N. Regan now expects that the restaurant operator will earn $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 target on the stock.

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

A number of other research firms have also recently commented on WING. Goldman Sachs Group increased their price target on shares of Wingstop from $124.00 to $170.00 and gave the company a “conviction-buy” rating in a report on Thursday, July 30th. Cowen restated a “buy” rating and set a $140.00 price objective on shares of Wingstop in a research report on Tuesday, August 11th. Robert W. Baird increased their price objective on shares of Wingstop from $146.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. BMO Capital Markets increased their price target on shares of Wingstop from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. They noted that the move was a valuation call. Finally, BidaskClub downgraded shares of Wingstop from a “buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Wingstop currently has a consensus rating of “Buy” and a consensus target price of $140.88.

Shares of WING opened at $130.81 on Wednesday. The stock has a market cap of $3.87 billion, a PE ratio of 136.26, a price-to-earnings-growth ratio of 9.83 and a beta of 1.03. Wingstop has a fifty-two week low of $44.27 and a fifty-two week high of $170.00. The firm’s 50-day simple moving average is $155.20 and its two-hundred day simple moving average is $121.72.

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

Several large investors have recently bought and sold shares of the company. Federated Hermes Inc. raised its holdings in shares of Wingstop by 7.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,516,938 shares of the restaurant operator’s stock valued at $210,808,000 after purchasing an additional 111,388 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Wingstop by 95.9% in the 1st quarter. Eagle Asset Management Inc. now owns 1,308,821 shares of the restaurant operator’s stock valued at $108,675,000 after purchasing an additional 640,693 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Wingstop by 3.5% in the 1st quarter. Invesco Ltd. now owns 1,204,647 shares of the restaurant operator’s stock valued at $96,010,000 after purchasing an additional 40,304 shares in the last quarter. State Street Corp raised its holdings in shares of Wingstop by 6.1% in the 1st quarter. State Street Corp now owns 881,942 shares of the restaurant operator’s stock valued at $70,291,000 after purchasing an additional 50,977 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Wingstop by 6.7% in the 1st quarter. Wellington Management Group LLP now owns 774,761 shares of the restaurant operator’s stock valued at $61,749,000 after purchasing an additional 48,706 shares in the last quarter.

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 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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