SunTrust Banks Analysts Boost Earnings Estimates for Wingstop Inc (NASDAQ:WING)

Galtero Lara
Enero 14, 2018

(NASDAQ:WING) news were published by: Globenewswire.com which released: "Wingstop Inc.to Present at the 20th Annual ICR Conference" on January 02, 2018, also Globenewswire.com with their article: "Keep Austin Winged: Wingstop Expands Delivery Test To Austin Just In Time For ..." published on December 20, 2017, Globenewswire.com published: "Wingstop Appoints Larry Kruguer Executive Vice President and Chief Operating ..." on January 05, 2018. The firm now has $40.00 price objective on the restaurant operator's stock, up from their previous price objective of $36.00. SunTrust Banks also issued estimates for Wingstop's Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.93 EPS and FY2019 earnings at $1.16 EPS.

Other analysts have also issued research reports about the stock. (NASDAQ:WING) earned "Buy" rating by Robert W. Baird on Monday, December 4. Stifel Nicolaus assumed coverage on Wingstop in a research report on Monday, October 2nd. They set a "hold" rating and a $35.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Finally, Longbow Research assumed coverage on Wingstop in a research report on Friday, October 13th. The firm has "Hold" rating by Jefferies given on Friday, November 3.

Shares of Wingstop (NASDAQ:WING) traded up $0.90 during trading on Wednesday, reaching $44.25. 468,231 shares of the stock traded hands, compared to its average volume of 543,076. Wingstop has a one year low of $24.74 and a one year high of $45.14. The firm has a market cap of $1,287.45, a PE ratio of 62.61, a price-to-earnings-growth ratio of 2.73 and a beta of 0.69. The company has a debt-to-equity ratio of -2.37, a quick ratio of 0.89 and a current ratio of 0.89. Releases Preliminary Fiscal Fourth Quarter 2017 Sales Results" published on January 08, 2018 as well as Globenewswire.com's news article titled: "Wingstop Opens 100th International Location" with publication date: "January 03, 2018. The restaurant operator reported $0.17 EPS for the quarter, beating the Zacks' consensus estimate of $0.15 by $0.02. Wingstop had a net margin of 20.70% and a negative return on equity of 32.39%. The company had revenue of $26.03 million during the quarter, compared to analyst estimates of $25.13 million. During the same period last year, the firm earned $0.13 earnings per share. analysts predict that Wingstop will post 0.73 earnings per share for the current year. Wingstop's revenue for the quarter was up 19.4% on a year-over-year basis.

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The company also recently announced a None dividend, which was paid on Tuesday, December 19th. Shareholders of record on Monday, December 4th were issued a $0.07 dividend. The firm has "Underperform" rating by Jefferies given on Friday, December 22. This represents a dividend yield of 0.77%. Wingstop's dividend payout ratio (DPR) is presently 19.44%. The stock was sold at an average price of $41.03, for a total value of $205,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The stock was sold at an average price of $35.77, for a total transaction of $584,839.50. The disclosure for this sale can be found here.

Several institutional investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC now owns 3,496 shares of the restaurant operator's stock valued at $108,000 after purchasing an additional 1,396 shares during the last quarter. Cadence Capital Management LLC lifted its holdings in shares of Wingstop by 85.2% in the 2nd quarter. Timpani Capital Management LLC acquired a new stake in Wingstop in the second quarter worth approximately $2,084,000.

Mackenzie Financial Corp raised its stake in shares of Wingstop Inc. Piedmont Investment Advisors LLC purchased a new position in shares of Wingstop in the 3rd quarter valued at approximately $210,000. Teachers Retirement System of The State of Kentucky now owns 52,142 shares of the restaurant operator's stock worth $1,734,000 after purchasing an additional 1,546 shares during the last quarter. The Company's restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings.

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