Q3 2024 Earnings Estimate for Wingstop Inc. (NASDAQ:WING) Issued By Wedbush

Wingstop Inc. (NASDAQ:WING) – Wedbush boosted their Q3 2024 earnings per share estimates for Wingstop in a report issued on Monday, September 16th. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $0.99 per share for the quarter, up from their prior forecast of $0.98. Wedbush currently has a “Outperform” rating and a $440.00 target price on the stock. The consensus estimate for Wingstop’s current full-year earnings is $3.77 per share. Wedbush also issued estimates for Wingstop’s Q4 2024 earnings at $0.90 EPS, FY2024 earnings at $3.80 EPS, Q2 2025 earnings at $1.18 EPS, Q4 2025 earnings at $1.16 EPS and FY2025 earnings at $4.75 EPS.

A number of other analysts have also commented on the company. BMO Capital Markets boosted their price target on Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Morgan Stanley increased their price target on Wingstop from $390.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 16th. Stifel Nicolaus boosted their price target on Wingstop from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Raymond James upgraded Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research note on Thursday, August 1st. Finally, Piper Sandler raised their target price on shares of Wingstop from $353.00 to $375.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Wingstop presently has an average rating of “Hold” and a consensus target price of $379.53.

Wingstop Price Performance

Shares of Wingstop stock opened at $421.53 on Wednesday. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 150.01, a price-to-earnings-growth ratio of 4.09 and a beta of 1.71. The stock’s 50-day moving average is $380.27 and its 200-day moving average is $380.66. Wingstop has a one year low of $166.65 and a one year high of $431.03.

Wingstop (NASDAQ:WING) last issued its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $155.70 million for the quarter, compared to analyst estimates of $146.04 million. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. The company’s quarterly revenue was up 45.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 earnings per share.

Wingstop Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a dividend of $0.27 per share. This is an increase from Wingstop’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, August 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.26%. Wingstop’s payout ratio is presently 38.43%.

Insider Buying and Selling

In related news, SVP Donnie Upshaw sold 3,199 shares of Wingstop stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $372.71, for a total transaction of $1,192,299.29. Following the completion of the sale, the senior vice president now owns 97 shares of the company’s stock, valued at approximately $36,152.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.36% of the stock is currently owned by insiders.

Institutional Trading of Wingstop

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hollencrest Capital Management bought a new stake in shares of Wingstop during the 2nd quarter worth about $27,000. Rise Advisors LLC bought a new position in shares of Wingstop during the first quarter worth approximately $29,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Wingstop in the second quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Wingstop by 60.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after buying an additional 35 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Wingstop by 53.3% in the first quarter. GAMMA Investing LLC now owns 115 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 40 shares during the period.

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.