Wingstop (WING) to Release Earnings on Wednesday

Wingstop (NASDAQ:WING – Get Free Report) is scheduled to release its quarterly earnings report before the stock market opens on Wednesday, October 30th. Analysts predict that the company will report earnings of $0.96 per share for this quarter. Those who wish to join the earnings conference call can find more information through the provided link.

In its previous earnings report on July 31st, Wingstop announced earnings of $0.93 per share, surpassing the consensus estimate of $0.82 by $0.11. The company reported a net profit margin of 17.33% but showed a negative return on equity of 21.18%. Revenue for that quarter reached $155.70 million, exceeding the analyst expectations of $146.04 million. This was a significant increase, as it represented a 45.3% growth compared to the same quarter from the previous year, when the company had earnings of $0.57 per share. Looking ahead, analysts forecast earnings of $4 per share for the current fiscal year, with an increase to $5 per share expected for the following year.

Wingstop Stock Performance

As of Tuesday, WING stock opened at $368.56. The company's 50-day simple moving average stands at $394.13, while the 200-day simple moving average is $388.93. Over the last 52 weeks, Wingstop has seen a low of $176.82 and a high of $433.86. The company has a market capitalization of $10.80 billion, with a price-to-earnings ratio of 131.16, a price-to-earnings-growth ratio of 3.41, and a beta of 1.71.

Insider Trading Activity

In related news, Senior Vice President Donnie Upshaw sold 3,199 shares of Wingstop stock on August 8th, with an average sales price of $372.71. The total transaction amounted to approximately $1.19 million. After the sale, Upshaw retains ownership of 97 shares, valued at around $36,152.87, marking a negligible change in ownership percentage. This transaction has been disclosed in a filing with the Securities and Exchange Commission. Currently, insiders own about 0.36% of the company's stock.

Analyst Ratings Updates

Recent analysis from several research firms has impacted Wingstop's stock ratings. Wedbush has raised its target price for Wingstop shares from $425.00 to $440.00, assigning an “outperform” rating in a report dated September 16th. Morgan Stanley updated their target price from $390.00 to $400.00 and assigned an “equal weight” rating on July 16th. Additionally, Stephens reaffirmed an “overweight” rating, setting a price target of $490.00 on October 24th. The Goldman Sachs Group also raised their price target from $407.00 to $458.00, giving Wingstop a “neutral” rating in their August 1st report. Meanwhile, BMO Capital Markets increased their price objective from $345.00 to $360.00 while maintaining a “market perform” rating. In total, 10 analysts rate the stock as a hold, while nine recommend a buy. The consensus rating from MarketBeat.com is “Hold” with an average target price of $382.88.

Company Overview

Wingstop Company Profile

Wingstop Inc. operates and franchises restaurants under the Wingstop brand. The restaurant chain specializes in classic wings, boneless wings, and tenders, which are cooked to order and available in various flavors. They also offer chicken sandwiches, fries, and hand-cut carrots and celery.

Earnings, Wingstop, Stocks