Wingstop Inc. (NASDAQ:WING) – Investment analysts at SunTrust Banks boosted their FY2016 earnings per share estimates for shares of Wingstop in a research note issued on Wednesday. SunTrust Banks analyst J. Bartlett now expects that the firm will post earnings of $0.57 per share for the year, up from their previous forecast of $0.56. SunTrust Banks also issued estimates for Wingstop’s FY2017 earnings at $0.68 EPS.
Wingstop (NASDAQ:WING) last issued its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Wingstop had a net margin of 18.15% and a negative return on equity of 218.88%. The business had revenue of $22.70 million for the quarter, compared to analysts’ expectations of $22.05 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year.
Other equities analysts also recently issued research reports about the stock. Morgan Stanley reaffirmed a “buy” rating and set a $38.00 target price on shares of Wingstop in a research note on Friday, August 5th. Jefferies Group reissued a “buy” rating and set a $30.00 price target on shares of Wingstop in a research report on Monday, August 8th. Goldman Sachs Group Inc. raised their price target on shares of Wingstop from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 12th. Zacks Investment Research raised shares of Wingstop from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Thursday, September 1st. Finally, Wells Fargo & Co. reissued a “market perform” rating and set a $26.00 price target on shares of Wingstop in a research report on Saturday, July 2nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Wingstop has a consensus rating of “Buy” and an average target price of $32.27.
Shares of Wingstop (NASDAQ:WING) traded up 1.46% during midday trading on Friday, reaching $28.52. 62,423 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $29.49 and a 200-day moving average of $27.39. Wingstop has a one year low of $20.31 and a one year high of $33.10. The stock has a market cap of $819.32 million, a price-to-earnings ratio of 54.32 and a beta of 0.63.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its position in Wingstop by 5.5% in the first quarter. Franklin Resources Inc. now owns 1,194,419 shares of the company’s stock worth $27,090,000 after buying an additional 61,785 shares during the period. BlackRock Group LTD bought a new stake in shares of Wingstop during the first quarter worth about $3,004,000. Spark Investment Management LLC bought a new stake in shares of Wingstop during the first quarter worth about $861,000. State Street Corp increased its stake in shares of Wingstop by 24.6% in the first quarter. State Street Corp now owns 105,247 shares of the company’s stock worth $2,388,000 after buying an additional 20,804 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Wingstop during the first quarter worth about $13,551,000. Institutional investors own 58.92% of the company’s stock.
In related news, insider David A. Vernon sold 6,540 shares of Wingstop stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $28.70, for a total transaction of $187,698.00. Following the transaction, the insider now owns 80,349 shares in the company, valued at approximately $2,306,016.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Neal K. Aronson sold 6,000,000 shares of Wingstop stock in a transaction on Friday, August 12th. The shares were sold at an average price of $28.50, for a total transaction of $171,000,000.00. The disclosure for this sale can be found here. Corporate insiders own 45.70% of the company’s stock.