Wingstop Inc (WING) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.14. The company posted revenue of $22.10 million in the period, compared to analysts expectations of $21.46 million. The company’s revenue was up 16.3% compared to the same quarter last year.
Many Wall Street Analysts have commented on Wingstop Inc. Wingstop Inc was Upgraded by Goldman to ” Buy” on Apr 1, 2016. Company shares were Reiterated by Barclays on Mar 4, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 27 from a previous price target of $25 .
Wingstop Inc opened for trading at $24.8 and hit $25.8 on the upside on Wednesday, eventually ending the session at $25.65, with a gain of 3.93% or 0.97 points. The heightened volatility saw the trading volume jump to 2,35,740 shares. Company has a market cap of $733 M.
In a different news, on Mar 15, 2016, Neal K Aronson (director) sold 6,354,532 shares at $22.86 per share price. According to the SEC, on Mar 14, 2016, Charles R Morrison (President and CEO) sold 47,150 shares at $22.86 per share price. On Jun 17, 2015, William Engen (COO) purchased 4,200 shares at $19.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Wingstop Inc. (Wingstop) is a franchisor and operator of restaurants that specializes in hand-sauced and tossed chicken wings. The Company offers around 11 flavors on its bone-in and boneless chicken wings paired with hand-cut seasoned fries and sides made fresh daily. The Company operates business through two segments which include Franchise segment and Company segment. The Company’s Franchise segment consists of its domestic and international franchise restaurants. Its franchise operations segment consists of approximately 693 restaurants which are operated by its Wingstop franchisees in the United States and five countries outside of the United States. The Company’s Company segment consists of Company-owned restaurants which are located in the United States.