Wingstop Inc (WING) reported quarterly earnings results on Thursday, Aug-4-2016. 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 $22.70 million in the period, compared to analysts expectations of $22.04 million. The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.
Many Wall Street Analysts have commented on Wingstop Inc. Wedbush Initiated Wingstop Inc on Jul 7, 2016 to “Outperform”, Price Target of the shares are set at $35.
Wingstop Inc closed down -0.38 points or -1.45% at $25.9 with 1,71,718 shares getting traded on Tusday. Post opening the session at $26.25, the shares hit an intraday low of $25.57 and an intraday high of $26.25 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jul 5, 2016, Flynn Dekker (Chief Marketing Officer) sold 5,036 shares at $27.03 per share price. According to the SEC, on Jun 29, 2016, Stacy Peterson (Chief Information Officer) sold 6,268 shares at $25.85 per share price. On Jun 29, 2016, William Engen (Chief Operating Officer) sold 4,340 shares at $25.85 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.