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Wingstop (WING) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2025-01-23 00:21
Company Performance - Wingstop's stock closed at $283.58, reflecting a +1.11% change from the previous day, outperforming the S&P 500's gain of 0.61% [1] - Over the last month, Wingstop's shares decreased by 3.86%, underperforming compared to the Retail-Wholesale sector's gain of 2.32% and the S&P 500's gain of 2.08% [1] Upcoming Earnings - Wingstop's earnings report is anticipated on February 19, 2025, with an expected EPS of $0.86, representing a 34.38% increase from the prior-year quarter [2] - The consensus estimate projects revenue of $165.05 million, indicating a 29.9% rise from the same quarter last year [2] Analyst Projections - Recent shifts in analyst projections for Wingstop are important as they reflect changes in near-term business trends [3] - Positive revisions in estimates suggest analysts' confidence in the company's performance and profit potential [3] Valuation Metrics - Wingstop currently has a Forward P/E ratio of 63.66, which is a premium compared to the industry's average Forward P/E of 23.27 [6] - The PEG ratio for Wingstop is 2.18, while the average PEG ratio for Retail-Restaurants stocks is 2 [6] Industry Ranking - The Retail-Restaurants industry holds a Zacks Industry Rank of 89, placing it in the top 36% of over 250 industries [7] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [7]
Wingstop Inc. to Announce Fiscal Fourth Quarter and Full Year 2024 Financial Results on February 19, 2025
Prnewswire· 2025-01-21 13:01
Core Insights - Wingstop Inc. will host a conference call on February 19, 2025, to discuss its fiscal fourth quarter and full year 2024 financial results [1] - The company reported a 27.1% increase in system-wide sales for fiscal year 2023, reaching approximately $3.5 billion, marking 20 consecutive years of same-store sales growth [5] Company Overview - Founded in 1994 and headquartered in Dallas, TX, Wingstop operates and franchises over 2,450 locations globally [4] - The brand focuses on providing an unparalleled guest experience with a technology platform and a menu featuring classic and boneless wings, tenders, and chicken sandwiches in 12 distinct flavors [4] Business Performance - Wingstop's system comprises corporate-owned restaurants and independent franchisees, with franchisees accounting for about 98% of the total restaurant count as of September 28, 2024 [5] - The company aims to become a Top 10 Global Restaurant Brand [5] Recognition and Awards - In 2024, Wingstop was listed on Ad Age's 'Hottest Brands' and recognized as one of QSR Magazine's "Best Brands to Work For" [7] - The company ranked 14 on Entrepreneur Magazine's 'Franchise 500' as one of the fastest-growing franchises [7] - Wingstop received its "Best Places to Work" certification in 2023 [7] Corporate Values - The success of Wingstop is attributed to "The Wingstop Way," which emphasizes authenticity, entrepreneurship, service-mindedness, and fun [6] - The brand is committed to environmental, social, and governance initiatives to provide value to all guests [6]
Wingstop (WING) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2025-01-15 00:20
Group 1 - Wingstop's stock closed at $273.44, reflecting a -0.91% change from the previous day, underperforming compared to the S&P 500's gain of 0.12% [1] - Over the last month, Wingstop's shares decreased by 8.11%, while the Retail-Wholesale sector and S&P 500 saw losses of 4.43% and 3.45%, respectively [1] Group 2 - Wingstop is expected to report an EPS of $0.86, representing a 34.38% increase year-over-year, with revenue forecasted at $165.05 million, indicating a 29.9% growth compared to the same quarter last year [2] - Recent changes in analyst estimates for Wingstop may indicate a favorable outlook on the company's business health and profitability [3] Group 3 - The Zacks Rank system, which evaluates estimate changes, indicates that Wingstop currently holds a Zacks Rank of 3 (Hold), with a recent 1.08% decline in the consensus EPS estimate [5] - The Forward P/E ratio for Wingstop is 62.63, significantly higher than the industry average of 22.75, and the PEG ratio stands at 2.15 compared to the industry average of 1.97 [6] Group 4 - The Retail-Restaurants industry, which includes Wingstop, has a Zacks Industry Rank of 143, placing it in the bottom 44% of over 250 industries [7]
Wingstop: Flying Too Close To The Sun On Icarian Wings
Seeking Alpha· 2024-12-11 18:54
Group 1 - Wingstop Inc. (NASDAQ: WING) has achieved its 21st consecutive quarter of growth, indicating strong performance in the fast-casual restaurant sector [1] - The company is positioned above its competitors in the fast-casual restaurant market, similar to the historical significance of the Lockheed P-38 Lightning in the 1940s [1] - The analysis is conducted by a specialized firm focused on restaurant stocks, employing advanced analytical models and valuation techniques to provide insights [1] Group 2 - The coverage of the firm includes various segments of the restaurant industry, such as QSR, fast casual, casual dining, fine dining, and family dining [1] - The firm aims to help investors make informed decisions through detailed insights and actionable strategies [1] - The founder has a strong background in Business Administration and Accounting, complemented by an MBA in Forensic Accounting and Controllership [1]
Wingstop Announces Additional $500 Million Share Repurchase Authorization
Prnewswire· 2024-12-05 21:30
DALLAS, Dec. 5, 2024 /PRNewswire/ -- Wingstop Inc. (NASDAQ: WING) today announced that its board of directors approved the purchase of up to an additional $500 million of its outstanding shares of common stock under its existing share repurchase program, effective immediately. This repurchase program follows the substantial completion of purchases of common stock under the inaugural $250 million repurchase authorization from August 2023. With this additional repurchase authorization, the Company anticipates ...
Should You Invest in Wingstop (WING) Based on Bullish Wall Street Views?
ZACKS· 2024-12-04 15:30
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Wingstop (WING) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Wingstop currently has an average ...
Wingstop Inc. Announces Intention to Enter Into New Securitized Financing Facility
Prnewswire· 2024-11-13 14:25
DALLAS, Nov. 13, 2024 /PRNewswire/ -- Wingstop Inc. ("Wingstop" or the "Company") (NASDAQ: WING), today announced its intention to complete a securitized financing transaction, which will include a new series of securitized debt. The Company also expects to upsize the capacity of its variable funding note facility.The Company intends to issue $500 million of new securitized notes (the "Notes"), in addition to its existing Series 2022-1 and Series 2020-1 Fixed Rate Senior Notes. The Company intends to use th ...
Blaze Pizza Expands Growth with Latest California Development Agreement from Established Wingstop Franchisees
GlobeNewswire News Room· 2024-11-11 23:14
ATLANTA, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Blaze Pizza, the recognized leader in fast-casual artisanal pizza, is firing up its growth engine thanks to a partnership with a multi-unit franchisee with extensive fast casual and quick service experience. Blaze Pizza’s latest development plan targets the Southern California market, covering Ventura, Santa Barbara, and the Upper San Fernando Valley—all areas west of Los Angeles. This five-unit agreement is with Red Phoenix Group, LLC, owned by Ray Luthra and his ...
These Analysts Slash Their Forecasts On Wingstop After Q3 Results
Benzinga· 2024-10-31 16:16
Wingstop WING reported mixed third-quarter financial results on Wednesday.The company reported third-quarter earnings per share of 88 cents, missing the street view of 95 cents. Quarterly sales of $162.498 million beat the analyst consensus estimate of $161.535 million.The companydeclared a quarterly dividend of $0.27 per share of common stock, resulting in a total dividend of approximately $7.9 million. This dividend will be paid on December 6The company reaffirmed approximately 20% domestic same-store sal ...
Wingstop Q3: Market Expectations Didn't Support An Earnings Hiccup (Rating Upgrade)
Seeking Alpha· 2024-10-31 09:34
Wingstop Inc. (NASDAQ: WING ), the restaurant chain known for its chicken wings, reported the company's Q3 results on the 30 th of October in pre-market hours. While Wingstop reported incredible growth, exceeding Wall Street's expectations, the stock reacted with a I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced sec ...