For Immediate Releases Chicago, IL – August 26, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Texas Roadhouse Inc. (TXRH) , Wingstop Inc. (WING) , Potbelly Corp. (PBPB) , El Pollo Loco Holdings Inc. (LOCO) and Meritage Hospitality Group Inc. (MHGU) . Here are highlights from Monday's Analyst Blog: 5 Restaurant ...

Andrew1Norton/iStock via Getty Images Introduction & Investment Thesis I last wrote about Wingstop (NASDAQ:WING) in June, where I initiated a "sell" rating on the stock based on my belief that there was excessive investor optimism baked into its valuation, which would make it prone to a sizable pullback should management fail to surprise in future earnings reports along with macroeconomic uncertainties. The stock had declined more than 10% from my price at publication, underperforming the S&P 500. The compa ...

Over the last four quarters, the company has surpassed consensus EPS estimates four times. Wingstop (WING) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for nonrecurring items. Wingstop, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $155.7 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 8.14%. Th ...

Key operating metrics for the fiscal second quarter 2024 compared to the fiscal second quarter 2023: Cost of sales was $22.7 million compared to $16.6 million in the fiscal second quarter of the prior year. As a percentage of company-owned restaurant sales, cost of sales increased to 75.9% from 73.7% in the prior year comparable period. The increase as a percentage of company-owned restaurant sales was driven by food, beverage and packaging costs primarily resulting from an increase in the cost of bone-in c ...

FOR IMMEDIATE RELEASE Wingstop Inc. Reports Fiscal Second Quarter 2024 Financial Results Delivers 15.0% Unit Growth Domestic Same Store Sales Increased 28.7%, Driven by Transaction Growth Dallas, July 31, 2024 - (PR NEWSWIRE) - Wingstop Inc. (NASDAQ: WING) today announced financial results for the fiscal second quarter ended June 29, 2024. Highlights for the fiscal second quarter 2024 compared to the fiscal second quarter 2023: Adjusted EBITDA is a non-GAAP measure. A reconciliation of adjusted EBITDA to th ...

A press release with fiscal second quarter 2024 financial results will be issued before the market opens that morning. About Wingstop In fiscal year 2023, Wingstop's system-wide sales increased 27.1% to approximately $3.5 billion and marked its 20th consecutive year of same store sales growth. With a vision of becoming a Top 10 Global Restaurant Brand, Wingstop's system is comprised of independent franchisees, or brand partners, who account for approximately 98% of Wingstop's total restaurant count of 2,279 ...

Company Overview - Wingstop closed at $414.76, with a daily increase of 1.49%, outperforming the S&P 500 which fell by 0.16% [1] - The upcoming earnings release is anticipated, with an expected EPS of $0.78, reflecting a growth of 36.84% year-over-year, and a revenue estimate of $140.87 million, indicating a 31.45% increase compared to the same quarter last year [4] - Full-year Zacks Consensus Estimates project earnings of $3.40 per share and revenue of $588.25 million, representing year-over-year changes of +37.1% and +27.87% respectively [11] Valuation Metrics - Wingstop is currently trading at a Forward P/E ratio of 120.2, significantly higher than the industry average of 19.43, indicating a premium valuation [5] - The company has a PEG ratio of 5.23, compared to the industry average PEG ratio of 1.74 [12] Market Performance - Wingstop shares have increased by 7.23% over the last month, outperforming the Retail-Wholesale sector's gain of 1% and the S&P 500's gain of 3.15% [8] - The Zacks Rank system currently rates Wingstop as 1 (Strong Buy), with a historical average return of +25% annually for 1 rated stocks since 1988 [9] Industry Context - The Retail - Restaurants industry is currently ranked 149 out of over 250 industries, placing it in the bottom 41% [7]

In this regard, we ran a screener that yielded Wingstop (WING) , Burlington Stores (BURL) and Prokidney CP (PROK) as the likely winners on the earnings beat potential. Why Is a Positive Earnings Surprise So Important? Also, seasonal fluctuations come into play sometimes. If a company's Q1 is seasonally weak and Q4 strong, then it is likely to report a sequential earnings decline. In such cases, growth rates are misleading while judging the true health of a company. Thus, outperforming that estimate is almos ...

The U.S. restaurant industry has largely been responsible for helping the retail sector survive inflationary pressures. U.S. restaurants saw sales growing at a rapid pace in 2023 in a major turnaround and the trend has continued into 2024. While the retail sector had a rough ride in 2023 and is still struggling to stage a comeback this year owing to inflation, food and drinking places are witnessing steady growth. This is courtesy of an increasing number of Americans still spending lavishly on eating out. D ...

Wingstop (WING) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Shares of this restaurant chain have returned +5.2% over the past mont ...