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 ...

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 ...

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 ...

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 ...

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 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 ...

Wingstop Inc. (NASDAQ:WING) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Alex Kaleida - SVP & CFO Michael Skipworth - President & CEO Conference Call Participants Jeffrey Bernstein - Barclays David Tarantino - Baird Andrew Charles - Cowen Sara Senatore - Bank of America James Salera - Stephens Brian Harbour - Morgan Stanley Danilo Gargiulo - Bernstein Andrew Barish - Jefferies Jeffrey Farmer - Gordon Haskett Gregory Francfort - Guggenheim Christine Cho - Goldman Sachs B ...

The stock is still crushing the S&P 500 over the past year -- and it's not even close. Shares of restaurant chain Wingstop (WING -21.40%) absolutely plunged on Wednesday after the company reported financial results for the third quarter of 2024. As of 3 p.m. ET, Wingstop stock was down a painful 20%. Incredible growth, but profits not what investors expected The Q3 headline numbers were incredible for Wingstop. The company had nearly 2,400 locations at the end of the second quarter, but still added 106 more ...

Key Takeaways Wingstop shares hit their lowest point since February on Wednesday after the chain's third-quarter profits fell short of estimates. Same store sales also grew at a slower pace than expected, while Wingstop also lifted its estimate for new location openings this year. The chicken wing chain lifted its projections for expenses for the full fiscal year. Chicken wing prices and payroll expenses rose in the third quarter. Wingstop (WING) shares tumbled Wednesday after the chicken-wing chain's third ...

Wingstop (WING) reported $162.5 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 38.8%. EPS of $0.88 for the same period compares to $0.69 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $162.07 million, representing a surprise of +0.27%. The company delivered an EPS surprise of -9.28%, with the consensus EPS estimate being $0.97.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...