Wingstop Stock News

Equities research analysts at Oppenheimer decreased their FY2022 EPS estimates for shares of Wingstop in a research note issued on Wednesday, February 16th. Oppenheimer analyst M. Tamas now forecasts Read Full Story at source (may require registration) The post Oppenheimer Equities Analysts Reduce Earnings Estimates for Wingstop Inc. (NASDAQ:WING) appeared first on ForexTV .

Friday''s top analyst upgrades and downgrades included Altice USA, Applied Materials, Block, Coeur Mining, Consolidated Edison, Fastly, Shopify, SM Energy, Tata Motors and Wingstop.

The chicken-wing chain has been up as much as 3% since reporting fourth-quarter earnings.

The chicken-wing chain has been up as much as 3% since reporting fourth-quarter earnings.

Wingstop shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 62 to 81.

Wingstop is cooking with gas despite elevated inflation. Here''s one initiative they have in the works to keep sales hot.

The surging cost of chicken wings is putting more pressure on restaurants – especially chains like Wingstop, whose executives have noted a record uptick in expenses.

Chicken wings make up around 65% of WingStop's total sales. The chain charged customers more to offset higher prices and turned to other cuts of meat.

Wingstop Inc (NASDAQ: WING ) reported fourth-quarter FY21 sales growth of 13.8% year-on-year, to $72 million, missing the analyst consensus of $73.53 million. System-wide sales increased 19.8% Y/Y to $601.9 million. Domestic same-store sales increased 7.5% or 25.7% on a two-year basis. Revenue from royalty, franchise … Full story available on Benzinga.com

Wingstop Inc. (WING) CEO Charlie Morrison on Q4 2021 Results - Earnings Call Transcript

ADDISON, Texas (AP) _ Wingstop Inc. (WING) on Wednesday reported fourth-quarter profit of $6.9 million. On a per-share basis, the Addison, Texas-based company said it had net income of 23 cents. Earnings, adjusted for non-recurring costs, were 24 cents per share. The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. The restaurant chain posted revenue of $72 million in the period, which also missed Street forecasts. Nine analysts surveyed by Zacks expected $74.7 million. For the year, the company reported profit of $42.7 million, or $1.42 per share. Revenue was reported as $282.5 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WING at https://www.zacks.com/ap/WING

Wingstop traded slightly lower after Q4 estimates missed the consensus marks of analysts. Read more.

Costs for Wingstop's bone-in chicken wings soared by double digits as poultry costs spike.

Wingstop Inc. shares sank 6.8% in Wednesday premarket trading after the chicken chain reported fourth-quarter profit and revenue that missed Street expectations. Net income totaled $6.9 million, or 23 cents per share, after a loss of $6.4 million, or 21 cents per share, last year. Revenue of $72.0 million was up from $63.3 million last year. The FactSet consensus was for EPS of 32 cents and revenue of $73.5 million. Domestic same-store sales rose 7.5%. And domestic average unit volume (AUV) reached $1.6 million. Wingstop shares are down 5% over the past year while the S&P 500 index is up 13.7%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.