Wingstop price target raised to $205 from $180 at Wedbush » 06:1109/1309/13/21
Wedbush analyst Nick…
Wedbush analyst Nick Setyan raised the firm's price target on Wingstop to $205 from $180 and keeps an Outperform rating on the shares. The firm's Q3 checks point to same-store sales growth above expectations, and the analyst expects sustained SSS growth momentum moving forward, the analyst tells investors in a research note. The analyst raised his 2021 EPS estimate to $1.55 from $1.49, and expects an uptick in Wingstop's royalty rate in-line with historical trends starting in 2022.
|Over a week ago|
Wingstop promotes Michael Skipworth to COO and Alex Kaleida to CFO » 16:0708/2708/27/21
Wingstop announced the…
Wingstop announced the promotion of Michael Skipworth to President and COO, and Alex Kaleida to CFO. Michael succeeds Mahesh Sadarangani, the company's COO who has resigned after being recruited to become CEO of a private equity-backed company.
|Over a month ago|
Robinhood initiation, Allstate downgrade among today's top calls on Wall Street » 10:0708/1708/17/21
HOOD, ALL, H, HST, PK, SHO, ADP, CMG, SBUX, JACK, DPZ, WING
Check out today's top…
Wingstop names Stacy Peterson as EVP, Chief Digital and Technology Officer » 07:0308/1708/17/21
Wingstop announced Stacy…
Wingstop announced Stacy Peterson will now serve as EVP, Chief Digital and Technology Officer and the promotion of Marisa Carona to SVP, Chief Growth Officer and Stevie Benjamin to SVP of Digital Marketing. Stacy joined Wingstop in 2013 and is well-recognized as a leading technology executive in the restaurant industry. Since joining Wingstop in 2015, Marisa has been fast-tracking up the company ladder after leading key areas of the business including corporate strategy, ESG, training, and serving as Chief of Staff to the CEO and Vice President of Strategy. Stevie joined Wingstop in mid-2021 as VP of Media after successful stints leading media strategy at MillerCoors, Target and Discover.
Wingstop price target raised to $185 from $175 at BMO Capital » 09:1607/2907/29/21
BMO Capital analyst…
BMO Capital analyst Andrew Strelzik raised the firm's price target on Wingstop to $185 from $175 and keeps an Outperform rating on the shares. The company's Q2 earnings beat was driven by stronger comps and margins, with the management also boosting its 2021 unit growth guidance despite the more cautious outlook for the second half of the year due to rising wing costs, the analyst tells investors in a research note.
Wingstop price target raised to $190 from $172 at Stephens » 08:1907/2907/29/21
Stephens analyst James…
Stephens analyst James Rutherford raised the firm's price target on Wingstop to $190 from $172 and keeps an Overweight rating on the shares, stating in post-earnings research note to investors that he was "pleased to see" domestic unit growth accelerate to nearly 14% year-over-year and for the company to increase its FY21 outlook for unit growth to 12%. While wing prices are a headwind to unit margins, and guided to remain so for the rest of the year, the company sees a boosted bird supply in 2022, noted Rutherford.
Wingstop price target raised to $168 from $159 at RBC Capital » 06:3407/2907/29/21
RBC Capital analyst…
RBC Capital analyst Christopher Carril raised the firm's price target on Wingstop to $168 from $159 but keeps a Sector Perform rating on the shares. The company's Q2 earnings beat demonstrates its ability to lap difficult COVID compares while maintaining sales gains made over the past year, but its current valuation reflects the current momentum and growth potential, the analyst tells investors in a research note.
Wingstop CEO: Strength of the brand is as good as it has ever been » 18:2507/2807/28/21
In an interview on…
In an interview on CNBC's Mad Money, Charlie Morrison said Wingstop invested in digital years ago and made it the forefront of the company's strategy. "We're investing capital aggressively to build out our tech stack," he noted. Wingstop is opening its first location in Manhattan in about a month and plans to open 25 ghost kitchens in the area. Wingstop is a global grand and growing quickly in the UK as well as markets in Western Europe, he said. Each location can operate with as few as three to four employees. Morrison thinks current high food costs are transitory and the problem will resolve itself in early 2022.
Wingstop sees restaurant margins of 20% for 2H21 » 10:1507/2807/28/21
Comments taken from Q2…
Comments taken from Q2 earnings conference call.
Wingstop reports Q2 adjusted EPS 34c, consensus 33c » 07:3507/2807/28/21
Reports Q2 revenue…
Reports Q2 revenue $74.0M, consensus $73.13M. "Our results in Q2 continue to prove the strength of our brand and our growth strategies. We successfully lapped last year's outstanding results and generated domestic same-store sales growth of 2.1% during this year's Q2, or 34.0% on a two-year basis, an acceleration from the 30.6% we saw in the first quarter," commented CEO Charlie Morrison. "Despite the challenging commodity environment, we had another record quarter for development and have now opened more than 200 restaurants during the last 12 months, highlighting our brand partners' continued excitement to grow with our brand. We believe we are well positioned to execute against our strategic long-term growth drivers."