Wingstop Inc. Announces Quarterly Dividend of $0.27 (NASDAQ:WING)

Wingstop Inc. (NASDAQ:WING) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.27 per share by the restaurant operator on Friday, December 6th. This represents a $1.08 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Friday, November 15th.

Wingstop has increased its dividend payment by an average of 17.9% annually over the last three years. Wingstop has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Wingstop to earn $4.66 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 23.2%.

Wingstop Trading Up 1.9 %

Shares of NASDAQ:WING opened at $295.63 on Thursday. The company has a market cap of $8.66 billion, a PE ratio of 103.20, a P/E/G ratio of 3.41 and a beta of 1.71. The company’s 50 day moving average is $392.16 and its two-hundred day moving average is $388.27. Wingstop has a 52 week low of $177.88 and a 52 week high of $433.86.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). Wingstop had a net margin of 17.33% and a negative return on equity of 21.18%. The business had revenue of $162.50 million during the quarter, compared to analyst estimates of $160.24 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. The firm’s quarterly revenue was up 38.8% on a year-over-year basis. As a group, equities research analysts expect that Wingstop will post 3.81 EPS for the current year.

Insider Buying and Selling at Wingstop

In related news, SVP Donnie Upshaw sold 3,199 shares of Wingstop stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total value of $1,192,299.29. Following the completion of the sale, the senior vice president now owns 97 shares in the company, valued at approximately $36,152.87. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on WING shares. BMO Capital Markets increased their target price on shares of Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. TD Cowen reduced their target price on Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a report on Thursday. Raymond James raised Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Thursday, August 1st. Barclays raised their price objective on shares of Wingstop from $418.00 to $425.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Benchmark raised Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price target on the stock in a research note on Thursday. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $374.32.

Wingstop Company Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.