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

Wingstop Inc. (NASDAQ:WINGGet Free Report) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Friday, November 15th will be paid 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% per year 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 Stock Down 21.4 %

Shares of WING stock opened at $289.99 on Thursday. The stock has a market cap of $8.50 billion, a PE ratio of 103.20, a price-to-earnings-growth ratio of 3.41 and a beta of 1.71. Wingstop has a 52-week low of $177.88 and a 52-week high of $433.86. The business has a 50-day simple moving average of $392.16 and a 200-day simple moving average of $388.27.

Wingstop (NASDAQ:WINGGet Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.09). The firm had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $160.24 million. Wingstop had a negative return on equity of 21.18% and a net margin of 17.33%. Wingstop’s quarterly revenue was up 38.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 earnings per share. Sell-side analysts anticipate that Wingstop will post 3.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Wingstop news, SVP Donnie Upshaw sold 3,199 shares of Wingstop stock in a transaction that occurred 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 directly owns 97 shares of the company’s stock, valued at approximately $36,152.87. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

WING has been the topic of a number of research reports. Truist Financial upped their price target on Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. TD Cowen dropped their target price on Wingstop from $450.00 to $365.00 and set a “buy” rating on the stock in a report on Thursday. Stephens dropped their target price on Wingstop from $490.00 to $468.00 and set an “overweight” rating on the stock in a report on Thursday. Raymond James raised Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Thursday, August 1st. Finally, Wedbush increased their target price on Wingstop from $425.00 to $440.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $374.32.

Read Our Latest Research Report on Wingstop

About Wingstop

(Get Free Report)

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.

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Dividend History for Wingstop (NASDAQ:WING)

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