Wingstop Inc. (WING) to Issue Quarterly Dividend of $0.27 on December 6th

Wingstop Inc. (NASDAQ:WING) declared a quarterly dividend on Tuesday, October 29th,Zacks Dividends reports. Stockholders 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 dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, November 15th.

Wingstop has raised its dividend by an average of 17.9% per year over the last three years. Wingstop has a dividend payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wingstop to earn $4.56 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 23.7%.

Wingstop Price Performance

Wingstop stock opened at $338.38 on Wednesday. The business has a 50 day moving average of $378.99 and a 200-day moving average of $385.60. Wingstop has a 1 year low of $210.94 and a 1 year high of $433.86. The company has a market capitalization of $9.88 billion, a P/E ratio of 98.65, a P/E/G ratio of 3.20 and a beta of 1.76.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The firm had revenue of $162.50 million during the quarter, compared to analyst estimates of $160.24 million. During the same period in the prior year, the company earned $0.69 EPS. The business’s quarterly revenue was up 38.8% compared to the same quarter last year. Equities analysts anticipate that Wingstop will post 3.68 EPS for the current year.

Wall Street Analysts Forecast Growth

WING has been the subject of a number of recent analyst reports. Truist Financial increased their target price on shares of Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. The Goldman Sachs Group raised shares of Wingstop from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $458.00 to $377.00 in a research report on Friday, November 8th. Barclays reduced their price objective on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Stephens reduced their price objective on shares of Wingstop from $490.00 to $468.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, BMO Capital Markets raised their price objective on shares of Wingstop from $345.00 to $360.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Wingstop currently has an average rating of “Moderate Buy” and a consensus price target of $368.74.

About Wingstop

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.