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

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 increased its dividend payment by an average of 17.9% annually over the last three years. Wingstop has a payout ratio of 23.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

WING opened at $339.75 on Thursday. Wingstop has a 1 year low of $215.69 and a 1 year high of $433.86. The firm has a 50 day moving average price of $378.19 and a 200 day moving average price of $385.28. The company has a market cap of $9.92 billion, a PE ratio of 99.05, a price-to-earnings-growth ratio of 3.15 and a beta of 1.76.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.09). Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The business had revenue of $162.50 million during the quarter, compared to analysts’ expectations of $160.24 million. During the same period in the prior year, the business posted $0.69 EPS. The business’s revenue was up 38.8% on a year-over-year basis. On average, sell-side analysts predict that Wingstop will post 3.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WING shares. Northcoast Research upgraded Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price target for the company in a report on Friday, November 1st. The Goldman Sachs Group raised shares of Wingstop from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $458.00 to $377.00 in a research report on Friday, November 8th. Truist Financial lifted their target price on Wingstop from $407.00 to $423.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Benchmark raised Wingstop from a “hold” rating to a “buy” rating and set a $340.00 price target for the company in a report on Thursday, October 31st. Finally, Stephens dropped their price objective on Wingstop from $490.00 to $468.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $368.74.

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.