Wingstop Inc. Declares None Dividend of $0.07 (WING)
Wingstop Inc. (NASDAQ:WING) announced a None dividend on Thursday, November 2nd, Zacks reports. Shareholders of record on Monday, December 4th will be given a dividend of 0.07 per share by the restaurant operator on Tuesday, December 19th. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, December 1st.
Wingstop (NASDAQ WING) opened at $39.18 on Friday. The stock has a market capitalization of $1,139.94, a PE ratio of 54.42, a P/E/G ratio of 2.77 and a beta of 0.58. Wingstop has a 1-year low of $24.74 and a 1-year high of $40.51. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of -2.37.
Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $26.03 million for the quarter, compared to analysts’ expectations of $25.13 million. Wingstop had a negative return on equity of 32.39% and a net margin of 20.70%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 earnings per share. equities analysts forecast that Wingstop will post 0.73 EPS for the current year.
In other Wingstop news, insider Flynn Dekker sold 16,350 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $35.77, for a total transaction of $584,839.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lawrence Kruguer sold 10,526 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $33.67, for a total value of $354,410.42. Following the transaction, the insider now owns 22,116 shares in the company, valued at approximately $744,645.72. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by company insiders.
Several equities analysts recently issued reports on the company. BidaskClub upgraded Wingstop from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Stifel Nicolaus upgraded Wingstop from a “hold” rating to a “buy” rating and raised their price target for the company from $35.00 to $40.00 in a report on Friday, November 3rd. Jefferies Group LLC raised their price target on Wingstop from $28.00 to $29.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded Wingstop from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $39.00 price target on shares of Wingstop in a report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $36.50.
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Wingstop Company Profile
Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.
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