Wingstop Inc. (NASDAQ:WING) Stock to Pay Quarterly Dividend of $0.33

Wingstop Inc. (NASDAQ:WING) declared a quarterly dividend on Tuesday, October 27th. Stockholders of record on Friday, November 13th will be given a dividend of $0.33 per share by the restaurant operator on Friday, December 4th. This represents a $1.32 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, November 13th.

Wingstop has decreased its dividend payment by an average of 0.3% annually over the last three years and has raised its dividend every year for the last 7 years. Wingstop has a dividend payout ratio of 26.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wingstop to earn $5.28 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 25.0%.

Wingstop Price Performance

NASDAQ WING opened at $138.57 on Thursday. Wingstop has a 12 month low of $95.82 and a 12 month high of $302.80. The firm has a market capitalization of $3.77 billion, a PE ratio of 32.91, a P/E/G ratio of 1.44 and a beta of 1.81. The company’s 50 day simple moving average is $113.87 and its 200 day simple moving average is $165.89.

Wingstop (NASDAQ:WING) last announced its earnings results on Wednesday, October 28th. The restaurant operator reported $1.08 EPS for the quarter, topping the consensus estimate of $1.02 by $0.06. The firm had revenue of $185.13 million for the quarter, compared to analysts’ expectations of $192.89 million. Wingstop had a negative return on equity of 16.31% and a net margin of 16.15%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 earnings per share. Sell-side analysts anticipate that Wingstop will post 4.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WING. TD Cowen reiterated a “hold” rating and set a $120.00 price target on shares of Wingstop in a research report on Thursday. BTIG Research cut their price objective on Wingstop from $305.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, July 30th. DA Davidson set a $180.00 target price on Wingstop in a research note on Thursday, October 22nd. Royal Bank Of Canada lowered their target price on Wingstop from $200.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, September 17th. Finally, UBS Group reiterated a “neutral” rating and issued a $140.00 price target on shares of Wingstop in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Wingstop currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.68.

Wingstop Company Profile

Wingstop Inc is a franchised restaurant company specializing in cooked-to-order chicken wings and related menu items. Its offerings include classic and boneless wings prepared with a range of flavors, along with chicken sandwiches, tenders, fries, seasoned fries, dips, sides and beverages. The company emphasizes made-to-order food, a digital ordering experience and a menu centered on customizable chicken meals.

Founded in 1994 in Garland, Texas, Wingstop has expanded from a single restaurant into a global brand operated primarily through franchised locations.