Wingstop Inc (WING) to Issue Dividend Increase – $3.17 Per Share
Wingstop Inc (NASDAQ:WING) announced a None dividend on Tuesday, January 30th, Zacks reports. Stockholders of record on Friday, February 9th will be paid a dividend of 3.17 per share by the restaurant operator on Wednesday, February 14th. This represents a dividend yield of 0.065849605317823%. The ex-dividend date of this dividend is Thursday, February 8th. This is an increase from Wingstop’s previous None dividend of $0.07.
Shares of Wingstop (NASDAQ:WING) traded down $0.23 during mid-day trading on Friday, hitting $47.91. 623,852 shares of the stock were exchanged, compared to its average volume of 526,328. Wingstop has a 1 year low of $24.74 and a 1 year high of $49.69. The company has a market cap of $1,400.63, a PE ratio of 66.54, a PEG ratio of 3.05 and a beta of 1.01. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of -2.37.
A number of analysts have recently commented on the stock. SunTrust Banks set a $52.00 target price on shares of Wingstop and gave the company a “buy” rating in a report on Thursday, January 11th. BidaskClub upgraded shares of Wingstop from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Wells Fargo & Co restated an “outperform” rating and set a $52.00 target price (up previously from $37.00) on shares of Wingstop in a report on Tuesday, January 23rd. Goldman Sachs Group restated a “buy” rating and set a $41.00 target price on shares of Wingstop in a report on Wednesday, November 29th. Finally, Jefferies Group boosted their target price on shares of Wingstop from $28.00 to $29.00 and gave the company a “hold” rating in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $44.67.
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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