Wingstop Inc. (WING) to Issue Quarterly Dividend of $0.30 on December 12th

Wingstop Inc. (NASDAQ:WING) announced a quarterly dividend on Monday, November 3rd. Investors of record on Friday, November 21st will be paid a dividend of 0.30 per share by the restaurant operator on Friday, December 12th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, November 21st.

Wingstop has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 7 years. Wingstop has a payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wingstop to earn $5.07 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 23.7%.

Wingstop Stock Performance

Wingstop stock traded up $10.03 during trading hours on Wednesday, hitting $247.35. 84,673 shares of the stock were exchanged, compared to its average volume of 845,047. The stock has a market capitalization of $6.91 billion, a P/E ratio of 41.25, a P/E/G ratio of 2.99 and a beta of 1.73. The business’s 50-day moving average is $265.40 and its two-hundred day moving average is $301.08. Wingstop has a 12 month low of $204.00 and a 12 month high of $388.14.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.18. The firm had revenue of $175.74 million during the quarter, compared to analysts’ expectations of $189.10 million. Wingstop had a negative return on equity of 17.07% and a net margin of 25.61%.The business’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. On average, equities analysts predict that Wingstop will post 4.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WING. Cornerstone Planning Group LLC increased its position in shares of Wingstop by 1,650.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 105 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. Signaturefd LLC raised its position in Wingstop by 106.9% during the first quarter. Signaturefd LLC now owns 149 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 77 shares in the last quarter. Quaker Wealth Management LLC grew its position in shares of Wingstop by 134.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 408 shares during the period. Ameriflex Group Inc. bought a new stake in shares of Wingstop in the 2nd quarter valued at about $43,000. Finally, Hantz Financial Services Inc. lifted its stake in Wingstop by 4,200.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 129 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 126 shares during the last quarter.

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.