Wingstop Inc (NASDAQ:WING) Announces Quarterly Dividend of $0.14

Wingstop Inc (NASDAQ:WING) declared a quarterly dividend on Wednesday, July 29th, Zacks reports. Investors of record on Friday, August 28th will be paid a dividend of 0.14 per share by the restaurant operator on Friday, September 11th. This represents a $0.56 annualized dividend and a yield of 0.36%. The ex-dividend date is Thursday, August 27th. This is a positive change from Wingstop’s previous quarterly dividend of $0.11.

Wingstop has a dividend payout ratio of 42.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wingstop to earn $1.22 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 36.1%.

WING stock traded down $0.07 during trading on Thursday, hitting $155.49. 15,535 shares of the company’s stock traded hands, compared to its average volume of 572,671. The firm has a market capitalization of $4.59 billion, a P/E ratio of 209.45, a PEG ratio of 11.80 and a beta of 1.17. The business has a fifty day simple moving average of $132.88 and a two-hundred day simple moving average of $106.80. Wingstop has a 1 year low of $44.27 and a 1 year high of $156.41.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.10. The company had revenue of $66.10 million for the quarter, compared to analyst estimates of $62.46 million. Wingstop had a net margin of 10.61% and a negative return on equity of 11.05%. Wingstop’s revenue was up 36.0% compared to the same quarter last year. During the same period last year, the company posted $0.17 earnings per share. On average, sell-side analysts anticipate that Wingstop will post 1.03 EPS for the current fiscal year.

Several equities analysts recently issued reports on WING shares. Wedbush lifted their price objective on shares of Wingstop from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday. ValuEngine lowered shares of Wingstop from a “buy” rating to a “hold” rating in a report on Friday, May 1st. BTIG Research lowered shares of Wingstop from a “buy” rating to a “neutral” rating in a report on Thursday, July 9th. Northcoast Research lowered shares of Wingstop from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. Finally, SunTrust Banks lifted their price target on shares of Wingstop from $135.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $134.88.

In other news, CEO Charles R. Morrison sold 15,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $121.54, for a total transaction of $1,823,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Madison Jobe sold 3,000 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $124.30, for a total transaction of $372,900.00. Following the sale, the insider now directly owns 15,605 shares of the company’s stock, valued at approximately $1,939,701.50. The disclosure for this sale can be found here. Insiders have sold 18,459 shares of company stock valued at $2,254,284 in the last three months. Corporate insiders own 1.00% of the company’s stock.

About Wingstop

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.

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Dividend History for Wingstop (NASDAQ:WING)

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