Wingstop Inc. (WING) To Go Ex-Dividend on November 13th

Wingstop Inc. (NASDAQ:WING) declared a quarterly dividend on Tuesday, October 27th. Stockholders of record on Friday, November 13th will be paid 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 increased its dividend annually for the last 7 consecutive years. Wingstop has a dividend payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Equities 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

WING opened at $138.57 on Thursday. Wingstop has a fifty-two week low of $95.82 and a fifty-two week high of $302.80. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 32.91, a price-to-earnings-growth ratio of 1.44 and a beta of 1.81. The firm has a 50 day simple moving average of $113.87 and a 200 day simple moving average of $165.89.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, October 28th. The restaurant operator reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. The company had revenue of $185.13 million during the quarter, compared to analysts’ expectations of $192.89 million. Wingstop had a net margin of 16.15% and a negative return on equity of 16.31%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. As a group, analysts expect that Wingstop will post 4.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wells Fargo & Company dropped their price objective on Wingstop from $170.00 to $165.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. UBS Group restated a “neutral” rating and issued a $140.00 price target on shares of Wingstop in a report on Thursday, October 15th. BMO Capital Markets restated a “market perform” rating and issued a $160.00 price target on shares of Wingstop in a report on Thursday. TD Cowen reiterated a “hold” rating and issued a $120.00 price target on shares of Wingstop in a research note on Thursday. Finally, BTIG Research reiterated a “buy” rating and set a $265.00 price objective on shares of Wingstop in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.