Wingstop Inc (NASDAQ:WING) announced a quarterly dividend on Thursday, February 28th, Wall Street Journal reports. Investors of record on Wednesday, March 13th will be paid a dividend of 0.09 per share by the restaurant operator on Wednesday, March 27th. This represents a $0.36 annualized dividend and a yield of 0.55%. The ex-dividend date is Tuesday, March 12th.
Wingstop has a payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Wingstop to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 36.7%.
Shares of Wingstop stock opened at $65.86 on Thursday. Wingstop has a 12-month low of $44.17 and a 12-month high of $75.58. The firm has a market cap of $1.92 billion, a P/E ratio of 78.40, a P/E/G ratio of 4.03 and a beta of 0.88.
Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Wednesday, February 27th. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). Wingstop had a negative return on equity of 21.61% and a net margin of 21.14%. The company had revenue of $40.51 million for the quarter, compared to the consensus estimate of $40.82 million. During the same quarter last year, the company posted $0.36 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, analysts forecast that Wingstop will post 0.8 EPS for the current fiscal year.
Several research analysts have weighed in on the company. Zacks Investment Research cut Wingstop from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. BidaskClub cut Wingstop from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Finally, Wedbush raised Wingstop from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $71.00 to $69.00 in a research report on Friday, December 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Wingstop has a consensus rating of “Hold” and a consensus target price of $65.79.
In other news, insider Lawrence Kruguer sold 2,600 shares of the company’s stock in a transaction on Monday, January 7th. The stock was sold at an average price of $62.41, for a total transaction of $162,266.00. Following the transaction, the insider now owns 5,531 shares of the company’s stock, valued at approximately $345,189.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Charles R. Morrison sold 20,000 shares of the company’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $66.33, for a total value of $1,326,600.00. Following the transaction, the chairman now directly owns 123,152 shares in the company, valued at approximately $8,168,672.16. The disclosure for this sale can be found here. In the last three months, insiders sold 28,982 shares of company stock worth $1,908,058. Insiders own 1.70% of the company’s stock.
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 February 22, 2018, the company operated approximately 1,000 restaurants the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.
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