Wingstop Inc. (NASDAQ:WING) Plans Quarterly Dividend of $0.27

Wingstop Inc. (NASDAQ:WING) announced a quarterly dividend on Tuesday, October 29th,Zacks Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.27 per share by the restaurant operator on Friday, December 6th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Friday, November 15th.

Wingstop has increased its dividend payment by an average of 17.9% per year over the last three years. Wingstop has a payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wingstop to earn $4.56 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 23.7%.

Wingstop Price Performance

WING stock opened at $339.75 on Thursday. The business’s 50-day moving average is $378.19 and its two-hundred day moving average is $385.28. The firm has a market capitalization of $9.92 billion, a P/E ratio of 99.05, a P/E/G ratio of 3.15 and a beta of 1.76. Wingstop has a 1 year low of $215.69 and a 1 year high of $433.86.

Wingstop (NASDAQ:WING) last posted its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The firm had revenue of $162.50 million for the quarter, compared to analyst estimates of $160.24 million. During the same quarter last year, the firm earned $0.69 EPS. The company’s revenue was up 38.8% on a year-over-year basis. On average, analysts expect that Wingstop will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WING shares. Wedbush reaffirmed an “outperform” rating and set a $390.00 price objective on shares of Wingstop in a research report on Tuesday, November 5th. Northcoast Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price objective on the stock in a report on Friday, November 1st. BMO Capital Markets upped their target price on shares of Wingstop from $345.00 to $360.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Truist Financial upped their price objective on shares of Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Finally, TD Cowen reduced their target price on Wingstop from $450.00 to $365.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $368.74.

Wingstop Company Profile

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.