Wingstop Inc. (WING) To Go Ex-Dividend on May 16th

Wingstop Inc. (NASDAQ:WINGGet Free Report) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Friday, May 17th will be given a dividend of 0.22 per share by the restaurant operator on Friday, June 7th. This represents a $0.88 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Thursday, May 16th.

Wingstop has increased its dividend by an average of 17.9% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Wingstop has a payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Wingstop to earn $4.14 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 21.3%.

Wingstop Stock Down 3.2 %

Wingstop stock opened at $377.42 on Tuesday. The firm has a market capitalization of $11.08 billion, a price-to-earnings ratio of 134.31, a PEG ratio of 5.35 and a beta of 1.67. Wingstop has a 52-week low of $150.08 and a 52-week high of $400.99. The company has a fifty day simple moving average of $365.18 and a 200-day simple moving average of $298.52.

Wingstop (NASDAQ:WINGGet Free Report) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.22. The business had revenue of $145.70 million for the quarter, compared to analysts’ expectations of $136.34 million. Wingstop had a negative return on equity of 19.64% and a net margin of 16.75%. The business’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS. On average, research analysts anticipate that Wingstop will post 3.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on WING shares. Stifel Nicolaus raised their target price on Wingstop from $270.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Sanford C. Bernstein began coverage on Wingstop in a research report on Wednesday, February 14th. They set an “outperform” rating and a $340.00 price target on the stock. Citigroup increased their price target on Wingstop from $375.00 to $398.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. BMO Capital Markets increased their price objective on Wingstop from $275.00 to $325.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Finally, Robert W. Baird increased their target price on Wingstop from $390.00 to $405.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $330.39.

View Our Latest Stock Analysis on WING

Insider Activity

In other news, CEO Michael Skipworth sold 10,843 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the transaction, the chief executive officer now directly owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Michael Skipworth sold 10,843 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the completion of the sale, the chief executive officer now owns 17,107 shares in the company, valued at $5,771,901.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Albert G. Mcgrath sold 4,230 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $396.40, for a total transaction of $1,676,772.00. Following the completion of the sale, the senior vice president now owns 8,170 shares in the company, valued at $3,238,588. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,881 shares of company stock valued at $7,093,305. Insiders own 0.36% of the company’s stock.

About Wingstop

(Get Free Report)

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.

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Dividend History for Wingstop (NASDAQ:WING)

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