Wingstop Inc. (NASDAQ:WING – Get Free Report) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors 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 annualized dividend and a dividend yield of 0.37%. 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 dividend payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Wingstop to earn $4.66 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 23.2%.
Wingstop Trading Down 21.4 %
NASDAQ:WING opened at $289.99 on Thursday. The company has a market capitalization of $8.50 billion, a P/E ratio of 103.20, a price-to-earnings-growth ratio of 3.41 and a beta of 1.71. The firm has a 50-day moving average price of $392.16 and a two-hundred day moving average price of $388.27. Wingstop has a twelve month low of $177.88 and a twelve month high of $433.86.
Insider Transactions at Wingstop
In related news, SVP Donnie Upshaw sold 3,199 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $372.71, for a total value of $1,192,299.29. Following the transaction, the senior vice president now owns 97 shares in the company, valued at approximately $36,152.87. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.36% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on WING shares. Raymond James raised Wingstop from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Thursday, August 1st. Barclays raised their price target on shares of Wingstop from $418.00 to $425.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Citigroup boosted their price objective on shares of Wingstop from $417.00 to $440.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Stephens decreased their target price on shares of Wingstop from $490.00 to $468.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group boosted their price target on Wingstop from $407.00 to $458.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Wingstop currently has a consensus rating of “Moderate Buy” and a consensus target price of $374.32.
Read Our Latest Stock Report on WING
About Wingstop
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.
Featured Articles
- Five stocks we like better than Wingstop
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Caterpillar Stock: Market Points to a Buying Opportunity
- How is Compound Interest Calculated?
- Big Buybacks Announced: 3 Stocks Insiders Are Banking On
- Investing in the High PE Growth Stocks
- Chipotle Serves Up a Price Dip – The Market Is Buying
Receive News & Ratings for Wingstop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wingstop and related companies with MarketBeat.com's FREE daily email newsletter.