Wingstop Inc (NASDAQ:WING) announced a quarterly dividend on Friday, February 23rd, Wall Street Journal reports. Shareholders of record on Friday, March 9th will be given a dividend of 0.07 per share by the restaurant operator on Friday, March 23rd. This represents a $0.28 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, March 8th.
Wingstop (WING) traded down $0.01 during midday trading on Wednesday, reaching $48.21. 52,791 shares of the company’s stock traded hands, compared to its average volume of 634,290. Wingstop has a 1-year low of $25.43 and a 1-year high of $49.69. The stock has a market capitalization of $1,401.16, a P/E ratio of 51.85, a PEG ratio of 3.24 and a beta of 0.97. The company has a debt-to-equity ratio of -2.69, a quick ratio of 0.84 and a current ratio of 0.84.
Wingstop (NASDAQ:WING) last announced its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Wingstop had a negative return on equity of 37.25% and a net margin of 25.87%. The firm had revenue of $28.29 million for the quarter, compared to analysts’ expectations of $27.49 million. During the same period in the prior year, the business posted $0.15 earnings per share. The company’s revenue was up 14.1% on a year-over-year basis. equities research analysts expect that Wingstop will post 0.76 EPS for the current fiscal year.
In other Wingstop news, Director Michael J. Hislop sold 5,000 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $48.30, for a total value of $241,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles R. Morrison sold 1,476 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $48.13, for a total value of $71,039.88. The disclosure for this sale can be found here. Insiders sold 17,301 shares of company stock valued at $805,103 in the last ninety days. 1.76% of the stock is currently owned by insiders.
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Wingstop Company Profile
Wingstop Inc is franchisor and operator of restaurants that specializes in cooked-to-order, hand-sauced and tossed chicken wings. The Company operates through two segments: Franchise and Company. As of December 31, 2016, the Company offers its guests 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides.
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