Wingstop Inc (NASDAQ:WING) Plans Quarterly Dividend of $0.07

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 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, March 8th.

Shares of NASDAQ WING traded down $0.04 during mid-day trading on Thursday, reaching $47.23. The company had a trading volume of 434,102 shares, compared to its average volume of 614,581. The firm has a market capitalization of $1,383.17, a price-to-earnings ratio of 50.78, a price-to-earnings-growth ratio of 3.20 and a beta of 0.97. The company has a debt-to-equity ratio of -2.69, a current ratio of 0.84 and a quick ratio of 0.84. Wingstop has a 12-month low of $27.29 and a 12-month high of $49.69.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $28.29 million for the quarter, compared to analyst estimates of $27.49 million. Wingstop had a net margin of 25.87% and a negative return on equity of 37.25%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. analysts predict that Wingstop will post 0.76 EPS for the current year.

In related news, insider Flynn Dekker sold 10,000 shares of Wingstop stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $45.60, for a total value of $456,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Hislop sold 5,000 shares of Wingstop stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $48.30, for a total value of $241,500.00. The disclosure for this sale can be found here. Insiders sold 17,770 shares of company stock valued at $827,718 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

Several brokerages have commented on WING. Zacks Investment Research upgraded shares of Wingstop from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. Barclays reiterated an “equal weight” rating and set a $40.00 price target (down previously from $44.00) on shares of Wingstop in a research note on Friday, February 23rd. Deutsche Bank reiterated a “hold” rating and set a $40.00 price target (up previously from $38.00) on shares of Wingstop in a research note on Friday, February 23rd. Wedbush reiterated a “buy” rating and set a $41.00 price target on shares of Wingstop in a research note on Friday, February 23rd. Finally, Robert W. Baird cut Wingstop from an “outperform” rating to a “neutral” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Wingstop presently has an average rating of “Buy” and an average price target of $45.42.

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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.

Dividend History for Wingstop (NASDAQ:WING)

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