Wingstop Inc. (WING) to Issue Quarterly Dividend of $0.30 on March 27th

Wingstop Inc. (NASDAQ:WING) declared a quarterly dividend on Tuesday, February 17th. Investors of record on Friday, March 6th will be given a dividend of 0.30 per share by the restaurant operator on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, March 6th.

Wingstop has decreased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 7 years. Wingstop has a payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Wingstop to earn $5.07 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 23.7%.

Wingstop Stock Performance

Shares of WING opened at $247.21 on Wednesday. The firm has a market cap of $6.80 billion, a PE ratio of 40.00, a PEG ratio of 2.62 and a beta of 1.82. The firm’s 50 day moving average price is $260.56 and its 200 day moving average price is $262.45. Wingstop has a twelve month low of $204.00 and a twelve month high of $388.14.

Wingstop (NASDAQ:WING) last posted its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 EPS for the quarter, topping the consensus estimate of $0.84 by $0.16. The company had revenue of $175.69 million during the quarter, compared to the consensus estimate of $177.74 million. Wingstop had a net margin of 25.01% and a negative return on equity of 16.12%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. On average, sell-side analysts anticipate that Wingstop will post 4.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Wingstop

In other Wingstop news, Director Kilandigalu Madati sold 2,700 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $260.73, for a total value of $703,971.00. Following the completion of the sale, the director directly owned 2,583 shares of the company’s stock, valued at $673,465.59. This represents a 51.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Wesley S. Mcdonald sold 566 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $250.00, for a total transaction of $141,500.00. Following the transaction, the director owned 4,375 shares in the company, valued at approximately $1,093,750. The trade was a 11.46% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Wingstop

A number of institutional investors have recently added to or reduced their stakes in the company. Baird Financial Group Inc. acquired a new position in Wingstop in the 1st quarter valued at approximately $256,000. Jones Financial Companies Lllp increased its position in shares of Wingstop by 2,770.6% during the first quarter. Jones Financial Companies Lllp now owns 1,952 shares of the restaurant operator’s stock valued at $440,000 after purchasing an additional 1,884 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Wingstop by 5.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 92,439 shares of the restaurant operator’s stock valued at $20,852,000 after purchasing an additional 4,937 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Wingstop by 121.4% in the first quarter. Geneos Wealth Management Inc. now owns 217 shares of the restaurant operator’s stock valued at $49,000 after purchasing an additional 119 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its position in Wingstop by 45.5% in the second quarter. Sivia Capital Partners LLC now owns 1,387 shares of the restaurant operator’s stock worth $467,000 after purchasing an additional 434 shares during the period.

About Wingstop

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.