Wingstop Inc. (WING) To Go Ex-Dividend on May 15th

Wingstop Inc. (NASDAQ:WING) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.30 per share by the restaurant operator on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, May 15th.

Wingstop has decreased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Wingstop has a payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Wingstop to earn $5.55 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 21.6%.

Wingstop Stock Down 2.8%

Shares of NASDAQ:WING opened at $123.73 on Wednesday. Wingstop has a 12-month low of $123.40 and a 12-month high of $388.14. The stock has a market cap of $3.37 billion, a PE ratio of 30.78, a P/E/G ratio of 1.42 and a beta of 1.86. The business has a 50 day moving average of $181.17 and a 200-day moving average of $228.31.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Wingstop had a negative return on equity of 16.22% and a net margin of 15.77%.The company had revenue of $183.73 million during the quarter, compared to analysts’ expectations of $187.82 million. During the same quarter in the previous year, the company posted $0.99 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. Equities research analysts expect that Wingstop will post 4.58 earnings per share for the current year.

Wingstop Company Profile

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.