The Firearms segment manufactures and sells rifles, pistols and revolvers principally to a number of federally licensed, independent wholesale distributors primarily located in the United States. The Castings segment manufactures and sells steel investment castings and metal injection molding parts. The company was founded by William B. Ruger in 1949 and is headquartered in Southport, Connecticut.
The current dividend yield is 2.42%. That dividend is expected to increase to $0.39 per share from $0.32. Lake Street Capital has set a $64 price target, while the Wall Street high target is $70. Sturm Ruger stock closed on Friday at $52.90.
Wingstop
This stock has solid upside potential, and after getting pummeled last week and is offering a great entry point. Wingstop Inc. (NASDAQ: WING) operates and franchises more than 2,000 locations worldwide.
The company is dedicated to serving the world flavor through an unparalleled guest experience and offering of classic wings, boneless wings and tenders, always cooked to order and hand-sauced-and-tossed in fans’ choice of 11 bold, distinctive flavors. Wingstop’s menu also features signature sides including fresh-cut, seasoned fries and freshly made ranch and bleu cheese dips.
With a vision of becoming a Top 10 Global Restaurant Brand, the company’s system is composed of independent franchisees, or brand partners, who account for approximately 98% of Wingstop’s total restaurant count. In fiscal year 2022, Wingstop’s systemwide sales increased 16.8% to approximately $2.7 billion, marking the 19th consecutive year of same-store sales growth.
Investors receive just a 0.46% dividend, and the expected increase is to $0.21 per share from $0.19. Wingstop stock has a $229 target price at Northcoast Research. The consensus target is lower at $213.88. Friday’s $164.63 close was down over 8% on the day.
These five top stocks are rated Buy across Wall Street, and the companies are expected to lift the dividends they pay to shareholders. Not only is increasing dividends and returning capital to investors important, but it also shows that the company is doing well and has the earnings and cash flow strength to increase the payouts.
Originally published at 24/7 Wall St.
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