Wingstop Inc. (NASDAQ:WING) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its position in shares of Wingstop Inc. (NASDAQ:WING) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,015,562 shares of the restaurant operator’s stock after selling 35,943 shares during the period. Wingstop makes up 0.6% of Federated Hermes Inc.’s portfolio, making the stock its 29th biggest position. Federated Hermes Inc.’s holdings in Wingstop were worth $288,631,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its holdings in shares of Wingstop by 22.3% during the 3rd quarter. Captrust Financial Advisors now owns 2,859 shares of the restaurant operator’s stock worth $1,190,000 after purchasing an additional 521 shares during the period. Benjamin Edwards Inc. acquired a new position in Wingstop during the third quarter valued at approximately $518,000. Integrated Wealth Concepts LLC lifted its position in Wingstop by 3.5% during the third quarter. Integrated Wealth Concepts LLC now owns 2,574 shares of the restaurant operator’s stock valued at $1,071,000 after buying an additional 88 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in Wingstop during the third quarter worth approximately $552,000. Finally, Stifel Financial Corp increased its position in shares of Wingstop by 9.7% in the third quarter. Stifel Financial Corp now owns 17,403 shares of the restaurant operator’s stock worth $7,241,000 after acquiring an additional 1,532 shares in the last quarter.

Wingstop Stock Performance

NASDAQ WING opened at $232.36 on Friday. Wingstop Inc. has a one year low of $205.60 and a one year high of $433.86. The company has a 50-day simple moving average of $252.80 and a 200-day simple moving average of $306.70. The firm has a market capitalization of $6.48 billion, a PE ratio of 62.63, a price-to-earnings-growth ratio of 2.27 and a beta of 2.01.

Wingstop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid a $0.27 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.08 dividend on an annualized basis and a yield of 0.46%. Wingstop’s payout ratio is currently 29.11%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WING. Wedbush decreased their price target on shares of Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus decreased their price target on Wingstop from $375.00 to $350.00 and set a “buy” rating for the company in a report on Friday, February 28th. Wells Fargo & Company started coverage on shares of Wingstop in a research note on Wednesday, March 26th. They set an “overweight” rating and a $270.00 price objective on the stock. BTIG Research restated a “buy” rating on shares of Wingstop in a research note on Tuesday, March 25th. Finally, Jefferies Financial Group raised shares of Wingstop from a “hold” rating to a “buy” rating and set a $270.00 price target on the stock in a research note on Monday, March 31st. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Wingstop has a consensus rating of “Moderate Buy” and a consensus target price of $350.73.

Wingstop Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.