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

Federated Hermes Inc. decreased its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,015,562 shares of the restaurant operator's stock after selling 35,943 shares during the period. Wingstop accounts for about 0.6% of Federated Hermes Inc.'s portfolio, making the stock its 29th largest position. Federated Hermes Inc. owned 3.48% of Wingstop worth $288,631,000 as of its most recent SEC filing.

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

Wingstop Price Performance

Shares of NASDAQ:WING traded down $5.54 during trading on Friday, hitting $234.75. 199,515 shares of the company's stock were exchanged, compared to its average volume of 571,151. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 63.46, a PEG ratio of 2.27 and a beta of 2.02. The business's 50-day simple moving average is $244.76 and its 200 day simple moving average is $299.63. Wingstop Inc. has a 52-week low of $205.60 and a 52-week high of $433.86.

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Wingstop Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. BTIG Research reaffirmed a "buy" rating on shares of Wingstop in a research report on Tuesday, March 25th. Raymond James reissued an "outperform" rating and set a $330.00 price target (down previously from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. Wedbush decreased their target price 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. TD Securities dropped their target price on shares of Wingstop from $365.00 to $305.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Finally, Guggenheim upgraded shares of Wingstop from a "neutral" rating to a "buy" rating and set a $280.00 target price for the company in a research report on Monday, February 24th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $348.23.

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.