Hancock Whitney Corp Trims Stake in Wingstop Inc. (NASDAQ:WING)

Hancock Whitney Corp cut its stake in Wingstop Inc. (NASDAQ:WING - Free Report) by 59.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,865 shares of the restaurant operator's stock after selling 2,755 shares during the quarter. Hancock Whitney Corp's holdings in Wingstop were worth $530,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Proficio Capital Partners LLC acquired a new position in shares of Wingstop in the 4th quarter valued at $10,177,000. SG Americas Securities LLC raised its position in shares of Wingstop by 277.5% in the fourth quarter. SG Americas Securities LLC now owns 4,771 shares of the restaurant operator's stock worth $1,356,000 after acquiring an additional 3,507 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in shares of Wingstop by 779.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 18,461 shares of the restaurant operator's stock worth $5,247,000 after acquiring an additional 16,361 shares in the last quarter. Los Angeles Capital Management LLC grew its position in shares of Wingstop by 475.0% during the 4th quarter. Los Angeles Capital Management LLC now owns 69,234 shares of the restaurant operator's stock valued at $19,676,000 after acquiring an additional 57,193 shares during the period. Finally, Versor Investments LP increased its stake in shares of Wingstop by 149.0% in the 4th quarter. Versor Investments LP now owns 5,309 shares of the restaurant operator's stock valued at $1,509,000 after purchasing an additional 3,177 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have commented on WING. UBS Group dropped their price objective on Wingstop from $330.00 to $300.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Northcoast Research cut shares of Wingstop from a "buy" rating to a "neutral" rating in a research note on Friday, February 21st. Benchmark cut their price target on shares of Wingstop from $340.00 to $325.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Jefferies Financial Group raised shares of Wingstop from a "hold" rating to a "buy" rating and set a $270.00 price objective on the stock in a report on Monday, March 31st. Finally, Stephens reissued an "overweight" rating and set a $450.00 target price on shares of Wingstop in a research note on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $334.13.

Wingstop Price Performance

Shares of WING opened at $227.30 on Friday. The firm has a 50-day simple moving average of $226.11 and a two-hundred day simple moving average of $284.91. Wingstop Inc. has a 1-year low of $204.00 and a 1-year high of $433.86. The stock has a market cap of $6.34 billion, a PE ratio of 61.27, a P/E/G ratio of 2.27 and a beta of 2.02.

Wingstop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Friday, March 7th. Wingstop's payout ratio is 29.11%.

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.

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