Federated Hermes Inc. Has $284.25 Million Stake in Wingstop Inc. (NASDAQ:WING)

Federated Hermes Inc. boosted its position in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,107,852 shares of the restaurant operator's stock after acquiring an additional 19,540 shares during the period. Wingstop accounts for 0.7% of Federated Hermes Inc.'s investment portfolio, making the stock its 27th biggest holding. Federated Hermes Inc. owned approximately 3.77% of Wingstop worth $284,253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. bought a new position in Wingstop during the fourth quarter worth about $28,000. Public Employees Retirement System of Ohio lifted its stake in Wingstop by 39.9% during the third quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator's stock worth $35,000 after purchasing an additional 79 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Wingstop during the third quarter worth approximately $38,000. FSC Wealth Advisors LLC acquired a new stake in shares of Wingstop during the fourth quarter worth approximately $39,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Wingstop during the second quarter worth approximately $48,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WING. Morgan Stanley raised their price objective on shares of Wingstop from $280.00 to $315.00 and gave the stock an "equal weight" rating in a report on Friday, April 12th. Stifel Nicolaus raised their price objective on shares of Wingstop from $270.00 to $330.00 and gave the stock a "buy" rating in a report on Friday, February 16th. Stephens began coverage on shares of Wingstop in a report on Friday, April 12th. They set an "overweight" rating and a $425.00 price objective for the company. Citigroup raised their price objective on shares of Wingstop from $320.00 to $375.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Jefferies Financial Group raised their price objective on shares of Wingstop from $310.00 to $335.00 and gave the stock a "hold" rating in a report on Tuesday. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $290.83.

Insider Transactions at Wingstop

In other news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the transaction, the chief executive officer now directly owns 17,107 shares of the company's stock, valued at $5,771,901.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Michael Skipworth sold 10,843 shares of Wingstop stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the transaction, the chief executive officer now directly owns 17,107 shares of the company's stock, valued at $5,771,901.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Marisa Carona sold 2,586 shares of the business's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $371.96, for a total transaction of $961,888.56. Following the completion of the sale, the senior vice president now directly owns 1,646 shares in the company, valued at $612,246.16. The disclosure for this sale can be found here. Insiders have sold a total of 14,901 shares of company stock valued at $5,120,605 over the last three months. 0.36% of the stock is currently owned by corporate insiders.

Wingstop Stock Performance

WING traded down $3.17 during trading on Thursday, reaching $356.40. 299,535 shares of the company's stock were exchanged, compared to its average volume of 463,959. The company's fifty day moving average price is $347.54 and its 200-day moving average price is $273.19. Wingstop Inc. has a fifty-two week low of $150.08 and a fifty-two week high of $379.00. The firm has a market capitalization of $10.47 billion, a PE ratio of 151.66, a P/E/G ratio of 6.57 and a beta of 1.68.

Wingstop (NASDAQ:WING - Get Free Report) last released its earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.07. The firm had revenue of $127.06 million during the quarter, compared to analyst estimates of $120.47 million. Wingstop had a net margin of 15.25% and a negative return on equity of 17.66%. The business's quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS. Research analysts forecast that Wingstop Inc. will post 3 earnings per share for the current fiscal year.

Wingstop Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.25%. Wingstop's dividend payout ratio is 37.45%.

Wingstop Company 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.