Federated Hermes Inc. Boosts Holdings in Wingstop Inc. (NASDAQ:WING)

Federated Hermes Inc. grew its position in Wingstop Inc. (NASDAQ:WING) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,107,852 shares of the restaurant operator’s stock after acquiring an additional 19,540 shares during the quarter. Wingstop comprises 0.7% of Federated Hermes Inc.’s investment portfolio, making the stock its 27th biggest position. Federated Hermes Inc.’s holdings in Wingstop were worth $284,253,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WING. McGlone Suttner Wealth Management Inc. bought a new position in shares of Wingstop during the 4th quarter valued at approximately $28,000. Public Employees Retirement System of Ohio increased its position in shares of Wingstop by 39.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 277 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 79 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Wingstop during the 3rd quarter valued at approximately $38,000. FSC Wealth Advisors LLC bought a new position in shares of Wingstop during the 4th quarter valued at approximately $39,000. Finally, Coppell Advisory Solutions LLC bought a new position in Wingstop in the 2nd quarter valued at $48,000.

Insider Buying and Selling

In other Wingstop news, CEO Michael Skipworth sold 10,843 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total transaction of $3,658,428.20. Following the completion of the sale, the chief executive officer now owns 17,107 shares of the company’s stock, valued at $5,771,901.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Wingstop news, SVP Marisa Carona sold 2,586 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was 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 owns 1,646 shares of the company’s stock, valued at $612,246.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael Skipworth sold 10,843 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $337.40, for a total value of $3,658,428.20. Following the sale, the chief executive officer now directly owns 17,107 shares of the company’s stock, valued at approximately $5,771,901.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,901 shares of company stock worth $5,120,605. 0.36% of the stock is owned by corporate insiders.

Wingstop Stock Up 1.7 %

Shares of NASDAQ WING traded up $6.07 during midday trading on Thursday, hitting $365.64. The stock had a trading volume of 75,763 shares, compared to its average volume of 460,846. The company has a market capitalization of $10.74 billion, a PE ratio of 153.01, a P/E/G ratio of 6.57 and a beta of 1.68. The stock has a 50 day simple moving average of $346.29 and a 200-day simple moving average of $272.61. Wingstop Inc. has a 1 year low of $150.08 and a 1 year high of $379.00.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, February 21st. The restaurant operator reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.07. Wingstop had a negative return on equity of 17.66% and a net margin of 15.25%. The business had revenue of $127.06 million for the quarter, compared to the consensus estimate of $120.47 million. During the same quarter last year, the business posted $0.60 earnings per share. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, analysts expect that Wingstop Inc. will post 3 earnings per share for the current fiscal year.

Wingstop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.88 dividend on an annualized basis and a yield of 0.24%. Wingstop’s payout ratio is 37.45%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. TD Cowen reaffirmed a “buy” rating and issued a $410.00 price objective on shares of Wingstop in a research report on Wednesday, April 10th. Morgan Stanley upped their target price on Wingstop from $280.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Truist Financial reiterated a “hold” rating and issued a $292.00 target price on shares of Wingstop in a report on Monday, April 1st. Stifel Nicolaus upped their target price on Wingstop from $270.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Citigroup increased their price objective on Wingstop from $320.00 to $375.00 and gave the company a “neutral” rating in a report on Wednesday. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Wingstop currently has an average rating of “Hold” and an average target price of $290.83.

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.