UMB Bank n.a. Raises Stock Position in Wingstop Inc. (NASDAQ:WING)

UMB Bank n.a. grew its holdings in Wingstop Inc. (NASDAQ:WING) by 280.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 270 shares of the restaurant operator’s stock after purchasing an additional 199 shares during the quarter. UMB Bank n.a.’s holdings in Wingstop were worth $61,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Verdence Capital Advisors LLC lifted its stake in Wingstop by 3.9% in the fourth quarter. Verdence Capital Advisors LLC now owns 902 shares of the restaurant operator’s stock valued at $256,000 after buying an additional 34 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its position in Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 35 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 37 shares during the period. Tidal Investments LLC grew its position in Wingstop by 4.9% during the 4th quarter. Tidal Investments LLC now owns 795 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 37 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Wingstop by 0.5% during the 4th quarter. Arizona State Retirement System now owns 8,499 shares of the restaurant operator’s stock worth $2,415,000 after purchasing an additional 42 shares during the last quarter.

Insider Activity

In related news, SVP Raj Kapoor sold 637 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $273.07, for a total value of $173,945.59. Following the completion of the transaction, the senior vice president now owns 517 shares in the company, valued at $141,177.19. This represents a 55.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael Skipworth sold 10,000 shares of Wingstop stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $337.34, for a total value of $3,373,400.00. Following the completion of the transaction, the chief executive officer now directly owns 47,190 shares in the company, valued at $15,919,074.60. This represents a 17.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Wingstop Trading Down 1.2%

Shares of Wingstop stock opened at $354.06 on Friday. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 95.43, a PEG ratio of 2.27 and a beta of 1.88. Wingstop Inc. has a twelve month low of $204.00 and a twelve month high of $433.86. The business’s 50 day simple moving average is $289.26 and its 200-day simple moving average is $277.90.

Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.15. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The firm had revenue of $171.09 million for the quarter, compared to analyst estimates of $172.25 million. During the same period last year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. Sell-side analysts predict that Wingstop Inc. will post 4.18 earnings per share for the current year.

Wingstop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.31%. Wingstop’s dividend payout ratio (DPR) is presently 18.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wedbush cut their target price on Wingstop from $390.00 to $355.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Gordon Haskett upgraded Wingstop to a “strong-buy” rating in a research report on Wednesday, April 30th. Northcoast Research lowered shares of Wingstop from a “buy” rating to a “neutral” rating in a research report on Friday, February 21st. Morgan Stanley lowered their price target on shares of Wingstop from $389.00 to $375.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Finally, Robert W. Baird increased their price target on shares of Wingstop from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, May 23rd. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $350.96.

About Wingstop

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.