Banco Santander S.A. Purchases Shares of 1,576 Wingstop Inc. (NASDAQ:WING)

Banco Santander S.A. acquired a new position in Wingstop Inc. (NASDAQ:WING) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,576 shares of the restaurant operator’s stock, valued at approximately $656,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hollencrest Capital Management acquired a new stake in Wingstop in the 2nd quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC bought a new position in Wingstop during the second quarter worth $34,000. Massmutual Trust Co. FSB ADV raised its stake in Wingstop by 60.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 35 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Wingstop by 60.6% in the third quarter. V Square Quantitative Management LLC now owns 106 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 40 shares during the period. Finally, Blue Trust Inc. grew its position in Wingstop by 384.6% during the third quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $53,000 after buying an additional 100 shares in the last quarter.

Wingstop Price Performance

Shares of Wingstop stock opened at $337.60 on Friday. The firm has a market cap of $9.86 billion, a price-to-earnings ratio of 98.43, a price-to-earnings-growth ratio of 3.15 and a beta of 1.76. The stock’s 50-day moving average is $372.44 and its 200-day moving average is $382.99. Wingstop Inc. has a one year low of $229.27 and a one year high of $433.86.

Wingstop (NASDAQ:WING) last released its earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.09). Wingstop had a net margin of 17.05% and a negative return on equity of 22.69%. The firm had revenue of $162.50 million during the quarter, compared to the consensus estimate of $160.24 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The company’s revenue was up 38.8% on a year-over-year basis. On average, equities analysts expect that Wingstop Inc. will post 3.68 EPS for the current year.

Wingstop Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.08 dividend on an annualized basis and a yield of 0.32%. Wingstop’s payout ratio is 31.49%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WING shares. Benchmark upgraded Wingstop from a “hold” rating to a “buy” rating and set a $340.00 target price for the company in a research note on Thursday, October 31st. Piper Sandler reduced their price objective on shares of Wingstop from $375.00 to $300.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Truist Financial lifted their target price on shares of Wingstop from $407.00 to $423.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Northcoast Research raised shares of Wingstop from a “neutral” rating to a “buy” rating and set a $350.00 price target for the company in a research report on Friday, November 1st. Finally, Barclays cut their price target on shares of Wingstop from $470.00 to $380.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Wingstop has an average rating of “Moderate Buy” and an average price target of $368.74.

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.