Banco Santander S.A. Takes $656,000 Position in Wingstop Inc. (NASDAQ:WING)

Banco Santander S.A. purchased a new stake in Wingstop Inc. (NASDAQ:WING - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,576 shares of the restaurant operator's stock, valued at approximately $656,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fulton Bank N.A. lifted its holdings in shares of Wingstop by 5.0% in the 3rd quarter. Fulton Bank N.A. now owns 547 shares of the restaurant operator's stock valued at $228,000 after purchasing an additional 26 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Wingstop by 3.7% in the second quarter. CIBC Asset Management Inc now owns 821 shares of the restaurant operator's stock valued at $347,000 after acquiring an additional 29 shares during the period. Dark Forest Capital Management LP grew its position in shares of Wingstop by 4.3% during the second quarter. Dark Forest Capital Management LP now owns 752 shares of the restaurant operator's stock worth $318,000 after acquiring an additional 31 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Wingstop by 60.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 93 shares of the restaurant operator's stock valued at $39,000 after acquiring an additional 35 shares during the period. Finally, Hollencrest Capital Management raised its position in Wingstop by 53.8% in the 3rd quarter. Hollencrest Capital Management now owns 100 shares of the restaurant operator's stock valued at $42,000 after purchasing an additional 35 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WING. Citigroup raised their price objective on shares of Wingstop from $417.00 to $440.00 and gave the stock a "neutral" rating in a research report on Friday, October 4th. Raymond James upgraded Wingstop from a "market perform" rating to an "outperform" rating and set a $42.00 target price on the stock in a research note on Thursday, August 1st. TD Cowen dropped their target price on Wingstop from $450.00 to $365.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Benchmark raised Wingstop from a "hold" rating to a "buy" rating and set a $340.00 price target for the company in a report on Thursday, October 31st. Finally, Northcoast Research raised shares of Wingstop from a "neutral" rating to a "buy" rating and set a $350.00 price objective on the stock in a research note on Friday, November 1st. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, Wingstop presently has an average rating of "Moderate Buy" and a consensus price target of $368.74.

Wingstop Stock Performance

WING stock traded down $0.81 on Friday, reaching $337.60. The company had a trading volume of 405,863 shares, compared to its average volume of 776,885. The company's fifty day moving average is $372.44 and its 200 day moving average is $382.99. The company has a market cap of $9.86 billion, a P/E ratio of 98.43, a PEG ratio of 3.15 and a beta of 1.76. Wingstop Inc. has a 1 year low of $229.27 and a 1 year high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.09). Wingstop had a negative return on equity of 22.69% and a net margin of 17.05%. The business had revenue of $162.50 million during the quarter, compared to analyst estimates of $160.24 million. During the same period in the previous year, the business posted $0.69 earnings per share. The firm's quarterly revenue was up 38.8% on a year-over-year basis. On average, sell-side analysts predict that Wingstop Inc. will post 3.68 earnings per share for the current year.

Wingstop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Friday, November 15th. Wingstop's dividend payout ratio (DPR) is 31.49%.

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.