Wingstop (WING)

• Market cap: $8.49B
• 1 day: 0.11%
• 5 days: -3.11%
• 1 month: -12.77%
• 3 months: -30.78%
• 6 months: -28.88%
• Year to date: 15.17%
• 1 year: 14.98%
• 5 years: 236.27%
• 10 years: 850.21%
• Sector: Consumer Discretionary
• Industry: Eating Places

About: Founded in 1994 in Garland, Texas, Wingstop is a restaurant operator specializing in indulgent bone-in and boneless chicken wings, chicken tenders, fries, and, recently, chicken sandwiches. The firm's footprint has grown quickly since its inception, reaching north of 2,200 global stores at the end of 2023, rendering Wingstop the 31st-largest restaurant brand in the US by system sales, according to Euromonitor data. With a 98% franchised model, Wingstop generates the lion share of its revenue from franchise royalties and advertising fees, with the remainder derived from a small footprint of company-owned stores.

Employees: 1,225

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

52% more first-time investments, than exits

New positions opened: 79 | Existing positions closed: 52

6% more funds holding

Funds holding: 454 [Q2] → 481 (+27) [Q3]

6% more repeat investments, than reductions

Existing positions increased: 181 | Existing positions reduced: 171

2.7% less ownership

Funds ownership: 103.11% [Q2] → 100.41% (-2.7%) [Q3]

5% less capital invested

Capital invested by funds: $12.8B [Q2] → $12.2B (-$642M) [Q3]

14% less funds holding in top 10

Funds holding in top 10: 7 [Q2] → 6 (-1) [Q3]

44% less call options, than puts

Call options by funds: $283M | Put options by funds: $506M

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $300 3% upside
• Avg. target: $383 32% upside
• High target: $468 61% upside

8 analyst ratings

• positive: 6 75%
• neutral: 2 25%
• negative: 0 0%

Stephens & Co. Jim Salera 23% 1-year accuracy 9 / 39 met price target	61% upside $468	Overweight Reiterated	9 Dec 2024
Wedbush Nick Setyan 57% 1-year accuracy 54 / 95 met price target	34% upside $390	Outperform Reiterated	8 Nov 2024
Goldman Sachs Christine Cho 50% 1-year accuracy 23 / 46 met price target	30% upside $377	Buy Upgraded	8 Nov 2024
Piper Sandler Brian Mullan 64% 1-year accuracy 7 / 11 met price target	3% upside $300	Neutral Maintained	4 Nov 2024
Barclays Jeffrey Bernstein 45% 1-year accuracy 46 / 102 met price target	31% upside $380	Overweight Maintained	31 Oct 2024