WingstopWING
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 Q2 SEC filings by fund managers ($100M+ AUM)
75% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 7 (+3) [Q2]
73% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 49
14% more capital invested
Capital invested by funds: $11B [Q1] → $12.6B (+$1.53B) [Q2]
9% more funds holding
Funds holding: 417 [Q1] → 453 (+36) [Q2]
2% less repeat investments, than reductions
Existing positions increased: 160 | Existing positions reduced: 164
1.49% less ownership
Funds ownership: 102.6% [Q1] → 101.11% (-1.49%) [Q2]
48% less call options, than puts
Call options by funds: $420M | Put options by funds: $814M
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Citigroup Jon Tower 65% 1-year accuracy 15 / 23 met price target | 18%upside $440 | Neutral Maintained | 4 Oct 2024 |
Wedbush Nick Setyan 73% 1-year accuracy 67 / 92 met price target | 18%upside $440 | Outperform Maintained | 16 Sept 2024 |
Stephens & Co. Jim Salera 77% 1-year accuracy 17 / 22 met price target | 27%upside $475 | Overweight Reiterated | 14 Aug 2024 |
Piper Sandler Brian Mullan 91% 1-year accuracy 10 / 11 met price target | 0%upside $375 | Neutral Maintained | 2 Aug 2024 |
TD Cowen Andrew Charles 60% 1-year accuracy 59 / 99 met price target | 20%upside $450 | Buy Reiterated | 1 Aug 2024 |
Financial journalist opinion
Based on 15 articles about WING published over the past 30 days