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 Q3 regulatory filings by fund managers ($100M+ AUM)
68% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 47
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
2.74% less ownership
Funds ownership: 103.46% [Q2] → 100.72% (-2.74%) [Q3]
5% less capital invested
Capital invested by funds: $12.8B [Q2] → $12.2B (-$648M) [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: $284M | Put options by funds: $512M
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Morgan Stanley John Glass 38% 1-year accuracy 11 / 29 met price target | 35%upside $389 | Overweight Upgraded | 21 Jan 2025 |
Stephens & Co. Jim Salera 37% 1-year accuracy 16 / 43 met price target | 62%upside $468 | Overweight Reiterated | 2 Jan 2025 |
Wedbush Nick Setyan 56% 1-year accuracy 54 / 96 met price target | 35%upside $390 | Outperform Reiterated | 8 Nov 2024 |
Goldman Sachs Christine Cho 60% 1-year accuracy 28 / 47 met price target | 31%upside $377 | Buy Upgraded | 8 Nov 2024 |
Piper Sandler Brian Mullan 82% 1-year accuracy 9 / 11 met price target | 4%upside $300 | Neutral Maintained | 4 Nov 2024 |
Financial journalist opinion
Based on 10 articles about WING published over the past 30 days