WING Stock Summary and Trading Ideas (Wingstop | NASDAQ:WING)

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 U.S. 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.

Wingstop trades on the NASDAQ stock market under the symbol WING.

As of April 24, 2024, WING stock price declined to $362.74 with 263,134 million shares trading.

WING has a beta of 1.03, meaning it tends to be more sensitive to market movements. WING has a correlation of 0.14 to the broad based SPY ETF.

WING has a market cap of $10.64 billion. This is considered a Large Cap stock.

Last quarter Wingstop reported $127 million in Revenue and $.64 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.07.

In the last 3 years, WING stock traded as high as $379.00 and as low as $67.67.

The top ETF exchange traded funds that WING belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

WING has outperformed the market in the last year with a price return of +84.7% while the SPY ETF gained +24.1%. WING has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +29.4% and +0.7%, respectively, while the SPY returned +4.5% and -1.7%, respectively.

WING support price is $354.98 and resistance is $374.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WING stock will trade within this expected range on the day.