WING's targeted media investments have solidified its presence in live sports and streaming platforms. However, elevated costs are a concern.
Wingstop (WING) concluded the recent trading session at $290.85, signifying a -0.31% move from its prior day's close.
Wingstop's impressive 21-quarter streak of comparable sales growth and rapid expansion highlights its strong market position, but rising costs and high valuation suggest caution. Despite inflationary pressures, Wingstop's asset-light model and strong franchisee relationships drive robust growth, with plans to reach 6,000 U.S. locations long-term. Wingstop's international expansion, particularly in Europe and the Gulf Coast, shows promising potential, but high chicken wing prices and increased SG&A expenses pose challenges.
Buying best-in-class but expensive-looking stocks with premium valuations is one of the hardest things to do when investing.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Goldman Sachs analyst Christine Cho upgraded Wingstop Inc. WING to Buy from Neutral, lowering the price forecast to $377 from $458.
Wingstop WING reported mixed third-quarter financial results on Wednesday.
Wingstop reported incredibly strong Q3 growth, consisting of accelerating unit expansion and great same-restaurant growth. A hiccup in Wingstop's earnings scared the market's incredibly tight expectations, as company-owned restaurants' income fell and SG&A increased due to higher stock-based compensation. WING stock is still expensive, but due to potential bull scenarios of rapid international growth or rapid restaurant acquisitions, the risk-to-reward is more balanced.
Wingstop Inc. (NASDAQ:WING ) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Alex Kaleida - SVP & CFO Michael Skipworth - President & CEO Conference Call Participants Jeffrey Bernstein - Barclays David Tarantino - Baird Andrew Charles - Cowen Sara Senatore - Bank of America James Salera - Stephens Brian Harbour - Morgan Stanley Danilo Gargiulo - Bernstein Andrew Barish - Jefferies Jeffrey Farmer - Gordon Haskett Gregory Francfort - Guggenheim Christine Cho - Goldman Sachs Brian Vaccaro - Raymond James Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Wingstop Fiscal Third Quarter 2024 Earnings Conference Call.
The stock is still crushing the S&P 500 over the past year -- and it's not even close.
Wingstop (WING) shares tumbled Wednesday after the chicken-wing chain's third-quarter profits fell short of analyst estimates.
Although the revenue and EPS for Wingstop (WING) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.