Tearsheet

Wingstop (WING)

Market Price (12/25/2025): $254.18 | Market Cap: $7.1 Bil
Sector: Consumer Discretionary | Industry: Restaurants

Wingstop (WING)

Market Price (12/25/2025): $254.18
Market Cap: $7.1 Bil
Sector: Consumer Discretionary
Industry: Restaurants

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 16%	Weak multi-year price returns 2Y Excs Rtn is -46%, 3Y Excs Rtn is -9.1%	Expensive valuation multiples P/SPrice/Sales ratio is 10x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 69x, P/EPrice/Earnings or Price/(Net Income) is 41x
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26%	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%	Key risks WING key risks include [1] its reliance on a single distributor and a limited group of suppliers and [2] its dependence on franchisee performance and their ability to successfully expand.
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%
3	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -26%
4	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, and E-commerce & DTC Adoption. Themes include Last-Mile Delivery, and Direct-to-Consumer Brands (Staples).

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 16%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%
3	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -26%
4	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, and E-commerce & DTC Adoption. Themes include Last-Mile Delivery, and Direct-to-Consumer Brands (Staples).
5	Weak multi-year price returns 2Y Excs Rtn is -46%, 3Y Excs Rtn is -9.1%
6	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%
7	Expensive valuation multiples P/SPrice/Sales ratio is 10x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 69x, P/EPrice/Earnings or Price/(Net Income) is 41x
8	Key risks WING key risks include [1] its reliance on a single distributor and a limited group of suppliers and [2] its dependence on franchisee performance and their ability to successfully expand.

Valuation, Metrics & Events

	12/25/25	2024	2023	2022	2021
Share Price CYE	$254.18	$282.97	$254.78	$136.06	$163.83
Market Cap CYE ($ Bil)	7.1	8.2	7.5	4.1	4.9
Total Debt ($ Bil)	1.3	1.3	0.7	0.7	0.5
Total Cash ($ Bil)	0.2	0.3	0.1	0.2	0.0
Enterprise Value ($ Bil)	8.1	9.5	8.2	4.8	5.4
Valuation Ratios
P/S TTM	10.4	13.3	16.6	11.5	18.2
P/EBIT TTM	26.3	49.4	67.9	45.4	69.6
P/E TTM	40.7	76.5	108.8	77.7	120.6
P/FCF TTM	113.4	78.7	94.6	78.7	246.6
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.4
P/EBIT TTM (Sector)	7.7	8.3	7.8	6.5	8.4
P/E TTM (Sector)	10.4	11.1	10.4	8.4	10.7
P/FCF TTM (Sector)	11.3	12.4	9.6	7.3	10.5

	12/25/25	2024	2023
Share Price CYE	$254.18	$282.97	$254.78
Market Cap CYE ($ Bil)	7.1	8.2	7.5
Total Debt ($ Bil)	1.3	1.3	0.7
Total Cash ($ Bil)	0.2	0.3	0.1
Enterprise Value ($ Bil)	8.1	9.5	8.2
Valuation Ratios
P/S TTM	10.4	13.3	16.6
P/EBIT TTM	26.3	49.4	67.9
P/E TTM	40.7	76.5	108.8
P/FCF TTM	113.4	78.7	94.6
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.7	8.3	7.8
P/E TTM (Sector)	10.4	11.1	10.4
P/FCF TTM (Sector)	11.3	12.4	9.6

	WING	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	0.7
Rev Chg Q	8.1%	7.3%
Rev Chg LTM	15.6%	6.1%
Rev Chg 3Y Avg	28.5%	5.5%
PROFITABILITY	GOOD
Op Inc LTM ($ Bil)	0.2
CFO LTM ($ Bil)	0.1
Net Inc LTM ($ Bil)	0.2
Op Mgn LTM	26.3%	18.8%
CFO/Rev LTM	15.2%	20.4%
Net Inc Mgn	25.5%	13.1%
VALUATION	VERY HIGH
P/S	10.4	3.3
P/CFO	68.5	15.8
P/FCF	113.4	20.7
P/E	40.7	23.5
STABILITY	VERY GOOD
Debt/Equity	0.18	0.21
Cash/Assets	0.33	0.07

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Metric	Value	Date	Source
System-wide Sales	1.4 billion	9272025	Link
System-wide Restaurant Count	2932	9272025	Link
Domestic Same-Store Sales Growth	-5.6%	9272025	Link
Digital Sales Percentage of System-wide Sales	72.8%	9272025	Link
Domestic Average Unit Volume (AUV)	2.1 million	9272025	Link
Total Domestic Restaurants	2505	9272025	Link
Total International Restaurants	427	9272025	Link
Company-Owned Domestic Restaurants	55	9272025	Link
Franchised Domestic Restaurants	2450	9272025	Link
Company-Owned Domestic Same-Store Sales Growth	3.8%	9272025	Link
Net New Openings	114	9272025	Link

Upcoming
2/18/2026	Earnings Release	Rev: - EPS: -

WING Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Wingstop (WING) stock saw a significant decline of -22.4% between August 31, 2025, and December 25, 2025. This movement can be attributed to several key factors that emerged during this period, impacting investor sentiment and the company's financial outlook.

1. Downgraded Same-Store Sales Outlook: Wingstop significantly downgraded its domestic same-store sales growth expectations for the full year 2025. Initially targeting around 1% growth, the company revised this to a decline of 3% to 4% due to a troubled economy impacting a broader range of consumers. This moderation was a reversal from previous years of strong double-digit growth (18.3% in 2023 and 19.9% in 2024), signaling a slowdown in a key performance metric.

2. Moderation in Operating Metrics: While Wingstop continued its global expansion, with a targeted unit growth rate of 17%-18% for 2025, other operating metrics showed moderation. System-wide sales still rose to $5.1 billion TTM by mid-2025, and total revenue grew 7.0% year-over-year. However, same-store sales declined by 0.7% year-over-year in the first half of 2025, highlighting industry-wide challenges and softer demand.

Show more Wingstop (WING) stock saw a significant decline of -22.4% between August 31, 2025, and December 25, 2025. This movement can be attributed to several key factors that emerged during this period, impacting investor sentiment and the company's financial outlook.

1. Downgraded Same-Store Sales Outlook: Wingstop significantly downgraded its domestic same-store sales growth expectations for the full year 2025. Initially targeting around 1% growth, the company revised this to a decline of 3% to 4% due to a troubled economy impacting a broader range of consumers. This moderation was a reversal from previous years of strong double-digit growth (18.3% in 2023 and 19.9% in 2024), signaling a slowdown in a key performance metric.

2. Moderation in Operating Metrics: While Wingstop continued its global expansion, with a targeted unit growth rate of 17%-18% for 2025, other operating metrics showed moderation. System-wide sales still rose to $5.1 billion TTM by mid-2025, and total revenue grew 7.0% year-over-year. However, same-store sales declined by 0.7% year-over-year in the first half of 2025, highlighting industry-wide challenges and softer demand.

3. Macroeconomic Headwinds and Consumer Spending: Economic factors such as inflation and higher prices in 2025 led U.S. consumers, particularly middle-income households, to moderate their non-discretionary spending, including dining out. This negatively impacted the broader restaurant industry, resulting in slower traffic and flat or declining same-store sales for many chains, including Wingstop.

4. Increased Operating and Advertising Expenses: Wingstop faced challenges in managing costs effectively. In Q2 2025, the cost of sales increased, reflecting higher operational expenses. Additionally, advertising expenses rose to maintain brand visibility and market share, which could have put pressure on profitability if not prudently managed.

5. High Debt-to-EBITDA Ratio and Free Cash Flow Decline: As of June 28, 2025, Wingstop's total debt remained flat compared to the end of 2024 but significantly increased by 69.5% compared to 2023. The Net Debt-to-EBITDA ratio stood at a relatively high 4.96x. Furthermore, free cash flow (FCF) dropped by 47.2% from $105.7 million in 2024 to $55.8 million TTM by mid-2025, despite capital expenditure remaining almost flat. Show less

Stock Movement Drivers

Fundamental Drivers

The 0.6% change in WING stock from 9/24/2025 to 12/24/2025 was primarily driven by a 2.0% change in the company's Total Revenues ($ Mil).

	9242025	12242025	Change
Stock Price ($)	252.74	254.32	0.63%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	669.74	682.98	1.98%
Net Income Margin (%)	25.61%	25.51%	-0.37%
P/E Multiple	41.13	40.72	-1.01%
Shares Outstanding (Mil)	27.91	27.90	0.05%
Cumulative Contribution			0.63%

LTM = Last Twelve Months as of date shown

Market Drivers

9/24/2025 to 12/24/2025

	Return	Correlation
WING	0.6%
Market (SPY)	4.4%	25.9%
Sector (XLY)	2.3%	40.7%

Fundamental Drivers

The -28.4% change in WING stock from 6/25/2025 to 12/24/2025 was primarily driven by a -30.5% change in the company's P/E Multiple.

	6252025	12242025	Change
Stock Price ($)	355.29	254.32	-28.42%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	651.11	682.98	4.89%
Net Income Margin (%)	26.45%	25.51%	-3.55%
P/E Multiple	58.55	40.72	-30.46%
Shares Outstanding (Mil)	28.39	27.90	1.71%
Cumulative Contribution			-28.44%

LTM = Last Twelve Months as of date shown

Market Drivers

6/25/2025 to 12/24/2025

	Return	Correlation
WING	-28.4%
Market (SPY)	14.0%	15.3%
Sector (XLY)	15.3%	21.6%

Fundamental Drivers

The -12.4% change in WING stock from 12/24/2024 to 12/24/2025 was primarily driven by a -51.7% change in the company's P/E Multiple.

	12242024	12242025	Change
Stock Price ($)	290.48	254.32	-12.45%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	591.04	682.98	15.56%
Net Income Margin (%)	17.05%	25.51%	49.64%
P/E Multiple	84.35	40.72	-51.73%
Shares Outstanding (Mil)	29.27	27.90	4.67%
Cumulative Contribution			-12.64%

LTM = Last Twelve Months as of date shown

Market Drivers

12/24/2024 to 12/24/2025

	Return	Correlation
WING	-12.4%
Market (SPY)	15.8%	30.7%
Sector (XLY)	5.3%	34.7%

Fundamental Drivers

The 76.6% change in WING stock from 12/25/2022 to 12/24/2025 was primarily driven by a 110.4% change in the company's Total Revenues ($ Mil).

	12252022	12242025	Change
Stock Price ($)	144.02	254.32	76.59%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	324.68	682.98	110.35%
Net Income Margin (%)	13.01%	25.51%	96.09%
P/E Multiple	101.98	40.72	-60.07%
Shares Outstanding (Mil)	29.91	27.90	6.74%
Cumulative Contribution			75.79%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2023 to 12/24/2025

	Return	Correlation
WING	-0.8%
Market (SPY)	48.9%	34.7%
Sector (XLY)	38.7%	35.0%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
WING Return	60%	31%	-17%	87%	11%	-11%	222%
Peers Return	30%	18%	-19%	39%	20%	-8%	90%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	115%
Monthly Win Rates [3]
WING Win Rate	67%	58%	33%	75%	67%	42%
Peers Win Rate	62%	53%	38%	55%	55%	45%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
WING Max Drawdown	-42%	-12%	-58%	-4%	-5%	-27%
Peers Max Drawdown	-39%	-11%	-34%	-6%	-7%	-22%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: DPZ, YUM, QSR, CMG, SHAK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique Key	Event	WING	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-62.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	167.6%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	314 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-51.1%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	104.4%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	27 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-31.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	46.8%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	150 days	120 days

Compare to TXRH, SFM, WEN, PZZA, GO

In The Past

Wingstop's stock fell -62.6% during the 2022 Inflation Shock from a high on 9/16/2021. A -62.6% loss requires a 167.6% gain to breakeven.

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About Wingstop (WING)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Wingstop Inc., together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. As of December 25, 2021, the company had 1,695 franchised restaurants and 36 company-owned restaurants in 44 states and 7 countries worldwide. Wingstop Inc. was founded in 1994 and is headquartered in Addison, Texas.

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The Chick-fil-A of chicken wings.

An In-N-Out Burger for chicken wings.

A Shake Shack for chicken wings.

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Bone-in Wings: Classic chicken wings, available in various flavors and quantities.
Boneless Wings: Chicken breast pieces, breaded and fried, offered in multiple flavors.
Crispy Tenders: Strips of breaded and fried chicken breast, served with dipping sauces.
Fries: Fresh-cut, seasoned french fries, a popular side item.
Dips & Sides: A selection of sauces, veggie sticks, and other complementary food items.

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Wingstop (symbol: WING) primarily sells its products directly to individual consumers rather than to other companies. As such, it does not have major corporate customers.

Based on its business model as a fast-casual restaurant chain, Wingstop serves the following categories of individual customers:

Everyday Diners and Small Groups: This category encompasses individual consumers and small groups (e.g., families, couples) who are looking for a convenient, flavorful meal for lunch or dinner. These customers are seeking a quick service option for their daily food needs.
Event & Group Caterers: Customers who purchase larger quantities of wings and sides for social gatherings, parties, sporting events, or office lunches. This category highlights the role Wingstop plays in providing food for multiple people during special occasions or group activities.
Convenience & Delivery-Focused Customers: These customers prioritize ease of access and quick service. They often utilize Wingstop's digital ordering platforms, mobile app, and third-party delivery services to enjoy their meals with minimal effort, catering to a desire for hassle-free food solutions.

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Tyson Foods (TSN)
The Coca-Cola Company (KO)

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Michael J. Skipworth President & Chief Executive Officer

Michael J. Skipworth has served as President and Chief Executive Officer and a board director since March 2022. He previously held roles as President and Chief Operating Officer from August 2021. Skipworth joined Wingstop in December 2014, holding various leadership roles in finance and accounting, including Chief Financial Officer until August 2021. Prior to Wingstop, he was Vice President, Corporate Controller, and then Senior Vice President of Finance and Accounting at Cardinal Logistics Holdings, LLC. He also worked as an Audit Senior Manager at KPMG, LLP. He was a key player in taking Wingstop public in 2015.

Alex R. Kaleida Senior Vice President, Chief Financial Officer

Alex R. Kaleida has been Senior Vice President and Chief Financial Officer since 2021. He joined Wingstop in 2019 as Vice President of Financial Planning & Analysis. Prior to joining Wingstop, he held various leadership positions at Kraft Heinz Company and Wendy's.

Donnie S. Upshaw Senior Vice President, Corporate Restaurants and Chief People Officer

Donnie S. Upshaw serves as Senior Vice President, Corporate Restaurants and Chief People Officer.

Marisa J. Carona Senior Vice President, Chief U.S. Franchise Operations and Development Officer

Marisa J. Carona holds the position of Senior Vice President, Chief U.S. Franchise Operations and Development Officer.

Albert G. McGrath Senior Vice President, General Counsel and Secretary

Albert G. McGrath (also known as Gerry McGrath) serves as Senior Vice President, General Counsel and Secretary.

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The key risks to Wingstop's business include:

Supply Chain Dependence: Wingstop relies on a single distributor and a limited group of suppliers for all its food items and packaging. This exposes the company to risks related to the distributor's and suppliers' timeliness, solvency, reputation, labor relations, freight costs, raw material prices, and adherence to health and safety standards. Wingstop has limited control over these entities.
Franchisee Performance and Expansion Challenges: A significant portion of Wingstop's revenue is derived from royalties from its franchised restaurants. Therefore, the company's success is highly dependent on the ability to recruit suitable franchisees and their capacity to open new restaurants as planned. Rapid expansion into new or existing markets also carries the risk of overpenetration or diminished local demand, especially if consumer spending weakens.
Consumer Discretionary Spending and Demand Volatility: Wingstop is sensitive to shifts in consumer discretionary spending, as evidenced by fluctuations in same-store sales. Sustained periods of softer consumer traffic or increased discounting could negatively impact comparable store sales and the financial health of its franchisees.

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The addressable markets for Wingstop's main products and services, primarily chicken wings and other chicken-based fast-food items, can be identified at both a global and U.S. regional level.

Global Market

The global chicken wings market is a significant addressable market. In 2025, the global chicken wings market size is valued at approximately USD 27.72 billion and is projected to reach USD 46.7 billion by 2035, growing at a compound annual growth rate (CAGR) of 5.3% from 2025 to 2035. Another estimate places the global chicken wings market size at approximately USD 50 billion in 2025, with a projection to exceed USD 80 billion by 2033 at a conservative CAGR of 5%.

U.S. Market

North America is a dominant region in the chicken wings market, expected to account for approximately 50.0% of the global market in 2025 due to high consumption rates and a well-established foodservice industry.

For the broader category of fast-food chicken restaurants in the U.S., the market size is estimated at USD 63.7 billion in 2025. This market experienced a CAGR of 5.6% between 2020 and 2025.

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Here are 3-5 expected drivers of future revenue growth for Wingstop (WING) over the next 2-3 years:

Global Unit Expansion: Wingstop is aggressively pursuing new restaurant openings both domestically and internationally. The company increased its global unit growth guidance for 2025 to 475 to 485 net new restaurants and expects mid-teens unit growth in 2026. International expansion is a key focus, with new markets like Ireland, Thailand, and Italy on the horizon, and a significant development deal in India that could support over 1,000 restaurants.
Same-Store Sales Growth Re-acceleration: Despite recent declines in domestic same-store sales, Wingstop anticipates a return to positive same-store sales growth in 2026. This re-inflection is expected to be driven by strategic initiatives such as the Smart Kitchen program, new marketing efforts, and the upcoming loyalty program launch.
Advancements in Technology (Smart Kitchen & Digital Sales): The rollout of the Wingstop Smart Kitchen operating platform across over 2,000 restaurants is significantly reducing service times by over 50%. This technological enhancement is correlated with improved guest satisfaction and mid-single-digit sales outperformance in regions where it has been implemented longer. Furthermore, digital sales, which accounted for 72.8% of system-wide sales in Q3 2025, are projected to continue contributing over 70% of future revenue, targeting new customers and increasing transaction sizes.
Loyalty Program Launch: Wingstop is piloting its "Club Wingstop" loyalty program in Q4 2025, with a full national launch planned for 2026. This program is designed to enhance customer engagement and drive increased frequency of visits, contributing to future revenue growth.
Strategic Marketing and Product Innovation: The company is investing in new marketing campaigns, such as "Wingstop is Here," to broaden its customer reach. Additionally, product innovation, evidenced by the relaunch of crispy chicken tenders and the introduction of new flavors like Mexican Street Spice, aims to reactivate lapsed users and attract new customers by leveraging flavor variety as a competitive advantage.

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Share Repurchases

In August 2023, Wingstop authorized a $250 million share repurchase program.
An additional $500 million share repurchase authorization was approved in December 2024.
Since the program's inception in August 2023 through September 29, 2025, the company repurchased and retired 2,336,871 shares, with $151.3 million remaining available under the authorization as of that date.

Outbound Investments

In May 2021, Wingstop made a minority investment in its UK franchisee, Lemon Pepper Holdings Ltd. (LPH), aimed at strengthening the development pipeline in the UK market.

Capital Expenditures

As of June 28, 2025, Wingstop's capital expenditures amounted to approximately -$52.9 million.
For the last 12 months ending November 4, 2025, capital expenditures were approximately -$40.96 million.
A primary focus of capital expenditures during the fiscal third quarter of 2025 was on technology investments.

Better Bets than Wingstop (WING)

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SECTOR: Consumer Discretionary

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Carvana

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DoorDash

CPNG (16.6%)

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RCL (37.7%)

Royal Caribbean

Higher Op Mgn LTM (Value for WING: 26.3%)

MCD (46.1%)

McDonald's

BKNG (34.5%)

Booking

YUM (30.8%)

Yum Brands

PLNT (29.4%)

Planet Fitness

RCL (26.4%)

Royal Caribbean

Higher CFO/Rev LTM (Value for WING: 15.2%)

MCD (39.9%)

McDonald's

MELI (37.5%)

MercadoLibre

BKNG (33.2%)

Booking

AMZN (18.1%)

Amazon.com

TSLA (16.5%)

Tesla

Higher FCF/Rev LTM (Value for WING: 9.2%)

ABNB (38.4%)

Airbnb

MELI (32.9%)

MercadoLibre

BKNG (31.9%)

Booking

MCD (28.1%)

McDonald's

DASH (15.8%)

DoorDash

Higher Total Yield (Value for WING: 2.9%)

LOW (6.9%)

Lowe's Companies

HD (6.9%)

Home Depot

MCD (6.0%)

McDonald's

TJX (4.0%)

TJX Companies

BKNG (3.6%)

Booking

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for WING: 28.5% | 10.4x)

KKR (44.5% | 7.0x)

KKR

APO (89.3% | 3.2x)

Apollo Asset Management

NU (62.1% | 8.4x)

AU (30.1% | 5.3x)

Anglogold Ashanti

ACGL (28.9% | 1.9x)

Arch Capital

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for WING: 28.5% | 39.5x)

APO (89.3% | 10.9x)

Apollo Asset Management

AU (30.1% | 13.3x)

Anglogold Ashanti

KGC (29.5% | 13.6x)

Kinross Gold

FIX (29.0% | 30.4x)

Comfort Systems USA

IBKR (48.1% | 3.5x)

Interactive Brokers

Higher Rev Chg LTM (Value for WING: 15.6%)

NVDA (65.2%)

NVIDIA

LLY (36.8%)

Eli Lilly

AVGO (23.9%)

Broadcom

META (21.3%)

Meta Platforms

MSFT (15.6%)

Microsoft

Higher Rev Chg 3Y Avg (Value for WING: 28.5%)

NVDA (91.6%)

NVIDIA

APP (36.0%)

AppLovin

CRWD (31.1%)

CrowdStrike

ANET (29.4%)

Arista Networks

PLTR (29.3%)

Palantir Technologies

Higher Op Mgn LTM (Value for WING: 26.3%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

META (43.2%)

Meta Platforms

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

Higher CFO/Rev LTM (Value for WING: 15.2%)

META (56.8%)

Meta Platforms

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (39.3%)

Alphabet

AAPL (26.6%)

Apple

Higher FCF/Rev LTM (Value for WING: 9.2%)

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

META (23.7%)

Meta Platforms

AAPL (23.5%)

Apple

GOOGL (19.1%)

Alphabet

Higher Total Yield (Value for WING: 2.9%)

JPM (6.4%)

JPMorgan Chase

BRK-B (6.2%)

Berkshire Hathaway

META (3.8%)

Meta Platforms

MSFT (3.6%)

Microsoft

GOOGL (3.5%)

Alphabet

		Best Bets In Consumer Discretionary Sector
	WING	ABNB	BKNG	DUOL	MCD	ETSY	LOPE	ALSN	GRMN	CROX	WH
What You Pay
P/E	40.7	31.8	35.0	21.5	26.5	30.5	22.1	12.1	25.1	21.4	17.3
P/EBIT	26.3	30.9	21.0	78.3	18.3	13.4	14.7	8.9	22.2	18.6	10.2
What You Get
Rev Chg Q	8.1%	9.7%	12.7%	41.1%	3.0%	2.4%	9.6%	-15.9%	11.7%	3.4%	-3.5%
Rev Chg LTM	15.6%	10.2%	13.0%	39.9%	1.2%	2.0%	7.0%	-4.2%	16.6%	2.0%	3.4%
Rev Chg 3Y Avg	28.5%	14.2%	17.8%	41.7%	4.2%	4.9%	6.5%	4.6%	12.2%	14.5%	-2.5%
FCF/Rev 3Y Avg	16.5%	40.2%	35.6%	30.3%	27.4%	23.8%	21.8%	21.0%	20.5%	19.8%	19.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Wingstop Earnings Notes
2	Wingstop Earnings Notes
3	Wingstop Stock Jump Looks Great, But How Secure Is That Gain?	Return
4	Is The 19.9% Decline In Wingstop (WING) Stock A Dip Buying Opportunity?	Actionable
5	Is The 22.0% Decline In Wingstop (WING) Stock A Dip Buying Opportunity?	Actionable
6	Is The 24.6% Decline In Wingstop (WING) Stock A Dip Buying Opportunity?	Actionable
7	Is The 24.3% Decline In Wingstop (WING) Stock A Dip Buying Opportunity?	Actionable
8	Is The 22.4% Decline In Wingstop (WING) Stock A Dip Buying Opportunity?	Actionable
9	Wingstop vs Eli Lilly: Which Is A Better Investment?	Counter-Intuitive Comparisons
10	How Does Wingstop Stock Stack Up Against Its Peers?	Peer Comparison

	Title
0	ARTICLES

Trade Ideas

Select ideas related to WING. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	13.3%	13.3%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.3%	5.3%	-0.1%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.4%	3.4%	-4.4%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	19.7%	19.7%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.8%	1.8%	-1.6%
WING_5312022_Dip_Buyer_High_CFO_Margins_ExInd_DE	05312022	WING	Wingstop	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	95.3%	151.7%	-9.8%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
OMER	Omeros	0.9	75.5%	55.5%
DVAX	Dynavax Technologies	1.8	38.2%	20.4%
EWTX	Edgewise Therapeutics	2.9	25.5%	2.2%
AGIO	Agios Pharmaceuticals	1.7	18.6%	-11.2%
TVTX	Travere Therapeutics	3.6	13.9%	131.2%
KOD	Kodiak Sciences	1.6	13.2%	212.4%
RZLT	Rezolute	0.3	13.2%	-44.1%
UP	Wheels Up Experience	0.5	11.7%	-57.4%
FBYD	Falcons Beyond Global	0.7	9.5%	129.7%
BW	Babcock & Wilcox Enterprises	0.5	8.5%	226.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ASTS	AST SpaceMobile	18.9	-8.9%	269.9%
QBTS	D-Wave Quantum	9.4	-5.5%	227.6%
NNE	Nano Nuclear Energy	1.2	-4.6%	21.7%
MNMD	Mind Medicine	1.2	-4.2%	93.0%
PPTA	Perpetua Resources	2.0	-4.0%	149.1%
KOS	Kosmos Energy	0.4	-4.0%	-73.6%
FRMI	Fermi	5.5	-4.0%	-75.7%
EXOD	Exodus Movement	0.4	-3.9%	-50.5%
TLRY	Tilray Brands	10.8	-3.6%	-23.7%
AEHR	Aehr Test Systems	0.7	-3.1%	32.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	74.0%	55.5%
LUNR	Intuitive Machines	2.0	63.7%	-8.0%
AAOI	Applied Optoelectronics	2.6	51.1%	11.2%
FBYD	Falcons Beyond Global	0.7	47.2%	129.7%
FLY	Firefly Aerospace	3.8	45.9%	-55.2%
RKLB	Rocket Lab	39.8	43.0%	203.0%
DVAX	Dynavax Technologies	1.8	42.5%	20.4%
UAMY	United States Antimony	0.8	39.9%	258.8%
DJT	Trump Media & Technology	4.0	36.7%	-58.0%
RZLT	Rezolute	0.3	36.3%	-44.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	31.7	-80.5%	-28.0%
TPL	Texas Pacific Land	6.8	-66.5%	-19.2%
LW	Lamb Weston	6.0	-28.6%	-34.8%
TLRY	Tilray Brands	10.8	-21.2%	-23.7%
INSP	Inspire Medical Systems	2.8	-19.1%	-48.4%
TDUP	ThredUp	0.8	-17.1%	354.7%
OLMA	Olema Pharmaceuticals	2.3	-15.8%	370.8%
IIPR	Innovative Industrial Properties	1.4	-12.9%	-15.7%
ABM	ABM Industries	2.6	-12.6%	-15.8%
FRMI	Fermi	5.5	-12.6%	-75.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
WVE	WAVE Life Sciences	3.0	144.6%	47.5%
TE	T1 Energy	1.1	124.5%	418.4%
ANF	Abercrombie & Fitch	6.0	93.2%	-15.2%
VERA	Vera Therapeutics	3.6	90.4%	31.6%
LUNR	Intuitive Machines	2.0	85.7%	-8.0%
AAOI	Applied Optoelectronics	2.6	82.5%	11.2%
RKLB	Rocket Lab	39.8	81.8%	203.0%
PL	Planet Labs PBC	6.2	76.1%	403.0%
NRGV	Energy Vault	0.8	66.9%	118.9%
FLY	Firefly Aerospace	3.8	60.4%	-55.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-44.1%
JANX	Janux Therapeutics	0.9	-54.6%	-73.3%
LENZ	LENZ Therapeutics	0.5	-46.3%	-40.6%
FRMI	Fermi	5.5	-45.2%	-75.7%
GOGO	Gogo	0.6	-34.1%	-43.0%
HPK	HighPeak Energy	0.6	-30.8%	-69.2%
ORIC	ORIC Pharmaceuticals	0.7	-28.5%	4.5%
FDMT	4D Molecular Therapeutics	0.5	-25.6%	45.4%
NKTR	Nektar Therapeutics	0.6	-25.1%	215.0%
LW	Lamb Weston	6.0	-24.8%	-34.8%

Peer Comparisons for Wingstop

Peers to compare with:

Financials

	WING	DPZ	YUM	QSR	CMG	SHAK	Median
Name	Wingstop	Domino's.	Yum Bran.	Restaura.	Chipotle.	Shake Sh.
Mkt Price	254.32	425.43	154.32	69.57	37.90	85.11	119.72
Mkt Cap	7.1	14.4	42.9	22.8	50.6	3.4	18.6
Rev LTM	683	4,848	8,061	9,106	11,787	1,373	6,455
Op Inc LTM	180	928	2,485	2,348	1,996	77	1,462
FCF LTM	63	632	1,564	1,354	1,573	63	993
FCF 3Y Avg	92	534	1,413	1,240	1,404	16	887
CFO LTM	103	730	1,906	1,588	2,215	204	1,159
CFO 3Y Avg	133	638	1,712	1,405	1,993	162	1,021

Growth & Margins

	WING	DPZ	YUM	QSR	CMG	SHAK	Median
Name	Wingstop	Domino's.	Yum Bran.	Restaura.	Chipotle.	Shake Sh.
Rev Chg LTM	15.6%	3.9%	11.6%	21.8%	7.3%	13.5%	12.5%
Rev Chg 3Y Avg	28.5%	2.6%	6.4%	14.2%	11.9%	16.7%	13.1%
Rev Chg Q	8.1%	6.2%	8.4%	15.9%	7.5%	15.9%	8.3%
QoQ Delta Rev Chg LTM	2.0%	1.4%	1.9%	3.8%	1.8%	3.8%	2.0%
Op Mgn LTM	26.3%	19.1%	30.8%	25.8%	16.9%	5.6%	22.5%
Op Mgn 3Y Avg	26.0%	18.4%	31.7%	28.8%	17.0%	3.7%	22.2%
QoQ Delta Op Mgn LTM	0.8%	0.2%	-0.0%	-0.6%	-0.3%	0.5%	0.1%
CFO/Rev LTM	15.2%	15.1%	23.6%	17.4%	18.8%	14.9%	16.3%
CFO/Rev 3Y Avg	23.8%	13.7%	23.0%	18.1%	18.6%	13.2%	18.3%
FCF/Rev LTM	9.2%	13.0%	19.4%	14.9%	13.3%	4.6%	13.2%
FCF/Rev 3Y Avg	16.5%	11.4%	18.9%	16.0%	13.1%	0.9%	14.6%

Valuation

	WING	DPZ	YUM	QSR	CMG	SHAK	Median
Name	Wingstop	Domino's.	Yum Bran.	Restaura.	Chipotle.	Shake Sh.
Mkt Cap	7.1	14.4	42.9	22.8	50.6	3.4	18.6
P/S	10.4	3.0	5.3	2.5	4.3	2.5	3.6
P/EBIT	26.3	15.1	17.2	10.7	25.3	51.8	21.3
P/E	40.7	24.5	29.6	26.6	32.9	80.4	31.3
P/CFO	68.6	19.8	22.5	14.4	22.8	16.8	21.1
Total Yield	2.9%	5.6%	5.2%	8.4%	3.0%	1.2%	4.1%
Dividend Yield	0.4%	1.5%	1.8%	4.7%	0.0%	0.0%	1.0%
FCF Yield 3Y Avg	1.1%	3.7%	3.6%	5.8%	2.4%	0.1%	3.0%
D/E	0.2	0.4	0.3	0.7	0.1	0.2	0.3
Net D/E	0.1	0.3	0.2	0.7	0.1	0.1	0.2

Returns

	WING	DPZ	YUM	QSR	CMG	SHAK	Median
Name	Wingstop	Domino's.	Yum Bran.	Restaura.	Chipotle.	Shake Sh.
1M Rtn	4.8%	6.1%	2.6%	0.4%	21.5%	-1.7%	3.7%
3M Rtn	0.6%	0.4%	3.7%	8.8%	-4.2%	-10.7%	0.5%
6M Rtn	-28.4%	-5.4%	5.9%	9.3%	-31.3%	-36.4%	-16.9%
12M Rtn	-12.4%	0.3%	16.5%	10.0%	-39.1%	-35.5%	-6.1%
3Y Rtn	76.6%	25.8%	26.8%	18.4%	34.2%	89.6%	30.5%
1M Excs Rtn	1.4%	2.7%	-0.8%	-3.0%	18.1%	-5.1%	0.3%
3M Excs Rtn	-2.8%	-3.9%	-1.9%	3.8%	-8.6%	-14.6%	-3.3%
6M Excs Rtn	-38.7%	-18.6%	-6.9%	-4.8%	-43.0%	-51.4%	-28.6%
12M Excs Rtn	-29.0%	-15.5%	2.0%	-8.7%	-55.6%	-50.8%	-22.2%
3Y Excs Rtn	-9.1%	-56.9%	-54.3%	-61.9%	-47.7%	1.7%	-51.0%

Comparison Analyses

	Title
0	How Does Wingstop Stock Stack Up Against Its Peers?

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

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Financials

Annual
Quarterly

$ Mil \| FY: 12/28	LTM	2024	2023	2022	2021	2020	2019
Period End	9/27/2025	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019
Filing Date	11/4/2025	2/19/2025	2/21/2024	2/22/2023	2/16/2022	2/18/2021	2/19/2020
Key Financials
Total Revenue	683	626	460	358	283	249	200
EBITDA	294	188	126	101	82	51	48
Operating Income	180	165	113	93	70	54	43
Net Income	174	109	70	53	43	23	20
EPS	6.15	3.72	2.36	1.77	1.43	0.79	0.70
Growth Rates
Total Revenue Growth	15.6%	36.0%	28.7%	26.6%	13.5%	24.6%	30.4%
EBITDA Growth	70.3%	49.4%	24.0%	24.0%	59.7%	5.9%	17.0%
Operating Income Growth	17.1%	46.0%	21.0%	32.5%	29.4%	26.6%	11.4%
Net Income Growth	72.9%	54.9%	32.5%	24.1%	83.0%	13.8%	-5.7%
Margins
EBITDA Margin	43.0%	30.0%	27.3%	28.4%	29.0%	20.6%	24.2%
Operating Income Margin	26.3%	26.3%	24.5%	26.0%	24.9%	21.8%	21.5%
Net Income Margin	25.5%	17.4%	15.3%	14.8%	15.1%	9.4%	10.3%
Cash & Debt
Total Cash	238	316	90	184	49	41	13
Total Debt	1,270	1,265	733	716	472	473	313
Net Debt / (Cash)	1,032	950	642	532	423	432	300
Cash Flows
Net Cash from Operations	103	158	122	76	49	66	39
Free Cash from Operations	63	106	81	52	21	59	16
Returns to Shareholders
Dividends	32	29	25	141	20	164	12
Share Repurchases	411	315	125	-0	-0	-0	-0

$ Mil \| FY: 12/28	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/27/2025	6/28/2025	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022
Filing Date	11/4/2025	7/30/2025	4/30/2025	2/19/2025	10/30/2024	7/31/2024	5/1/2024	2/21/2024	11/1/2023	8/2/2023	5/3/2023	2/22/2023
Key Financials Quarterly
Total Revenue	176	174	171	162	162	156	146	127	117	107	109	105
Ebitda	55	51	138	49	46	47	46	34	34	30	28	32
Operating Income	49	45	45	41	40	41	43	30	31	26	26	29
Net Income	28	27	92	27	26	27	29	19	20	16	16	18
EPS	1.02	0.96	3.25	0.92	0.88	0.94	0.98	0.64	0.66	0.54	0.52	0.59
Key Financials TTM
Total Revenue TTM	683	670	651	626	591	546	497	460	438	413	390	358
Ebitda TTM	294	284	280	188	173	161	144	126	124	117	112	101
Operating Income TTM	180	171	167	165	154	144	130	113	112	106	102	93
Net Income TTM	174	172	172	109	101	95	83	70	69	63	60	53
Growth Rates Quarterly
Total Revenue Growth	8.1%	12.0%	17.4%	27.4%	38.8%	45.3%	34.1%	21.2%	26.4%	27.9%	42.7%	45.6%
EBITDA Growth	20.6%	9.8%	197.8%	46.1%	34.1%	57.6%	63.1%	4.9%	27.9%	19.4%	58.6%	89.2%
Operating Income Growth	23.0%	9.7%	4.8%	36.9%	29.8%	55.8%	66.0%	2.7%	26.1%	16.6%	51.0%	103.2%
Net Income Growth	10.7%	-2.6%	221.0%	42.2%	31.9%	69.9%	83.5%	6.9%	46.0%	21.6%	80.6%	155.2%
Margins Quarterly
EBITDA Margin	31.3%	29.5%	80.8%	30.3%	28.1%	30.1%	31.9%	26.4%	29.1%	27.7%	26.2%	30.5%
Operating Income Margin	27.9%	25.9%	26.2%	25.2%	24.5%	26.5%	29.3%	23.5%	26.2%	24.7%	23.7%	27.7%
Net Income Margin	16.2%	15.4%	53.9%	16.5%	15.8%	17.7%	19.7%	14.8%	16.7%	15.1%	14.4%	16.8%
Cash & Debt
Total Cash	238	228	251	316	84	97	108	90	78	188	196	184
Total Debt	1,270	1,269	1,268	1,265	778	771	713	733	712	711	713	716
Net Debt / (Cash)	1,032	1,041	1,016	950	694	675	604	642	634	523	517	532
Cash Flows Quarterly
FCF from Operations	64	7	25	8	69	36	45	38	36	12	36	23
Cash Flows TTM
FCF from Operations TTM	103	109	138	158	188	154	131	122	107	95	92	76
Returns to Shareholders Quarterly
Dividends	8	8	8	8	8	6	7	6	7	6	6	6
Share Repurchases	40	-0	121	250	35	29	-0	0	125	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	13.5%	12.5%	13.1%	12.5%	16.6%	18.4%	21.1%	13.9%	14.4%	14.7%	14.9%	16.4%
Return on Invested Capital (ROIC) TTM
ROIC TTM	12.8%	12.0%	12.1%	12.8%	16.4%	16.0%	15.9%	13.0%	13.1%	14.9%	15.0%	13.3%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Restaurant	460
Advertising fees		119	82	75	56
Company-owned restaurant sales		80	70	65	55
Royalty revenue, franchise fees and other		159	131	109	88
Total	460	358	283	249	200

Net Income by Segment

$ Mil	2024	2023	2022	2021	2020
Restaurant	70
Total	70

Price Behavior

Price Behavior

Market Price	$254.32
Market Cap ($ Bil)	7.1
First Trading Date	06/12/2015
Distance from 52W High	-33.2%
	50 Days	200 Days
DMA Price	$246.95	$280.30
DMA Trend	indeterminate	down
Distance from DMA	3.0%	-9.3%
	3M	1YR
Volatility	53.9%	57.5%
Downside Capture	93.84	78.19
Upside Capture	77.66	53.53
Correlation (SPY)	25.9%	30.6%

WING Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.77	1.32	1.16	0.93	0.94	1.06
Up Beta	1.21	1.72	1.86	1.95	1.17	1.19
Down Beta	0.06	1.04	0.70	2.09	0.82	0.99
Up Capture	262%	148%	36%	-17%	52%	103%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	10	19	24	52	120	404
Down Capture	-20%	129%	176%	64%	99%	101%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	10	23	39	74	129	347

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of WING With Other Asset Classes (Last 1Y)
	WING	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-12.0%	8.3%	19.2%	71.9%	8.9%	6.0%	-10.4%
Annualized Volatility	57.2%	24.3%	19.5%	19.3%	15.3%	17.1%	35.0%
Sharpe Ratio	-0.02	0.27	0.78	2.69	0.36	0.18	-0.12
Correlation With Other Assets		34.6%	30.6%	-16.0%	-3.8%	21.3%	14.7%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of WING With Other Asset Classes (Last 5Y)
	WING	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	14.5%	9.8%	14.9%	18.7%	11.7%	4.8%	32.6%
Annualized Volatility	48.7%	23.8%	17.1%	15.5%	18.7%	18.9%	48.7%
Sharpe Ratio	0.45	0.37	0.70	0.97	0.51	0.17	0.59
Correlation With Other Assets		46.8%	44.4%	2.5%	3.8%	31.7%	22.0%

Based On 10-Year Data

		Comparison of WING With Other Asset Classes (Last 10Y)
	WING	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	31.7%	13.1%	14.7%	14.9%	6.9%	5.2%	69.2%
Annualized Volatility	44.5%	22.0%	18.0%	14.8%	17.6%	20.8%	55.8%
Sharpe Ratio	0.78	0.55	0.70	0.83	0.31	0.22	0.90
Correlation With Other Assets		45.7%	41.9%	4.7%	11.4%	32.6%	14.1%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	3,489,343
Short Interest: % Change Since 11302025	-5.2%
Average Daily Volume	847,508
Days-to-Cover Short Interest	4.12
Basic Shares Quantity	27,899,000
Short % of Basic Shares	12.5%

Returns Analyses

	Title
0	Wingstop Stock Jump Looks Great, But How Secure Is That Gain?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/4/2025	10.9%	11.2%	23.0%
7/30/2025	26.9%	16.6%	17.0%
4/30/2025	14.5%	15.8%	47.9%
2/19/2025	-13.4%	-21.9%	-29.8%
10/30/2024	-21.4%	-16.3%	-10.1%
7/31/2024	-0.7%	-2.3%	3.2%
5/1/2024	-0.2%	3.4%	0.4%
2/21/2024	-4.4%	4.5%	7.4%
...
SUMMARY STATS
# Positive	14	16	14
# Negative	10	8	10
Median Positive	9.2%	12.3%	17.4%
Median Negative	-4.2%	-10.4%	-7.7%
Max Positive	26.9%	30.3%	47.9%
Max Negative	-21.4%	-23.5%	-29.8%

	Forward Returns
11/4/2025	10.9%	11.2%	23.0%
7/30/2025	26.9%	16.6%	17.0%
4/30/2025	14.5%	15.8%	47.9%
2/19/2025	-13.4%	-21.9%	-29.8%
10/30/2024	-21.4%	-16.3%	-10.1%
7/31/2024	-0.7%	-2.3%	3.2%
5/1/2024	-0.2%	3.4%	0.4%
2/21/2024	-4.4%	4.5%	7.4%
11/1/2023	7.5%	13.4%	31.6%
8/2/2023	-0.4%	-4.3%	-3.1%
5/3/2023	9.4%	1.2%	-0.2%
2/22/2023	7.7%	2.5%	10.2%
10/26/2022	15.3%	14.9%	17.8%
7/28/2022	20.2%	30.3%	25.6%
5/4/2022	8.8%	-9.2%	-10.9%
2/16/2022	3.2%	-11.6%	-23.1%
11/3/2021	-10.0%	-0.4%	-5.2%
7/28/2021	-2.2%	1.8%	-0.6%
4/28/2021	6.0%	8.1%	-2.8%
2/17/2021	-13.2%	-23.5%	-20.4%
11/2/2020	0.2%	13.7%	15.3%
7/29/2020	16.7%	22.9%	25.3%
4/7/2020	9.0%	20.3%	45.2%
1/16/2020	-4.1%	2.1%	9.6%
SUMMARY STATS
# Positive	14	16	14
# Negative	10	8	10
Median Positive	9.2%	12.3%	17.4%
Median Negative	-4.2%	-10.4%	-7.7%
Max Positive	26.9%	30.3%	47.9%
Max Negative	-21.4%	-23.5%	-29.8%

SEC Filings

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Report Date	Filing Date	Filing
9302025	11042025	10-Q 9/27/2025
6302025	7302025	10-Q 6/28/2025
3312025	4302025	10-Q 3/29/2025
12312024	2192025	10-K 12/28/2024
9302024	10302024	10-Q 9/28/2024
6302024	7312024	10-Q 6/29/2024
3312024	5012024	10-Q 3/30/2024
12312023	2212024	10-K 12/30/2023
9302023	11012023	10-Q 9/30/2023
6302023	8022023	10-Q 7/1/2023
3312023	5032023	10-Q 4/1/2023
12312022	2222023	10-K 12/31/2022
9302022	10262022	10-Q 9/24/2022
6302022	7282022	10-Q 6/25/2022
3312022	5042022	10-Q 3/26/2022
12312021	2162022	10-K 12/25/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Caine Lynn Crump		6042025	Sell	345.60	499	172,455	3,091,401	Form
1	Kapoor Raj	SVP, Pres. of International	5072025	Sell	273.07	637	173,945	141,176	Form
2	Kapoor Raj	SVP, Pres. of International	12132024	Sell	324.38	266	86,284	86,284	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Wingstop (WING)

Market Price (12/25/2025): $254.18 | Market Cap: $7.1 BilSector: Consumer Discretionary | Industry: Restaurants

Wingstop (WING)

Market Price (12/25/2025): $254.18Market Cap: $7.1 BilSector: Consumer DiscretionaryIndustry: Restaurants

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

WING Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

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Market Drivers

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In The Past

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About Wingstop (WING)

Global Market

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Interactive Breakdown

Better Bets than Wingstop (WING)

INDUSTRY: Restaurants

Higher Rev Chg 3Y Avg | Lower P/S (Values for WING: 28.5% | 10.4x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for WING: 28.5% | 39.5x)

Higher Rev Chg LTM (Value for WING: 15.6%)

Higher Rev Chg 3Y Avg (Value for WING: 28.5%)

Higher Op Mgn LTM (Value for WING: 26.3%)

Higher CFO/Rev LTM (Value for WING: 15.2%)

Higher FCF/Rev LTM (Value for WING: 9.2%)

Higher Total Yield (Value for WING: 2.9%)

SECTOR: Consumer Discretionary

Higher Rev Chg 3Y Avg | Lower P/S (Values for WING: 28.5% | 10.4x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for WING: 28.5% | 39.5x)

Higher Rev Chg LTM (Value for WING: 15.6%)

Higher Rev Chg 3Y Avg (Value for WING: 28.5%)

Higher Op Mgn LTM (Value for WING: 26.3%)

Higher CFO/Rev LTM (Value for WING: 15.2%)

Higher FCF/Rev LTM (Value for WING: 9.2%)

Higher Total Yield (Value for WING: 2.9%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for WING: 28.5% | 10.4x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for WING: 28.5% | 39.5x)

Higher Rev Chg LTM (Value for WING: 15.6%)

Higher Rev Chg 3Y Avg (Value for WING: 28.5%)

Higher Op Mgn LTM (Value for WING: 26.3%)

Higher CFO/Rev LTM (Value for WING: 15.2%)

Higher FCF/Rev LTM (Value for WING: 9.2%)

Higher Total Yield (Value for WING: 2.9%)

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Market Price (12/25/2025): $254.18 | Market Cap: $7.1 Bil
Sector: Consumer Discretionary | Industry: Restaurants

Market Price (12/25/2025): $254.18
Market Cap: $7.1 Bil
Sector: Consumer Discretionary
Industry: Restaurants