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Wingstop Inc. (WING) is a franchisor and operator of restaurants that specialize in cooked-to-order, hand-sauced and tossed chicken wings.
The Company offers its guests with over 11 flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides. It is a casual chicken wings-focused restaurant chain with various concepts, which include wings as add-on menu items or focus on wings in a bar or sports-centric setting. The flavors include Atomic, Mango Habanero, Cajun, Louisiana Rub, Mild, Hickory Smoked BBQ, Lemon Pepper, Garlic Parmesan, Hawaiian and Teriyaki.
It offers various order options, including eat-in, to go, individual, combo meals and family packs. It operates through two segments: Franchise and Company. The Franchise segment consists of its domestic and international franchise restaurants, which represent the majority of its system-wide restaurants.
The Company segment consists of company-owned restaurants, which are located only in the United States.
Shares of this company have formed a bullish "flag" following its Q2 results. The firm reported EPS of 15 cents, a penny above the estimates. The company reported revenue figures of $22.7 million, above the expected $22 million. System-wide restaurant count increased 16.4% to 914 worldwide locations. Domestic same store sales grew 3.1% Higher share prices are expected for this stock.
52-Weeks Trading Range: $20.31 - $33.10
Entry Point: $30.75
Stop Loss: $29.20
Target Price: $33.90
WING closed at $29.00
