Why Wingstop Inc’s (WING) Stock Is Up 6.32% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Wingstop Inc before investing.

In this article, we go over a few key elements for understanding Wingstop Inc’s stock price such as:

Before we jump into Wingstop Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Wingstop Inc. is a fast casual chicken wings-focused restaurant chain, with over 2,200 locations worldwide. The Company is in the business of franchising and operating Wingstop restaurants. The Company is primarily a franchisor, with approximately 98% of its restaurants owned and operated by independent franchisees. It offers classic wings, boneless wings, tenders, and chicken sandwiches, cooked to order and hand sauced-and-tossed in fans' choice of 11 bold, distinctive flavors. The Company also complements its wings, tenders, and chicken sandwiches with seasoned fries, hand-cut carrots, ranch, bleu cheese dips and celery. The Company offers various order options, including dine-in, carryout, delivery, individual, combo meals and family packs. The Company operates approximately a total of 2,165 restaurants in 45 states and 11 countries and United States territories.

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As of June 05, 2024, 4:00 PM, CST, Wingstop Inc’s stock price was $402.44.

Wingstop Inc is up 6.32% from its previous closing price of $378.53.

During the last market session, Wingstop Inc’s stock traded between $367.91 and $378.58. Currently, there are 29.35 million shares of Wingstop Inc stock available for purchase.

Wingstop Inc’s price-earnings (P/E) ratio is currently at 134.9, which is high compared to the Restaurants & Bars industry median of 21.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Wingstop Inc’s (WING) price is currently up 9.17% so far this month.

During the month of June, Wingstop Inc’s stock price has reached a high of $410.95 and a low of $363.07.

Over the last year, Wingstop Inc has hit prices as high as $400.99 and as low as $150.08. Year to date, Wingstop Inc’s stock is up 192.43%.

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Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 04, 2024, there were 0 analysts who downgraded Wingstop Inc’s stock and 19 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Wingstop Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Wingstop Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Wingstop Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Wingstop Inc (WING) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 04, 2024, Wingstop Inc has a weighted four-quarter relative price strength of 12.55%, which translates to a Momentum Score of 90 and is considered to be Very Strong.

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As of June 5, 2024, Wingstop Inc’s stock price is $402.44, which is up 6.32% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Wingstop Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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