Wingstop Inc. (WING) Stock Price & Analysis

Wingstop Inc. (WING) closed at USD 120.87 on Thursday, October 22, 2026, up 0.77% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 119.95; the Oct 22, 2026 session ranged USD 118.66–123.49 on volume of 1,232,345 shares. Market capitalization is $3.29B, with a 52-week range of USD 95.82–302.8 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:38 UTC.

Also available as compact Markdown for AI agents: nexqual.com/WING.md

Key facts (WING)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (WING)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$283M$358M$460M$626M$697M$721M
Gross profit$225M$294M$389M$534M——
Operating income$73.8M$91.9M$113M$166M$179M$201M
Net income$42.7M$52.9M$70.2M$109M$174M$116M
EPS (diluted)$1.42$1.77$2.35$3.70$6.21—
Free cash flow$20.9M$52.3M$80.8M$106M$106M$128M
Gross margin79.7%82.3%84.6%85.4%——
Operating margin26.1%25.7%24.5%26.5%25.7%27.9%
Net margin15.1%14.8%15.3%17.4%25.0%16.2%
Revenue growth+13.5%+26.6%+28.7%+36.0%+11.4%—
Cash + short-term investments$48.6M$184M$90.2M$316M$197M—
Total debt$478M$725M$721M$1.22B$1.22B—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 27, 2026) (WING)

P/E 28.3x · P/S 4.6x · EV/EBITDA 19.2x · EV/Sales 6.1x · P/FCF 25.6x · FCF yield 3.90% · Earnings yield 3.54% · Dividend yield (paid, TTM) 1.01% · Buyback yield (TTM) 5.45% · Net debt $1.08B · EV $4.38B

P/E at fiscal year-ends: Dec 2025 38.4x, Dec 2024 76.8x, Dec 2023 109.2x.

Insider sales (SEC Form 4, open-market, last ~7 months) (WING)

0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-05-12Fallon ChristopherFormer SVP & CIO250$31K48.4%NoToo little history (no open-market trades in 2023–2025)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (WING)

Consensus Buy (mean 2.11 on a 1–5 scale), 28 analysts; mean target USD 190 (low 120, high 265).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-22BairdTarget loweredOutperform$160 → $150
2026-10-20StoneXTarget loweredBuy$245 → $185
2026-10-16CitigroupTarget loweredBuy$208 → $191
2026-10-15Morgan StanleyTarget loweredOverweight$238 → $202
2026-09-17RBC CapitalTarget loweredOutperform$200 → $150
2026-09-11TD CowenTarget loweredHold$160 → $120
2026-08-03BernsteinDowngradeOutperform → Market Perform$220 → $155
2026-07-30BenchmarkTarget loweredBuy$285 → $245
2026-07-30CitigroupTarget loweredBuy$237 → $208
2026-07-30RBC CapitalTarget loweredOutperform$225 → $200
2026-07-30DA DavidsonTarget loweredBuy$200 → $190
2026-07-30Morgan StanleyTarget loweredOverweight$255 → $238

Total return (dividends reinvested) (WING)

1Y (from 2025-10-23)5Y (from 2021-10-18)
Total return-53.0%-25.6%
S&P 500 (SPY)+14.9%+80.3%
Per year-53.1%-5.7%
Volatility (annualized)63.1%53.4%
Max drawdown-65.4% (Jan 2026→Sep 2026)-76.3% (Jun 2024→Sep 2026)

WING revenue by product line (quarter ended Jun 27, 2026)

LineRevenueShare of totalYoY
Royalty revenue, franchise fees and other$86.8M46.8%+8.7%
Royalty revenue$78.6M42.3%+7.8%
Advertising fees$64.5M34.8%+4.2%
Advertising fees and related income$64.5M34.8%+4.2%
Company-owned restaurant sales$34.2M18.4%+5.3%
Franchise fees and other$8.3M4.5%+18.5%
Total revenue$185.6M100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

WING company outlook (results filed Jul 29, 2026)

Quoted word-for-word from the SEC 8-K results press release.

WING analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$1.04$1.17-11.1%$193.3M25
Next quarter (ends Dec 2026)$1.03$1.18-12.7%$200.2M24
Current fiscal year (ends Dec 2026)$4.41$4.55-3.0%$762.2M26
Next fiscal year (ends Dec 2027)$5.30$5.56-4.7%$881.2M26

WING options: expected move

Options price a move of about ±16.5% (±$20.00) by Nov 20, 2026, which includes earnings on Oct 28, 2026. Over the last 8 reports the stock moved ±13.9% on average.

ExpirationDaysATM implied volatilityExpected move
Nov 20, 20262873.6%±16.5%
Dec 18, 20265664.1%±20.1%
Jan 15, 20278464.9%±24.8%
Mar 19, 202714764.9%±32.4%
Jun 17, 202723764.6%±40.6%
Sep 17, 202732964.0%±46.9%

30-day implied volatility 75.9% vs 66.4% realized over the last 30 trading days. Put/call ratio (volume) 1.05. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 10:38 UTC)

PriceUSD 120.87
Change▲ 0.77% (up)
Previous CloseUSD 119.95
OpenUSD 119.32
Day RangeUSD 118.66 – 123.49
52-Week RangeUSD 95.82 – 302.8
Volume1,232,345 shares
Market Cap$3.29B
ExchangeNMS

Technical Analysis (WING)

Nexqual's technical model rates WING "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 10:38 UTC.

Overall SignalSTRONG BUY
RSI (14)53.22 (neutral)
vs SMA50Above (USD 113.19)
MACD4.41 (positive)

Analyst Ratings (WING)

Wall Street analysts rate WING "Buy" based on 28 analysts, with a mean price target of USD 190 (range USD 120–265), per Nexqual as of October 23, 2026 at 10:38 UTC.

Consensus RatingBuy
Analyst Count28
Mean TargetUSD 190
High TargetUSD 265
Low TargetUSD 120
Buy / Hold / Sell22 / 6 / 0

Earnings (WING)

Next Earnings Date2026-10-28
EPS EstimateUSD 1.04
Revenue Estimate$193.28M

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 1.18 vs est 1.02 ▲ beat
2026-03-31USD 1.18 vs est 1.03 ▲ beat
2025-12-31USD 1 vs est 0.83 ▲ beat
2025-09-30USD 1.09 vs est 0.92 ▲ beat

Source: Nexqual, October 23, 2026 at 10:38 UTC.

Financials & Fundamentals (WING)

Total Revenue$720.72M
Revenue Growth (latest quarter, YoY)+6.40%
Gross Margin+49.42%
Operating Margin+29.76%
Profit Margin+16.15%
Current Ratio2.97
Total Cash$127.45M
Total Debt$1.27B
Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K)$128.49M (17.8% of revenue)

Source: Nexqual, October 23, 2026 at 10:38 UTC.

Financial Health Score (WING)

Nexqual rates Wingstop Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 10:38 UTC.

GrowthSolid — Revenue +11% YoY (annual)
ProfitabilityStrong — Gross margin 49%, operating 30% (last 12 months)
Balance SheetMixed — $127M cash and investments vs $1.21B debt (Jun 2026, SEC)
Cash FlowStrong — FCF $128M (last 4 quarters to Jun 2026, SEC), 18% margin
EfficiencyMixed — No data

Ownership (WING)

Insider Ownership+0.74%
Institutional Ownership+123.60%
Shares Outstanding27.24M
Float25.52M
Short % of Float+18.51%

Source: Nexqual, October 23, 2026 at 10:38 UTC.

Leadership (WING)

Wingstop Inc. is led by Michael J. Skipworth, President, CEO & Director, per Nexqual as of October 23, 2026 at 10:38 UTC.

President, CEO & DirectorMichael J. Skipworth
Chief Financial OfficerAlex R. Kaleida
Chief Operating OfficerRajneesh Kapoor
Senior Director of Investor Relations & Corporate FinanceSarah Niehaus
Senior Vice President of DigitalKevin Fish

Major Backers & Investors (WING)

Notable institutional backers of Wingstop Inc. include FMR, LLC, Darsana Capital Partners, LP, Fidelity, according to Nexqual as of October 23, 2026 at 10:38 UTC.

Active Investors

InvestorStake
FMR, LLC15.02%
Darsana Capital Partners, LP5.51%
Fidelity5.42%
Massachusetts Financial Services Co.4.8%
T. Rowe Price4.55%
American Century Companies Inc3.53%
Marshall Wace LLP3.53%
Alyeska Investment Group, L.p.3.46%

Index Funds (Passive)

FundStake
BlackRock10.19%
Vanguard Group8.87%

Source: Nexqual, October 23, 2026 at 10:38 UTC.

From Wingstop Inc.'s Latest SEC 10-K Filing (filed 2026-02-18)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

SymbolNamePriceChange
SHAKShake Shack, Inc.USD 67.88▲ 0.06%
CHAChagee Holdings LimitedUSD 12.46▼ 3.78%
JMKEJersey Mike's Subs Inc.USD 17.69▲ 0.17%
CAKEThe Cheesecake Factory IncorporUSD 112.44▼ 1.7%
ARCOArcos Dorados Holdings Inc.USD 8.02▼ 0.87%
CAVACAVA Group, Inc.USD 54.68▼ 0.58%

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:38 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt