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)
- Last four reported quarters (through Jun 27, 2026): revenue $721M, net income $116M (16.2% margin), free cash flow $128M (SEC filings).
- Valuation: P/E 28.3x (avg 74.8x at the last 3 fiscal year-ends), EV/EBITDA 19.2x, net debt $1.08B.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $31K; 1 not under a Rule 10b5-1 plan ($31K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.11 on a 1–5 scale) (28 analysts), mean target USD 190 (range 120–265).
- Total return with dividends: 1Y -53.0% vs S&P 500 +14.9%; 5Y -25.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 1.04, revenue estimate $193M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (WING)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| 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 margin | 79.7% | 82.3% | 84.6% | 85.4% | — | — |
| Operating margin | 26.1% | 25.7% | 24.5% | 26.5% | 25.7% | 27.9% |
| Net margin | 15.1% | 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 date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-12 | Fallon Christopher | Former SVP & CIO | 250 | $31K | 48.4% | No | Too 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:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Baird | Target lowered | Outperform | $160 → $150 |
| 2026-10-20 | StoneX | Target lowered | Buy | $245 → $185 |
| 2026-10-16 | Citigroup | Target lowered | Buy | $208 → $191 |
| 2026-10-15 | Morgan Stanley | Target lowered | Overweight | $238 → $202 |
| 2026-09-17 | RBC Capital | Target lowered | Outperform | $200 → $150 |
| 2026-09-11 | TD Cowen | Target lowered | Hold | $160 → $120 |
| 2026-08-03 | Bernstein | Downgrade | Outperform → Market Perform | $220 → $155 |
| 2026-07-30 | Benchmark | Target lowered | Buy | $285 → $245 |
| 2026-07-30 | Citigroup | Target lowered | Buy | $237 → $208 |
| 2026-07-30 | RBC Capital | Target lowered | Outperform | $225 → $200 |
| 2026-07-30 | DA Davidson | Target lowered | Buy | $200 → $190 |
| 2026-07-30 | Morgan Stanley | Target lowered | Overweight | $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)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Royalty revenue, franchise fees and other | $86.8M | 46.8% | +8.7% |
| Royalty revenue | $78.6M | 42.3% | +7.8% |
| Advertising fees | $64.5M | 34.8% | +4.2% |
| Advertising fees and related income | $64.5M | 34.8% | +4.2% |
| Company-owned restaurant sales | $34.2M | 18.4% | +5.3% |
| Franchise fees and other | $8.3M | 4.5% | +18.5% |
| Total revenue | $185.6M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
WING company outlook (results filed Jul 29, 2026)
- “The Company is providing updated guidance for 2026: • A decline of 4% to 6% in domestic same store sales growth; • SG&A of between $140 - $143 million, which includes $3 million of restructuring charges related to corporate realignment; • Stock-based compensation expense of approximately $24 million; and • Depreciation and amortization of approximately $33 million.”
- “Additionally, the Company reiterates guidance for 2026: • Global unit growth rate of 15% to 16%; and • Interest expense, net of approximately $43 million.”
Quoted word-for-word from the SEC 8-K results press release.
WING analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.04 | $1.17 | -11.1% | $193.3M | 25 |
| Next quarter (ends Dec 2026) | $1.03 | $1.18 | -12.7% | $200.2M | 24 |
| Current fiscal year (ends Dec 2026) | $4.41 | $4.55 | -3.0% | $762.2M | 26 |
| Next fiscal year (ends Dec 2027) | $5.30 | $5.56 | -4.7% | $881.2M | 26 |
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.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 73.6% | ±16.5% |
| Dec 18, 2026 | 56 | 64.1% | ±20.1% |
| Jan 15, 2027 | 84 | 64.9% | ±24.8% |
| Mar 19, 2027 | 147 | 64.9% | ±32.4% |
| Jun 17, 2027 | 237 | 64.6% | ±40.6% |
| Sep 17, 2027 | 329 | 64.0% | ±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)
| Price | USD 120.87 |
|---|---|
| Change | ▲ 0.77% (up) |
| Previous Close | USD 119.95 |
| Open | USD 119.32 |
| Day Range | USD 118.66 – 123.49 |
| 52-Week Range | USD 95.82 – 302.8 |
| Volume | 1,232,345 shares |
| Market Cap | $3.29B |
| Exchange | NMS |
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 Signal | STRONG BUY |
|---|---|
| RSI (14) | 53.22 (neutral) |
| vs SMA50 | Above (USD 113.19) |
| MACD | 4.41 (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 Rating | Buy |
|---|---|
| Analyst Count | 28 |
| Mean Target | USD 190 |
| High Target | USD 265 |
| Low Target | USD 120 |
| Buy / Hold / Sell | 22 / 6 / 0 |
Earnings (WING)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 1.04 |
| Revenue Estimate | $193.28M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.18 vs est 1.02 ▲ beat |
| 2026-03-31 | USD 1.18 vs est 1.03 ▲ beat |
| 2025-12-31 | USD 1 vs est 0.83 ▲ beat |
| 2025-09-30 | USD 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 Ratio | 2.97 |
| 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.
| Growth | Solid — Revenue +11% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 49%, operating 30% (last 12 months) |
| Balance Sheet | Mixed — $127M cash and investments vs $1.21B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $128M (last 4 quarters to Jun 2026, SEC), 18% margin |
| Efficiency | Mixed — No data |
Ownership (WING)
| Insider Ownership | +0.74% |
|---|---|
| Institutional Ownership | +123.60% |
| Shares Outstanding | 27.24M |
| Float | 25.52M |
| 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 & Director | Michael J. Skipworth |
|---|---|
| Chief Financial Officer | Alex R. Kaleida |
| Chief Operating Officer | Rajneesh Kapoor |
| Senior Director of Investor Relations & Corporate Finance | Sarah Niehaus |
| Senior Vice President of Digital | Kevin 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
| Investor | Stake |
|---|---|
| FMR, LLC | 15.02% |
| Darsana Capital Partners, LP | 5.51% |
| Fidelity | 5.42% |
| Massachusetts Financial Services Co. | 4.8% |
| T. Rowe Price | 4.55% |
| American Century Companies Inc | 3.53% |
| Marshall Wace LLP | 3.53% |
| Alyeska Investment Group, L.p. | 3.46% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 10.19% |
| Vanguard Group | 8.87% |
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)
- The national advertising program also supports our digital initiatives and related strategies, including our focused investments in customer relationship management and our proprietary digital platform, which allows us to deploy a digital platform-based marketing strategy.
- We also require franchisees to use our proprietary sauces, seasonings, and spice blends and to purchase them and other proprietary products only from designated sources.
- We have core information systems in place that, together with focused investments we have made and continue to make in technology (including our proprietary digital platform), we believe are designed to scale and support our future growth plans.
- During the year, we implemented Wingstop Smart Kitchen, our proprietary kitchen operating platform, in all domestic restaurants.
Partnerships
- When a mutually agreeable site for a restaurant has been chosen, we enter into a franchise agreement with the franchisee, under which the franchisee is generally granted the right to operate a restaurant in a particular location, typically providing for a 10-year initial term, with an opportunity to enter into one or more renewal franchise agreements subject to certain conditions.
Legal & Regulatory Risks (Item 1A, quoted)
- Our increasing reliance on credit or debit cards for payment increases the risk of regulatory compliance and security breaches or intrusions, which could materially adversely impact our business, financial condition, or results of operations.
- Our business activities subject us and our franchisees to litigation risk that could subject us to significant money damages and other remedies or by increasing our and our franchisees' litigation expense.
- We may engage in litigation or arbitration with our franchisees.
- We are vulnerable to changes in consumer preferences and regulation of consumer eating habits that could harm our business, financial condition, and results of operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SHAK | Shake Shack, Inc. | USD 67.88 | ▲ 0.06% |
| CHA | Chagee Holdings Limited | USD 12.46 | ▼ 3.78% |
| JMKE | Jersey Mike's Subs Inc. | USD 17.69 | ▲ 0.17% |
| CAKE | The Cheesecake Factory Incorpor | USD 112.44 | ▼ 1.7% |
| ARCO | Arcos Dorados Holdings Inc. | USD 8.02 | ▼ 0.87% |
| CAVA | CAVA 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