Short interest for Wingstop gives investors a sense of the degree to which investors are betting on the decline of Wingstop's stock. Short interest data is updated every two weeks.

Wingstop Stock (NASDAQ:WING), Short Interest Report

Wingstop

Founded in 1994 in Garland, Texas, Wingstop is a restaurant operator specializing in indulgent bone-in and boneless chicken wings, chicken tenders, fries, and, recently, chicken sandwiches. The firm's footprint has grown quickly since its inception, reaching north of 2,200 global stores at the end of 2023, rendering Wingstop the 31st-largest restaurant brand in the U.S. by system sales, according to Euromonitor data. With a 98% franchised model, Wingstop generates the lion share of its revenue from franchise royalties and advertising fees, with the remainder derived from a small footprint of company-owned stores.

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QUALCOMM To Rally Around 22%? Here Are 10 Top Analyst Forecasts For Thursday

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Wingstop reported Q1 FY24 sales surge 34.1% YoY to $145.789M, surpassing estimates. Adjusted EPS of $0.98 beat the consensus estimate of $0.76. 

What&#39;s Going On With Restaurant Chain Wingstop Shares Today?

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A negative sentiment might linger on Wall Street on Wednesday, as evidenced by stock futures, after Advanced Micro Devices, Inc.‘s (NASDAQ:AMD) 

Wall Street Set To Open Lower After AMD Earnings Disappoint As Traders Look To Fed&#39;s Powell For Relief: Why This Analyst Sees Incoming Summer Rally

Wingstop Inc

Wings - United States Dollar

WINGARC1ST INC by WINGARC1ST INC.

WINGS & THINGS INC by Wings & Things, Inc.

WING TAI PROPERTIES LTD by WING TAI PROPERTIES LTD

Wing Tai Properties Ltd

Wing Yip Food Holdings Group Limited

Citigroup analyst Jon Tower maintains Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) with a Neutral and raises the price target from $375 to $398.

Analyst Ratings

Citigroup Maintains Neutral on Wingstop, Raises Price Target to $398

Barclays analyst Jeffrey Bernstein maintains Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) with a Overweight and raises the price target from $350 to $418.

Barclays Maintains Overweight on Wingstop, Raises Price Target to $418

B of A Securities analyst Sara Senatore maintains Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) with a Buy and raises the price target from $421 to $461.

B of A Securities Maintains Buy on Wingstop, Raises Price Target to $461

BMO Capital analyst Andrew Strelzik maintains Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) with a Market Perform and raises the price target from $275 to $325.

BMO Capital Maintains Market Perform on Wingstop, Raises Price Target to $325

Benchmark analyst Todd Brooks reiterates Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) with a Hold.

Reiteration

Benchmark Reiterates Hold on Wingstop

Truist Securities analyst Jake Bartlett maintains Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) with a Hold and raises the price target from $320 to $345.

Truist Securities Maintains Hold on Wingstop, Raises Price Target to $345

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
Jefferies raised the price target for First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) from $209 to $211. Jefferies analyst Dushyant Ailani maintained a Buy rating. First Solar shares rose 0.7% to close at $177.58 on Wednesday. <a href="https://www.benzinga.com/quote/FSLR/analyst-ratings">See how other analysts view this stock</a>.
Mizuho cut the price target for Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) from $480 to $478. Mizuho analyst Dan Dolev maintained a Buy rating. Mastercard shares fell 2% to close at $442.07 on Wednesday. <a href="https://www.benzinga.com/quote/MA/analyst-ratings">See how other analysts view this stock.</a>
DA Davidson slashed Fastly, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>) price target from $24 to $8.5. DA Davidson analyst Rudy Kessinger downgraded the stock from Buy to Neutral. Fastly shares rose 2.2% to close at $12.93 on Wednesday. <a href="https://www.benzinga.com/quote/FSLY/analyst-ratings">See how other analysts view this stock</a>.
Canaccord Genuity lowered the price target for Hudson Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HDSN#NASDAQ">HDSN</a>) from $15 to $10. Canaccord Genuity analyst Austin Moeller downgraded the stock from Buy to Hold. Hudson Technologies shares fell 1.2% to close at $9.80 on Wednesday. <a href="https://www.benzinga.com/quote/HDSN/analyst-ratings">See how other analysts view this stock</a>.
Wolfe Research raised QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) price target from $180 to $200. Wolfe Research analyst Chris Caso maintained an Outperform rating. QUALCOMM shares fell 1.1% to close at $164.11 on Wednesday. <a href="https://www.benzinga.com/quote/QCOM/analyst-ratings">See how other analysts view this stock</a>.
Baird increased Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) price target from $65 to $110. Baird analyst Colin Sebastian maintained a Neutral rating. Carvana shares gained 5% to close at $87.09 on Wednesday. <a href="https://www.benzinga.com/quote/CVNA/analyst-ratings">See how other analysts view this stock.</a>
Stifel raised the price target for TTM Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) from $15 to $19. Stifel analyst Matthew Sheerin upgraded the stock from Hold to Buy. TTM Technologies shares fell 1.1% to close at $14.77 on Wednesday. <a href="https://www.benzinga.com/quote/TTMI/analyst-ratings">See how other analysts view this stock</a>.
TD Cowen boosted Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) price target from $410 to $430. TD Cowen analyst Andrew Charles maintained a Buy rating. Wingstop shares fell 0.2% to close at $383.98 on Wednesday. <a href="https://www.benzinga.com/quote/WING/analyst-ratings">See how other analysts view this stock.</a>
Susquehanna cut Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) price target from $25 to $23. Susquehanna analyst Christopher Rolland maintained a Neutral rating. Wolfspeed shares fell 3.4% to close at $26.11 on Wednesday. <a href="https://www.benzinga.com/quote/WOLF/analyst-ratings">See how other analysts view this stock</a>.
Baird slashed O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) price target from $28 to $22. Baird analyst Ghansham Panjabi maintained an Outperform rating. O-I Glass shares fell 15.9% to close at $12.58 on Wednesday. <a href="https://www.benzinga.com/quote/OI/analyst-ratings">See how other analysts view this stock.</a>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/05/38573088/apple-kellanova-and-3-stocks-to-watch-heading-into-thursday">Apple, Kellanova And 3 Stocks To Watch Heading Into Thursday</a>

Baird analyst David Tarantino maintains Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) with a Outperform and raises the price target from $390 to $405.

Baird Maintains Outperform on Wingstop, Raises Price Target to $405

Stephens &amp; Co. analyst Jim Salera maintains Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) with a Overweight and raises the price target from $425 to $456.

Stephens & Co. Maintains Overweight on Wingstop, Raises Price Target to $456

Wedbush analyst Nick Setyan maintains Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) with a Outperform and raises the price target from $400 to $425.

Wedbush Maintains Outperform on Wingstop, Raises Price Target to $425

TD Cowen analyst Andrew Charles maintains Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) with a Buy and raises the price target from $410 to $430.

TD Cowen Maintains Buy on Wingstop, Raises Price Target to $430

WIIM

Wingstop shares are trading lower. The company reported Q1 financial results.

TD Cowen analyst Andrew Charles reiterates Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) with a Buy and maintains $410 price target.

TD Cowen Reiterates Buy on Wingstop, Maintains $410 Price Target

Stephens &amp; Co. analyst Jim Salera reiterates Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) with a Overweight and maintains $425 price target.

Stephens & Co. Reiterates Overweight on Wingstop, Maintains $425 Price Target

Wingstop Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) shares are trading higher after the company reported first-quarter FY24 sales growth of 34.1% year-on-year to $145.789 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38547756/wingstop-inc-reports-fiscal-first-quarter-2024-financial-results" rel="noreferrer noopener">beating the analyst consensus estimate of $135.598 million</a>.
System-wide sales increased 36.8% Y/Y to $1.1 billion, Domestic same-store sales increased 21.6% versus last year, and Digital sales jumped to 68.3% of system-wide sales. Domestic restaurant AUVs increased to $1.9 million.
Revenue from royalty, franchise fees, and others rose 39.2% Y/Y, Advertising fee revenue increased 33.9%, and company-owned restaurant sales grew 23.7%.
Total costs and expenses expanded 24.1% Y/Y to $103.1 million. The operating margin was 29.3%, and the operating income for the quarter gained 66.5% to $42.7 million.
Adjusted EBITDA of $50.3 million increased 45.3% Y/Y. Adjusted EPS of $0.98 <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">beat the consensus estimate of $0.76. </a>
Wingstop held $119.7 million in cash and equivalents as of March 30. There were 2,279 Wingstop restaurants system-wide, including 1,974 restaurants in the U.S.
The company&#8217;s board of directors approved a quarterly dividend of $0.22 per share, which will be paid on June 7 to stockholders of record as of May 17.
&#8220;Our domestic AUV exceeded $1.9 million, further strengthening best-in-class returns for our brand partners and is strengthening our development pipeline, which gives us confidence in our ability to scale Wingstop into a Top 10 Global Restaurant Brand,&#8221; said President and CEO Michael Skipworth.
Outlook: Wingstop raised FY24 domestic same-store sales growth outlook to&nbsp;low&nbsp;double digit&nbsp;from the&nbsp;<a target="_blank" href="https://www.benzinga.com//node/37233986" rel="noreferrer noopener">previous mid-single digit.&nbsp;</a>
The company now expects 275-295 global net new units in FY24. Wingstop reiterated guidance for depreciation and amortization <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">of $18 million-$19 million for 2024. </a>
Price Action: WING shares are trading lower by 4.07% at $369.15 at the last check Wednesday.
Photo via Wikimedia Commons

What's Going On With Restaurant Chain Wingstop Shares Today?

Financial&nbsp;Outlook
Based on year-to-date results, the Company is providing updated&nbsp;guidance&nbsp;for 2024:
<ul>
<li>Low double digit domestic same store sales growth;</li>
<li>275 to 295 global net new units;</li>
<li>SG&amp;A expense of approximately&nbsp;$111 million; and</li>
<li>Stock-based compensation expense of approximately&nbsp;$20 million.</li>
</ul>
Additionally, the Company is reiterating&nbsp;guidance&nbsp;for depreciation and amortization of between&nbsp;$18&nbsp;-&nbsp;$19 million&nbsp;for 2024.

Wingstop Expects Low Double Digit Domestic Same Store Sales Growth (Prior Mid-Single Digit Domestic Same Store Sales Growth)

Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) reported quarterly earnings of $0.98 per share which beat the analyst consensus estimate of $0.76 by 28.95 percent. The company reported quarterly sales of $145.789 million which beat the analyst consensus estimate of $135.598 million by 7.52 percent. This is a 34.09 percent increase over sales of $108.721 million the same period last year.

Earnings Beats

Wingstop Q1 2024 Adj EPS $0.98 Beats $0.76 Estimate, Sales $145.789M Beat $135.598M Estimate

A negative sentiment might linger on Wall Street on Wednesday, as evidenced by stock futures, after&nbsp;Advanced Micro Devices, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38534910/amd-investors-pull-back-after-modest-q1-beat-ceo-touts-ai-chip-ramp-up" rel="noreferrer noopener">underwhelming quarterly report</a>, exerting pressure on the tech sector and the broader market. However, the afternoon&#8217;s Federal Reserve interest rate decision and subsequent press conference by Chairman&nbsp;Jerome Powell&nbsp;could be the&nbsp;key&nbsp;catalyst that ultimately determines the session&#8217;s direction.
Despite potential short-term headwinds, some analysts view the April market pullback as a necessary correction after a strong rally, paving the way for renewed momentum in the coming months.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.72%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.43%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.21%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.60%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noreferrer noopener">premarket</a>&nbsp;trading on Wednesday, the&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.41% to $499.92,&nbsp;and the&nbsp;Invesco QQQ ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slumped 0.75% to $421.40, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Previous Session:
Inclement economic data weighed down on the market on Tuesday, as the major averages reversed course, snapping a two-session advance. The employment cost index &#8211; a measure of wage-induced inflation rose more than expected in the first quarter, Chicago region&#8217;s manufacturing activity sunk further into contraction territory and consumer confidence fell below a threshold that demarcates receding and improving sentiment, three separate reports showed.
Bond yields spiked, exerting further downward pressure on stocks.
The averages opened narrowly mixed and moved roughly sideways in early trading. The indices declined steadily through the remainder of the session, ending notably lower for the day. The sell-off was broad-based, with IT, energy, and consumer discretionary stocks serving as big drags.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-2.04%</td>
<td>15,657.82</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-1.57%</td>
<td>5,035.69</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-1.49%</td>
<td>37,815.92</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-2.09%</td>
<td>1,973.91</td>
</tr>
</tbody>
</table>
</figure>
For the month, the indices fell 4.41%, 4.16%, 5.00% and 7.09%, respectively, with the S&amp;P 500 snapping a five-month winning run.
Insights From Analysts:
Powell alone can help lift some of the overhang surrounding the rate outlook and this could be the need of the hour, according to an analyst. Charlie Ripley, Senior Investment Strategist for Allianz Investment Management, said, &#8220;Market sentiment continues to waver on inflation-related data sets,&#8221; said the analyst, adding that data showing a jump in employment costs left an &#8220;unsavory taste in the mouth of investors.&#8221; 
&#8220;The continued realization that sticky service-related inflation metrics are taking a bite out of the Fed's rate-cutting plans has investors on edge for the time being and this is squarely being reflected in the sell-off of both bonds and equities,&#8221; Ripley said.
He expects Powell to help shed some light on the current uncertainty surrounding the path of policy rates.  
Carson Group&#8217;s Ryan Detrick, meanwhile, isn&#8217;t worried about the normally bullish April struggling this year. The S&amp;P 500 Index has been higher for five months in a row heading into it and some type of break was warranted, he said.
&#8220;In fact, we wouldn't be surprised if stocks consolidated for another month or so, working off some of the historic rebound off the late-October lows. We do not expect major weakness, but a break makes sense,&#8221; he added.
Detrick raised the specter of a summer rally, and strength during these six months, given it is an election year and stocks have been strong so far this year.
Upcoming Economic Data:
<ul>
<li>ADP is due to release its private payroll data for April at 8:15 a.m. EDT. Economists, on average, expect the sector to have added 183,000 jobs during the month, flattish with the previous month.</li>
<li>The Institute for Supply Management is scheduled to release its manufacturing purchasing managers&#8217; index for March at 10 a.m. EDT. The consensus estimate calls for a reading of 49.9, suggesting contraction, down from 50.3 in February.</li>
<li>The Labor Department will release the results of its Job Openings and Labor Turnover survey at 10 a.m. EDT, with the average economists&#8217; estimate for job openings at 8.7 million for March, down from 8.8 million in February.</li>
<li>The Commerce Department&#8217;s construction spending report, due at 10 a.m. EDT, will likely show a 0.3% month-over-month increase in spending in March. This compares to a 0.3% drop in the previous month.</li>
<li>The Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>The Fed will release its post-meeting policy statement at 2 p.m. EDT and this will be followed by Powell&#8217;s press conference at 2:30 p.m. EDT.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/best-futures-brokers">Best Futures Brokers</a>
Stocks In Focus: 
<ul>
<li>AMD fell over 6.5% in <a href="https://www.benzinga.com/premarket">premarket trading </a>after the company reported a small first-quarter beat and issued a lukewarm forward guidance. Peer Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and other chip stocks moved in sympathy.</li>
<li> Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) climbed over 2% following its first-quarter results.</li>
<li>Other stocks moving on earnings are Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) (up about 18%), Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) (down over 12%), Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) (down about 13%), and Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) (down about 9%).</li>
<li>Bausch + Lomb Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>), CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), DuPont de Nemours, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>), The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>), Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>), GSK plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>), The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>), KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>), Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), Pfizer, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) and Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">notable companies reporting earnings ahead of the market opening.</a></li>
<li>Notable names reporting after the close are Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>), The Allstate Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), Beazer Homes USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>), C.H. Robinson Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>), Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), Etsy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), Freshworks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>), Kulicke and Soffa Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLIC#NASDAQ">KLIC</a>), Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>), MetLife, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>), MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), NETGEAR, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTGR#NASDAQ">NTGR</a>), Qorvo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>), Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>), Upwork Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>), Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) and Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>).</li>
</ul>
Commodities, Bonds, and Global Equity Markets:
Crude oil futures fell for a third straight session, as the price pulled back toward the $80-a-barrel mark, and gold futures were little changed with a negative bias. An ounce of gold traded for around $2,300.
The 10-year note yield edged up and was around the 4.69% mark.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) pulled back sharply toward the $57K mark.
Most global equity markets remained closed for the Labor Day holiday. The open ones, including Japan, New Zealand, and Australia, settled lower ahead of the U.S. Fed decision.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38481553/will-earnings-cheer-continue-to-buoy-markets-apple-amazon-pfizer-coinbase-lead-flurry-of-q1-reports">Will Earnings Cheer Continue To Buoy Markets? Apple, Amazon, Pfizer, Coinbase Lead Flurry Of Q1 Reports This Week</a>
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Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) has outperformed the market over the past 5 years by 26.97% on an annualized basis producing an average annual return of 38.47%. Currently, Wingstop has a market capitalization of $11.39 billion. 
Buying $1000 In WING: If an investor had bought $1000 of WING stock 5 years ago, it would be worth $5,118.30 today based on a price of $387.87 for WING at the time of writing.
<h3>Wingstop's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714507239_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $5,100 Today

Financial giants have made a conspicuous bearish move on Wingstop. Our analysis of options history for Wingstop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $142,935, and 4 were calls, valued at $266,142.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $280.0 to $460.0 for Wingstop over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Wingstop stands at 127.12, with a total volume reaching 188.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Wingstop, situated within the strike price corridor from $280.0 to $460.0, throughout the last 30 days.
<h3>Wingstop Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714422657_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WING</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$107.4</td>
<td>$106.0</td>
<td>$106.0</td>
<td>$280.00</td>
<td>$159.0K</td>
<td style="text-align: right;">113</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>WING</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$23.1</td>
<td>$22.8</td>
<td>$23.1</td>
<td>$390.00</td>
<td>$57.7K</td>
<td style="text-align: right;">26</td>
<td style="text-align: right;">26</td>
</tr>
<tr>
<td>WING</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$24.5</td>
<td>$24.0</td>
<td>$24.0</td>
<td>$380.00</td>
<td>$48.0K</td>
<td style="text-align: right;">307</td>
<td style="text-align: right;">32</td>
</tr>
<tr>
<td>WING</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$98.8</td>
<td>$96.5</td>
<td>$98.8</td>
<td>$290.00</td>
<td>$29.6K</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">3</td>
</tr>
<tr>
<td>WING</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$39.0</td>
<td>$37.0</td>
<td>$37.0</td>
<td>$400.00</td>
<td>$29.6K</td>
<td style="text-align: right;">37</td>
<td style="text-align: right;">8</td>
</tr>
</tbody>
</table>

<h3>About Wingstop</h3>
Founded in 1994 in Garland, Texas, Wingstop is a restaurant operator specializing in indulgent bone-in and boneless chicken wings, chicken tenders, fries, and, recently, chicken sandwiches. The firm's footprint has grown quickly since its inception, reaching north of 2,200 global stores at the end of 2023, rendering Wingstop the 31st-largest restaurant brand in the U.S. by system sales, according to Euromonitor data. With a 98% franchised model, Wingstop generates the lion share of its revenue from franchise royalties and advertising fees, with the remainder derived from a small footprint of company-owned stores.
After a thorough review of the options trading surrounding Wingstop, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Wingstop</h3>
<ul>
<li>With a volume of 715,464, the price of WING is up 0.59% at $384.82. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 2 days.</li>
</ul>
<h3>What Analysts Are Saying About Wingstop</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $346.8.
<ul>
<li>An analyst from Truist Securities persists with their Hold rating on Wingstop, maintaining a target price of $307. </li>
<li>Reflecting concerns, an analyst from TD Cowen lowers its rating to Buy with a new price target of $410.</li>
<li>Reflecting concerns, an analyst from TD Cowen lowers its rating to Buy with a new price target of $410.</li>
<li>Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Wingstop, targeting a price of $315. </li>
<li>An analyst from Truist Securities persists with their Hold rating on Wingstop, maintaining a target price of $292. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Wingstop options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

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Wingstop Stock (NASDAQ:WING), Short Interest Report

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