WINGSTOP INC.
In the published model solve dated 2026-Q2, anchored at $123.77, WINGSTOP INC. (WING) is priced for +15.8% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Wingstop is almost entirely a franchisor, with about 98% of restaurants operated by franchisees [Source: FY2025 10-K, accession 0001636222-26-000008], and its growth engine is unit count: 97 net new openings and 17% unit growth in the first quarter of 2026 [Source: Q1 2026 earnings release, April 2026]. • The biggest risk is the gap between the price and the demand trend: domestic same-store sales fell 8.7% on lower transactions amid consumer spending pressure, even as the price embeds years o
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387 institutional managers reported holding WING in 13F filings for the quarter ended 2026-03-31. 71 opened new positions that quarter. Held by BlackRock, Vanguard Group, FMR (Fidelity), among others. On the short side, 4.4M shares were sold short as of the 2026-06-15 count, about 16% of shares outstanding (3.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
WING has cut its share count 7.6% over the past five years, spending $740.44M on repurchases. It pays a dividend, and has paid one every year in our records (11 and counting), raised 2 years straight; the current rate is $1.14 a share annually. Cash returned over the past three years: $82.82M in dividends and $740.44M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at WING over the trailing three years. Absence is a fact about the company, not a signal. 19 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
WING's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-04 | +4.1% | -10.4% |
| 2023-08-03 | -1.7% | +10.5% |
| 2023-11-02 | +8.7% | +22.4% |
| 2024-05-02 | -0.8% | +9.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
WING's latest 8-K filings: 2026-08-06 (items 5.02); 2026-07-29 (items 2.02, 8.01, 9.01); 2026-05-22 (items 5.03, 5.07); 2026-04-29 (items 2.02, 8.01, 9.01); 2026-03-11 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.