Opinions Jim Cramer - Mad Money
Wingstop Inc.WINGBUYOct 02, 2024
Jim Cramer - Mad MoneyUnknown
$422.95
Stock price when the opinion was issued
$158.86
As of Nov 13, 2026. Market Open.
food services
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COMMENT
tech analysis by Bob Lang
After a weak year, shares have jumped 74% since last September and broke resistance levels in mid-October. MACD (momentum) is now on a strong buy signal while RSI is above 70 and is overbought. The chart shows higher highs and higher lows. He doesn't care for the stick, but Lang targets $200-250, which would shock him.
food services
BUY
BUY
Late last year, they were the canary in the coalmine for inflation. WING had a few tough quarters as wing costs rose, pushing down shares from $187 in September 2021 to $67 last May. This spring, though, chicken wing costs have plunged. WING had a blow-out quarter in October, soaring over 130% from the May low. There's room to run.
food services
WATCH
It thrived during Covid but shares have plunged 60% from September highs. People think it's a textbook Covid winner, but they built a fine oneline delivery business. The CEO left a few months ago and it has been plagued by inflation. However, chicken wings prices have been *declining* for a while while all else has gone up. If this decline continues there could be an upside surprise.
food services
COMMENT
Reported weak numbers today with a top and bottom line mess, and weak guidance. Shares plunged 10%, and this has slipped since late-September over fears of costly chicken wings and higher wages. But they have a strong long-term track record and faced tough comps. Past reported misses were buying opportunities. Maybe this time too.
food services
In a time of high inflation (easing now), Wingstop kept their menu prices the same while retailers around them raised theirs. This is why Wingstop has enjoyed double-digit gains in its stock, up 65% this year.