On National Ranch Day, fans across the country can get a free ranch at Wingstop restaurants. Wingstop's famous ranch is not just a dip; it's a favorite among customers and one of the most discussed items on their menu. To celebrate National Ranch Day, Wingstop is finally responding to years of requests from guests to bottle their beloved ranch.
As Wingstop (WING 0.47%) approaches the 10th anniversary of its IPO in June 2015, loyal investors have much to be happy about, as the stock has increased by an impressive 972%. However, the stock has also experienced some challenges, with shares falling around 46% from their highest point in the last year.
In February, shares of the restaurant chain Wingstop (WING 0.47%) fell by 21.2%, as reported by S&P Global Market Intelligence. On February 19, the company announced its financial results for the fourth quarter of 2024, marking its 21st straight year of growth in same-store sales, which is an impressive milestone.
DALLAS, Feb. 24, 2025 /PRNewswire/ -- Wingstop (NASDAQ: WING) is shaking things up with their new, crispier chicken tenders, which are now available across the country. Chicken tender lovers can forget about plain, ordinary options and enjoy Wingstop's crispy tenders, which are hand-sauced and tossed in one of their 12 exciting flavors, served with the famous ranch dip for a delicious experience.
I am raising my rating on Wingstop stock to "buy" with a target price of $396, indicating a potential increase of 70% after the stock has fallen from its peak due to slower revenue growth. Even with more challenging comparisons, the management believes they can reach $3 million in average unit volume and expand to 10,000 locations worldwide by focusing on digital improvements, brand recognition, and new menu items. Additionally, the company has reported that digital sales now account for 70% of total sales, as they work on personalized offers to boost sales volume and frequency of purchases.
The stock of the fast-growing chicken wing franchise Wingstop (WING -6.77%) dropped by 19% as of 1:50 p.m. ET on Thursday, based on information from S&P Global Market Intelligence.
Wingstop Inc. (NASDAQ:WING) will hold its Q4 2024 Earnings Conference Call on February 19, 2025, at 10:00 AM ET. Key corporate participants include Kristen Thomas, Michael Skipworth, and Alex Kaleida. The call will also feature various conference call participants from different financial institutions.
The financial results for Wingstop (WING) provide an overview of the company's performance for the quarter ending in December 2024. It may also be helpful to compare some important metrics with Wall Street predictions and figures from the previous year.
Wingstop, the well-known chicken wings restaurant, released its Q4 2024 earnings on February 19, 2025. The company reported a diluted earnings per share (EPS) of $0.92, which was higher than the expected $0.86, showing a year-over-year growth of 43.8%.
Wingstop Inc. reported strong financial results for the fourth quarter and the entire fiscal year of 2024, with system-wide sales rising by 27.6% to $1.2 billion in the fourth quarter and 36.8% to $4.8 billion for the year. The company opened 349 new restaurants, leading to a 15.8% increase in total locations, and domestic same-store sales grew by 19.9%. Additionally, net income for the year reached $108.7 million, a 54.9% increase compared to the previous year.