News Image

Is NASDAQ:WING on the Verge of a Major Breakout as a Strong Growth Stock?

By Mill Chart

Last update: Apr 17, 2024

For growth-minded investors, high revenue and EPS growth are key criteria. Today, we'll examine whether WINGSTOP INC (NASDAQ:WING) fits the bill for growth investing, particularly as it forms a base and hints at a potential breakout. Remember, due diligence is essential, but WINGSTOP INC has caught our attention on our screen for growth with base formation. It may warrant additional investigation.

Growth Analysis for NASDAQ:WING

Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. NASDAQ:WING boasts a 8 out of 10:

  • WING shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 35.33%, which is quite impressive.
  • The Earnings Per Share has been growing by 24.28% on average over the past years. This is a very strong growth
  • WING shows a strong growth in Revenue. In the last year, the Revenue has grown by 28.65%.
  • WING shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.60% yearly.
  • WING is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.30% yearly.
  • Based on estimates for the next years, WING will show a quite strong growth in Revenue. The Revenue will grow by 17.37% on average per year.

How do we evaluate the Health for NASDAQ:WING?

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NASDAQ:WING scores a 7 out of 10:

  • WING has an Altman-Z score of 8.59. This indicates that WING is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 8.59, WING belongs to the best of the industry, outperforming 98.51% of the companies in the same industry.
  • With a decent Debt to FCF ratio value of 8.82, WING is doing good in the industry, outperforming 62.69% of the companies in the same industry.
  • WING has a Current Ratio of 2.03. This indicates that WING is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Current ratio value of 2.03, WING belongs to the best of the industry, outperforming 86.57% of the companies in the same industry.
  • A Quick Ratio of 2.03 indicates that WING has no problem at all paying its short term obligations.
  • The Quick ratio of WING (2.03) is better than 88.06% of its industry peers.

Exploring NASDAQ:WING's Profitability

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NASDAQ:WING has achieved a 8:

  • WING has a Return On Assets of 18.58%. This is amongst the best in the industry. WING outperforms 96.27% of its industry peers.
  • WING's Return On Invested Capital of 28.97% is amongst the best of the industry. WING outperforms 96.27% of its industry peers.
  • WING had an Average Return On Invested Capital over the past 3 years of 24.61%. This is significantly above the industry average of 10.32%.
  • The last Return On Invested Capital (28.97%) for WING is above the 3 year average (24.61%), which is a sign of increasing profitability.
  • Looking at the Profit Margin, with a value of 15.26%, WING belongs to the top of the industry, outperforming 85.82% of the companies in the same industry.
  • WING's Operating Margin of 25.63% is amongst the best of the industry. WING outperforms 91.79% of its industry peers.
  • Looking at the Gross Margin, with a value of 84.64%, WING belongs to the top of the industry, outperforming 94.78% of the companies in the same industry.
  • In the last couple of years the Gross Margin of WING has grown nicely.

How do we evaluate the setup for NASDAQ:WING?

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NASDAQ:WING exhibits a 8 setup rating, indicating its consolidation status in recent days and weeks.

Besides having an excellent technical rating, WING also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 370.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 362.34, a Stop Loss order could be placed below this zone.

Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.

Our latest full fundamental report of WING contains the most current fundamental analsysis.

Check the latest full technical report of WING for a complete technical analysis.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.

Back

WINGSTOP INC

NASDAQ:WING (5/24/2024, 7:04:37 PM)

After market: 383.85 -0.04 (-0.01%)

383.89

+2.77 (+0.73%)

WING News

News Image8 days ago - InvestorPlaceWall Street Favorites: 3 Restaurant Stocks With Strong Buy Ratings for May 2024

These restaurant stocks to buy look ready to deliver delicious returns for patient investors. Discover these picks.

News Image13 days ago - ChartmillNASDAQ:WING, a strong growth stock, setting up for a breakout.

Why WINGSTOP INC (NASDAQ:WING) Is a Promising High-Growth Stock in the Midst of Consolidation.

News Image13 days ago - Market News VideoNoteworthy Monday Option Activity: INTC, TGT, WING
News Image15 days ago - InvestorPlaceOffload These Overdue Stocks: 3 to Purge From Your Portfolio ASAP

Offload three stocks to sell now to optimize your portfolio: PTON, with consistent losses; MSTR, tied to Bitcoin; and WING, facing high P/E.

News Image17 days ago - Investor's Business DailySweetgreen, This Year's Fastest-Rising Restaurant Stock, Is Making Another Big Move

Sweetgreen stock rallies to two-year highs after strong revenue growth, hiked outlook.

News Image19 days ago - The Motley FoolFrom Apple to Wayfair: A Lot of Earnings Results to Cover

Whether it's smartphones or soy lattes, consumers are pickier right now. The companies that are keeping things convenient and creating value offerings are winning; the ones that aren't are struggling.

News Image20 days ago - InvestorPlace3 Growth Stocks to Sell in May Before They Crash & Burn

The macroeconomic environment is becoming more challenging. These three growth stocks to sell are in danger going forward.

News Image21 days ago - The Motley FoolShould Investors Take a Bite of McDonald's and Buy the Stock After Its Q1 Earnings Report?

Or could the stock face the same fate as Starbucks in coming quarters?

News Image23 days ago - Investor's Business DailyStock Market Rallies On Fed, Jobs Report, Apple: Weekly Review

The Nasdaq regained its 50-day line Friday. The other indexes hit resistance.

News Image25 days ago - Investor's Business DailyWingstop Glides Onto IBD's Most Stringent, Powerful Stock List. Looking For The Best Stocks To Buy And Watch? Check These Lists

Wingstop, the sole addition to the IBD Sector Leaders list, is increasingly popular for its large wings and various dipping sauces.

News Image25 days ago - InvestorPlaceWING Stock Earnings: Wingstop Beats EPS, Beats Revenue for Q1 2024

WING stock results show that Wingstop beat analyst estimates for earnings per share and beat on revenue for the first quarter of 2024.

News Image26 days ago - Investor's Business DailyRestaurant Chain Sees 20% Same-Store Sales Jump As Industry Group Runs Hot

Wingstop stock has surged 50% in 2024

WING Links
Follow us for more