Wingstop Is Cooking, But Valuation Seems Well-Done, UBS Says -- Market Talk

Dow Jones05-03

1446 ET - In wake of Wingstop's better-than-expected 1Q, UBS analysts say in a research note that the chicken-wing chain's strong momentum is largely priced into the stock. Wingstop has done remarkably well this year, even as consumers remain cautious and wing costs are up 92% on the spot market. With the latter headwind, Wingstop was still able to hold its costs in line with expectations, due to effective supply chain maneuvering and selling more boneless products. With all that said, Wingstop shares are up nearly 50% this year and more than 91% over the last year. "We're looking for a better opportunity to get more constructive," the analysts say. Wingstop falls 0.6% to $381.68. (paul.ziobro@wsj.com; @pziobro)

(END) Dow Jones Newswires

May 02, 2024 14:46 ET (18:46 GMT)

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With all that said, Wingstop shares are up nearly 50% this year and more than 91% over the last year. \"We're looking for a better opportunity to get more constructive,\" the analysts say. Wingstop falls 0.6% to $381.68. 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Wingstop has done ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4209","symbol_name":"餐馆","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2432934615","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432934615","pubTimestamp":1714675560,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1446 ET - In wake of Wingstop's better-than-expected 1Q, UBS analysts say in a research note that the chicken-wing chain's strong momentum is largely priced into the stock. 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