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Wingstop | Rare Demand Signals Behind the Epic Rally

By:
Lucas Downey
Published: Mar 17, 2024, 11:32 GMT+00:00

Wingstop Inc. (WING) is flying, up 35% in 2024. One proprietary indicator reveals a powerful demand tailwind.

New York, Nasdaq on Display, FX Empire

In this article:

Wingstop is on the Big Money Radar

Institutional volumes reveal plenty. For 6-months, WING has enjoyed heavy Big Money buying, which we believe to be institutional accumulation.
Each of the 11 green bars signal unusually large volumes in WING shares, pushing the stock higher:

Source: www.mapsignals.com

Plenty of discretionary names are under accumulation right now. But when you dive into the fundamentals, there’s a powerful tailwind going on with Wingstop.

Wingstop Fundamental Analysis

Institutional support coupled with a healthy fundamental backdrop makes this company worth investigating. As you can see, WING has had positive sales & EPS growth in recent years:

  • 3-year sales growth rate (+22.9%)
  • 3-year EPS growth rate (+46.2%)

Source: FactSet

EPS is estimated to ramp higher this year by +22.4%.

Now it makes sense why the stock has been powering to new heights. WING is gaining due to the forward earnings picture.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long-term.

Wingstop has recently been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report numerous times. The blue bars below shows when WING was a top pick…cutting through the noise.

Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the superstars. Money flows often reveal tomorrow’s leaders…today.

Wingstop Price Prediction

The WING rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds a long position in WING at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.

About the Author

Lucas Downeycontributor

Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.

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