What smart money is saying about Wingstop
3 funds in our archive have pitched Wingstop — most recently Platinium AM in June 2025.
Wingstop Inc., together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. As of December 25, 2021, the company had 1,695 franchised restaurants and 36 company-owned restaurants in 44 states and 7 countries worldwide. Wingstop Inc. was founded in 1994 and is headquartered in Addison, Texas.
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Position history
Between Q1 2025 and Q2 2026, 3 fund letters reported a position in Wingstop — 2 opened or added to the position, 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 2 | 2 | 0 | 0 |
| Q1 2026 | 1 | 0 | 1 | 0 |
| Q2 2025 | 0 | 0 | 0 | 2 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Fund activity · 3 positions · 3 moves
- New positionBaron Small Cap FundJune 2026
“Wingstop Inc. was a previous successful investment that remains a best-in-class franchisor with stellar unit economics and long growth runway.”
Wingstop - June 2026
“Wingstop Inc. was a previous successful investment that remains a best-in-class franchisor with stellar unit economics and long growth runway. We are investing again in this high-quality “fallen angel” at what we think is a meaningfully discounted valuation.”
Wingstop - March 2026
“Wingstop Inc., a franchiser and operator of chicken wings-focused restaurants, retreated -35%. While fourth-quarter comparisons were better than feared, underlying trends softened. This can be attributed to economic challenges faced by lower-income consumers, including high gasoline prices. We decided to trim back the position.”
Wingstop
Fund coverage · 3 theses
- Platinium AMJune 2025
Wingstop is a fast-casual restaurant chain focused on flavorful chicken wings with a simple menu, offering strong store productivity and growth potential.
Read the full thesis - Artisan Global Discovery StrategyJune 2025
Wingstop is an undervalued franchise poised for growth through domestic and international expansion, menu innovation, and strong brand partnerships.
Read the full thesis - Polen US Smid Company GrowthMarch 2025
Wingstop is an attractive investment due to its strong unit economics, growth potential, digital innovation, and customer loyalty, especially after a recent stock pullback.
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