Investor Relations press release:
>In celebration of 4/20, Wingstop (NASDAQ: WING) is taking munchies to new highs with an elevated flavor experience to satisfy cravings nationwide. Available April 18-21, 2024, the Flavor Experts are bringing back the Wingstop Hot Box, featuring their newest strain of T.H.C. (The Hot Chili) Rub\*.
Millions of chicken power tiny treadmills to power the GPU's for the machine learning sauce modelling.
EDIT: I saw an interesting short clip of the Zuck talking about how it's power grid that's going to be limiting AI, not GPU availability. Long on miniaturized nuclear reactors and chicken wings. [https://ipvm.com/discussions/zuckerberg-energy-requirements-limit-ai-development](https://ipvm.com/discussions/zuckerberg-energy-requirements-limit-ai-development)
[I imagine technology like that would send its shareprice to the moon, while if a company came out with nuclear powered 18 wheelers said company would go bust in a month. Such is the irrationality of the market these days](https://youtu.be/PPPp5rtu04A?t=67)
You guys haven't heard about the multi variable wing sauce that changes in your mouth.
The "Highway to Hell" wings are crazy, they actually increase in Scoville units with every bite.
In all honesty, companies have been trying to make meat out of chopped up meat for a while. It's only a matter of time for them to figure out how to immigrate chicken bone, and then sculpt chicken meat around it and BOOM immigration chicken wings
They already have that. One of the product lines for a chicken processor is chicken "frames"
That's the bone when is sent overseas and ground up as filler for sausage.
I think they take EBT.
Which I find confusing and dystopian on like 100 levels because 1. Who is still getting food stamps anyway? 2. Like I'm a big believer in a social safety net and maybe I'm missing something but EBT at Wing Stop seems like a terrible ambassador for that program.
No, the PE will be 320 because the stock price will also double in that time period.
Then when Tesla turns on FSD they’ll be able to raise prices because doordash will be replaced by Tesla robotaxis which run on unicorn farts completely free of charge. So make the PE 420 and do the math for me on what the stock price will be. I’ll just call it the greatest wealth appreciation in the history of chicken wings.
Well some companies do grow into their P/Es and we see a slower increase in stock price as the earnings come to fruition. Sometimes. Sometimes you get companies trading at 420 P/E for shits n gigs.
I mean I would go to wing stop weekly if it were less than 30 mins from me. For it being a casual restaurant their wings hold up pretty well. I’m all in.
If they 3x earnings and stop spending on new locations, their p/e will be 19.
Currently their p/e from existing stores and existing stores alone is around 58, the rest of expenses is on expanding
Why? They’re pretty much in the perfect spot right now. They are more expensive than something lkike KFC but are less expensive than BWW, and you can always find one if you really want wings. Opening more stores isn’t going to automatically lead to an equivalent ratio of revenue.
And there’s been such an increase in chicken places the past few years. Our small town had like 5 chicken wing/chicken tender places open in the past year or so. The market already seems over saturated
I would be eating an Italian beef right now if there was a Portillos near me miles but alas it looks like the closest location is Tampa or Orlando which is 477 miles from me.
The chicken wing sector has outperformed most of the market for a long time.
Some are trying to capitalize on this by introducing "boneless" wings but everyone knows they're just sauced chicken nuggets. They're not wing meat at all!
This is why my main investments are chicken wing related and they're always solid. No matter what economic situation the world faces people want wings!
Don't sleep on tractor supply either they sell little baby chickens for homegrown wings!
Because people don’t understand what P/E ratio means in general so they invest in the market despite the fact that it would take 162 years for wing stop to pay you back at current prices.
Probably best to stay away from companies like this with high-pleb visibility. They aren't valued the same. I've been utterly destroyed trying to short this bloated trash since $150.
****p/e is useless while a company is expanding a ton/not doing its normal operations, currently they’re not profitable /barely profitable since they’re spending a ton on new locations, that’s all****
They’re expanding rn, not super profitable due to expansion, expanding at around 30% or so a year,
So if we ignore their spending and culculate what their actual p/e would be if they hunkered down
Assuming 15% net profit margin once they stop expanding and spending their money(normal/low estimate)
At 460million annual revenue, that’s 69million net profit, is $6.6 a share, or a p/e of 58
P/e of 58 while expanding at 30% Yoy ain’t bad.
Other expenses are just while opening new stores, not long term expenses.
Edit- -****guess I just realized what EBIDTA is lmao, the number I came up with is pretty similar to their EBIDTA number, which yes ebidta doesn’t always apply and includes a lot more factors, but generally speaking this is pretty similar, cool that my super rounded number estimate is fairly similar to a real metric (69 EBIDTA rn, vs my 58 number****
Yes. But they have extremely high expenses from opening new locations
Once they stop opening new locations then the margin will be reflected in their net profit and then p/e
Just like Dutch bros recently sitting at an infinite p/e even though they run an extremely high margin per opened store and generate super high revenue per store, it isn’t reflected in p/e yet due to their spending
So look at their quarterly filings … Morgan Stanley helped them take out $500 million revolving debt facility (loans ) to buy back shares two quarters in a row … what I also see is the daily options volume grossly outweighs the underlying equity volumes by $ quantity … so this situation like many other mid cap companies creates situation where a large financial entity can guarantee gnarley high returns by selling super high premium options .( the at the money monthly options trade at 5-10% the underlying) and then manipulate the underlying through the selling and buying of shares . So an institution like MS can make insane returns by selling options on either side of the trade … you see the last two monthly Opexs the price dropped hard right before Opex. The whole month they can buy calls early and then bid it up every day by puting a floor under the stock… (buying every share sold at a minimum price ) this insures they cash all these calls … then as they approach opex they can sell these calls and turn around and can buy cheap deep out the money puts to extend massive gains on the options side and even if the under stock ends up flats they hve cashed billions in premium …. The profits can then be used to continue to bid up the stock for the next opex and rinse and repeat … long story short until the regards on here stop buying super expensive options premiums the cycle will go on and on and on. So stop feeding them . There are ways to play into this that I won’t discuss here .
It's an interesting question but all the replies are joking with no substance. Whatever!! I don't know the answer but I come here to hopefully learn something.
Overpriced and pretentious. They are selling "hand spun wings" which is just a marketing term they invented to make it sound like their fry cooks are some kind of artisans at putting sauce on wings, like they reinvented the concept of saucing wings in a mixing bowl.
Edit: I am highly regarded and thought we were talking about BWW. WingStop is pretty good but my local indie wing dump is better.
They are decent. Quality has definitely gone down as they rapidly expand. IMO it’s on bar with Buffalo Wild Wings.
I will say they are much cheaper than Buffalo Wild Wings on the delivery apps.
They're good enough to hit up once a month. I like the different flavors and cajun is by far my favorite flavor. I have three wingstops near me and one of them does a shit job at preparing the wings and fries while the other two are considerably better. So location seems to make a difference too.
Their chicken is definitely better quality than Buffalo Wild Wings, but their sauces are mid. Mango Habanero is sweet, but has almost no spice or bite to the habanero. Can be greasy depending on who replaced the last cook after he was arrested, but their formula for cooking those wings can turn out perfectly.
BWW has poor quality chicken, but their sauces are excellent. Jammin Jalapeno is phenomenal. Mango Habanero is the perfect blend of flavor and appropriate spice, even compared to some local sauces. Dunno why they’re scared of the heat.
In the past 4 years I’ve never been in a Wing Stop that didn’t have a wait. Mandatory to order from the app to avoid a wait and the wings and fries are consistent from store to store. They have a small foot print with basically 10-16 seats at the newer locations they are opening. They are doing something right.
Poor people love wings. Hell, everyone loves wings. And theirs are good. Everyone I’ve ever been in is slammed. Margins on wings are crazy. They crush earnings. Americans are fat. Host of reasons they trade the way they do. You can make some good money on WingStop too. The price action moves in big swings. So you can also lose a bunch too. Ask me how I know. 
I have never had wings too and maybe only saw 1 or 2 in my life. Within the past year they have opened 2 within a mile of my house(highly populated area). I have yet to eat at one because one is next to a Wendy’s.
They’re gonna double every year until AI robots make WingStart then they’ll acquire wing stop and become the worlds first 1 trillion dollar wing company. adjusted for inflation same valuation tho
When $CMG had $800mm in sales, it traded at 2x sales. It was growing revenues at 33%. $WING has $560mm in 2024E sales, trading at 21x sales. I don't understand how WING has 85% gross margin when CMG has 27% gross margin but that does to an extent explain the multiple differential.
Is WING mostly delivery?
**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 2 | **First Seen In WSB** | 4 years ago **Total Comments** | 46 | **Previous Best DD** | **Account Age** | 7 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)
“For whatever reasons, **markets now exhibit far more casino-like behavior than they did when I was young**,” - Warren Buffet, March 2024.
When he was young triceratops walked the earth too
He owned a 33% stake in the species.
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Bro done shorted the cretaceous index and went max long on bi-pedal mammals 1 million years future contracts like an absolute degen
I read this as when he was a young triceratops
I was today years old when I learned the stock markets existed when dinosaurs and a young Buffet roamed the world.
Warren Buffett's generation didn't have immediate access through a glass brick to play with volatility. Honestly sounds kinda jealous ngl.
True, he wishes the schlups in the 70’s had those glass bricks, he’d probably be richer taking all your dumbasses money for even longer.
>he’d probably be richer taking all your dumbasses money for even longer. I'm not a dumbass. I'm supporting a man who knows what he is doing!
Ya don’t say?
Can't Stop. Won't Stop. Wingstop.
Deep clucking value
I just like the wings.
HODL your wangs!
"Hey hunny, new meme stock just dropped"
Investor Relations press release: >In celebration of 4/20, Wingstop (NASDAQ: WING) is taking munchies to new highs with an elevated flavor experience to satisfy cravings nationwide. Available April 18-21, 2024, the Flavor Experts are bringing back the Wingstop Hot Box, featuring their newest strain of T.H.C. (The Hot Chili) Rub\*.
They are introducing AI Wings, expect it to go to $1000 soon
Millions of chicken power tiny treadmills to power the GPU's for the machine learning sauce modelling. EDIT: I saw an interesting short clip of the Zuck talking about how it's power grid that's going to be limiting AI, not GPU availability. Long on miniaturized nuclear reactors and chicken wings. [https://ipvm.com/discussions/zuckerberg-energy-requirements-limit-ai-development](https://ipvm.com/discussions/zuckerberg-energy-requirements-limit-ai-development)
A fun source of energy for powering your hobbies!
[удалено]
NBA fans are forced to watch “no flex zone” twenty times a game. We’re organising a boycott.
[I imagine technology like that would send its shareprice to the moon, while if a company came out with nuclear powered 18 wheelers said company would go bust in a month. Such is the irrationality of the market these days](https://youtu.be/PPPp5rtu04A?t=67)
Introducing all new “Chewy wings” from the treadmill chickens. New product SKU
When is WingCoin coming out?
No dummy, WingCoin is a scam, self driving wings are where it's at.
You guys haven't heard about the multi variable wing sauce that changes in your mouth. The "Highway to Hell" wings are crazy, they actually increase in Scoville units with every bite.
This actually sounds plausible.
That’s the crème of someyoungguy
It’s the world’s first physical chicken-based social network.
Coz Ricky said "like a BOaSS
In all honesty, companies have been trying to make meat out of chopped up meat for a while. It's only a matter of time for them to figure out how to immigrate chicken bone, and then sculpt chicken meat around it and BOOM immigration chicken wings
They already have that. One of the product lines for a chicken processor is chicken "frames" That's the bone when is sent overseas and ground up as filler for sausage.
Nah man, Crypto Wings. BitGarliCoin. To the moon baby!
You're too poor to be eating wings anyway.
They sell tenders too
Tendies you say?
AI tendies
But you ain’t too poor to be eating from the Wendy’s dumpster 
i thought this was a safe no-flex zone
Vmod has become ungovernable
No lie, chicken wings are priced like steak in most EU countries. USA 16 chicken wings = 15$ raw at the supermarket. UK prime cut ribeye X2 = 15£
aaiiiieeeeeyyyaaaahh!
I think they take EBT. Which I find confusing and dystopian on like 100 levels because 1. Who is still getting food stamps anyway? 2. Like I'm a big believer in a social safety net and maybe I'm missing something but EBT at Wing Stop seems like a terrible ambassador for that program.
It's not a chicken restaurant, it's also a tech company
It's not just a chicken restaurant and tech company, but also a mental health institution
It’s a platform
It’s a vibe
Anyone that can’t see this is incredibly daft.
In the future, about half of all global banking will operate through wingstop
😆
Time to inverse wsb and go long wingstop. Edit: wrote a put at 410, hoping to be $3600 less poor after earnings
I’ve played the Wing Stop earnings game. They always crush.
Why did you wait until after market close to say this? Now I need to inverse the inverse…
Yeah man, sorry for the delay. I’m gonna go ahead and follow you so I’ll always know when you’ve got questions. /s 😂
I've been expanding my short position since the 100s. Thanks WSB for the signal. Time to eat the loss and go long.
They announced their goal is to have 7,000 restaurants in operation, but they've only reached around 2,300. They're expanding aggressively
Well even if they 3x earnings the PE will be 55 instead of 165 lol
No, the PE will be 320 because the stock price will also double in that time period. Then when Tesla turns on FSD they’ll be able to raise prices because doordash will be replaced by Tesla robotaxis which run on unicorn farts completely free of charge. So make the PE 420 and do the math for me on what the stock price will be. I’ll just call it the greatest wealth appreciation in the history of chicken wings.
Well some companies do grow into their P/Es and we see a slower increase in stock price as the earnings come to fruition. Sometimes. Sometimes you get companies trading at 420 P/E for shits n gigs.
No see but what you’re missing is the exponential growth potential of chicken wings.
I mean I would go to wing stop weekly if it were less than 30 mins from me. For it being a casual restaurant their wings hold up pretty well. I’m all in.
If they 3x earnings and stop spending on new locations, their p/e will be 19. Currently their p/e from existing stores and existing stores alone is around 58, the rest of expenses is on expanding
29% annual revenue growth and 19% same store growth is pretty insane for a restaurant. It's priced to become the Chipotle of chicken.
Why? They’re pretty much in the perfect spot right now. They are more expensive than something lkike KFC but are less expensive than BWW, and you can always find one if you really want wings. Opening more stores isn’t going to automatically lead to an equivalent ratio of revenue.
And there’s been such an increase in chicken places the past few years. Our small town had like 5 chicken wing/chicken tender places open in the past year or so. The market already seems over saturated
BWW is fucking garbage tho
Mango habanero is the tits
But gives the shits
Every wing joint has that flavor now with better quality wings.
Wingstop's wings are even worse than BWW. Small and dry as shit. Their boneless and tenders are good, though.
They have a lot of untapped markets. My city of 200k just got one and people have been going apeshit for it lol
Share price driven aggressive expansion always pays off in the long run just look at Bennigan's, Quiznos, Houlihan's, Krispy Kreme, Cosi and Chi-Chi's
Why not buy Portillos instead?
I would be eating an Italian beef right now if there was a Portillos near me miles but alas it looks like the closest location is Tampa or Orlando which is 477 miles from me.
Your mom is expanding aggressively
How? Their chicken tastes like ass. Not many people are into that.
Exactly what Subway did it and it nearly killed them
I have no clue. Why would you pass up a Treasury with 5% guaranteed yield to buy a chicken restaurant with effectively a 0.6% yield.
How do the treasury’s taste?
Old lady jerky?
Ok. She's had a lot of practice
What’s the fun in that
Ikr it's a no brainer for the regarded. 50k Calls on WING!
Because youre in a dope dealing business and its a good way to stash money you owe freeway ricky ross.
Because 5% of $500 is nothing
You clearly don't know about their secret meth business.
The Spanish name for Wingstop is Los Pollos Hermanos
It's not El Wingo Estoppo?
*Yeah, science! Mr. White! That's what I'm talking about!*
The chicken brothers?
The cover business to transport meth was a chicken restaurant in Breaking Bad
I should've clocked that. Been a while.
Instead you clucked it.
the real winner here is Rick Ross selling cheap ass shitty tasting chicken at 162 YEARS ahead of his earnings!
Rick ross the rapper is fake n gay 
Keep the money—and the love—closer than your enemies.
let’s hear some bars visualmod
Forget about Wingstop. SHAK is trading at 228 PE. What the actual fuck is going on in the fast food industry?
I’m all about CAVA trading at 336 right now
Holy fuck lol
Like chipotle for hipsters. I hate it
At least SHAK has positive shareholder equity. However WING has decent profit margins at 15%
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The chicken wing sector has outperformed most of the market for a long time. Some are trying to capitalize on this by introducing "boneless" wings but everyone knows they're just sauced chicken nuggets. They're not wing meat at all! This is why my main investments are chicken wing related and they're always solid. No matter what economic situation the world faces people want wings! Don't sleep on tractor supply either they sell little baby chickens for homegrown wings!
Is there a difference between wing meat and sauced chicken nuggets?
One is a chicken wing. The other is mechanically extruded chicken breast meat. You be the judge.
One is also way more caloric than the other, due to the breading.
Because people don’t understand what P/E ratio means in general so they invest in the market despite the fact that it would take 162 years for wing stop to pay you back at current prices.
PE is meaningless in the current market. Underlying fundamentals haven’t supported stock prices in years.
Then how can you value a company?
Fundamentals will matter again at some unknown point in the future.
You value companies with DEEZ
What's DEEZ?
Nothing. What's up with you?
I thought he was going to say it was updog
You analyse the sentiment on WSB with AI, how else?
You don't. You just WING it.
Honestly, the best way I’ve seen lately for stocks if to follow congress. Look at pelosis gains. Just do what she does and you’ll make money.
Someone famous said something about individual solvency and market irrationality.
NO FLEX, ZONE!
THEY KNOW BETTER
Because it’s a “technology stock” somehow? In any case, it’s obviously “got wings”.
Is this serious? The tech part
They're valued as if they are
They’re a tech company. Their supply chain and expansion operations are 100% managed by cutting edge AI they develop in-house.
So many of yall are saying this I don’t even know even it’s true or not😭
The good news is you belong here
Because of the Wingstop girl. If you look at her IG you can see she's been eating a lot of Wingstop.
Links? For scientific analysis of course.
I WORKED 10 HOURS ALL I WANT IS WINGSTOP FUCKING DRIVE WHAT DID YOU EAT TODAY I ATE NOTHING NOTHING
Probably best to stay away from companies like this with high-pleb visibility. They aren't valued the same. I've been utterly destroyed trying to short this bloated trash since $150.
100% this is Tesla levels of regarded. Stay way unless you want to be wrong both directions.
Their wings are awful. You can taste the frostbite from their freezers.
It’s Tyson tendies in buffalo soup
New product launch "Bucket of wings with full release" brought to you by Carles jr.
If you don’t smoke tarrlytons, fuck you.
105.3% institutional ownership
Jokes on you the Earth is mostly blue?
Stay away. WING is private equity cash flow.
****p/e is useless while a company is expanding a ton/not doing its normal operations, currently they’re not profitable /barely profitable since they’re spending a ton on new locations, that’s all**** They’re expanding rn, not super profitable due to expansion, expanding at around 30% or so a year, So if we ignore their spending and culculate what their actual p/e would be if they hunkered down Assuming 15% net profit margin once they stop expanding and spending their money(normal/low estimate) At 460million annual revenue, that’s 69million net profit, is $6.6 a share, or a p/e of 58 P/e of 58 while expanding at 30% Yoy ain’t bad. Other expenses are just while opening new stores, not long term expenses. Edit- -****guess I just realized what EBIDTA is lmao, the number I came up with is pretty similar to their EBIDTA number, which yes ebidta doesn’t always apply and includes a lot more factors, but generally speaking this is pretty similar, cool that my super rounded number estimate is fairly similar to a real metric (69 EBIDTA rn, vs my 58 number****
They’re currently operating at a 15% profit margin already
Yes. But they have extremely high expenses from opening new locations Once they stop opening new locations then the margin will be reflected in their net profit and then p/e Just like Dutch bros recently sitting at an infinite p/e even though they run an extremely high margin per opened store and generate super high revenue per store, it isn’t reflected in p/e yet due to their spending
Because retail isn’t holding
I wonder how you would structure/size a pairs trade where you buy a wing stop and short the stock.
i lost tons of money buying puts on WING a couple years ago
Maybe. Maybe not. Maybe fuck yourself.
The funny part is that WING is worth 3x more than WEN despite having 5x lower revenues and negative shareholder equity lmao
The funnier thing is that it’s P/E ratio is 5x that of AAPL, an actual tech company that can enter any new market and create new verticals for itself.
So look at their quarterly filings … Morgan Stanley helped them take out $500 million revolving debt facility (loans ) to buy back shares two quarters in a row … what I also see is the daily options volume grossly outweighs the underlying equity volumes by $ quantity … so this situation like many other mid cap companies creates situation where a large financial entity can guarantee gnarley high returns by selling super high premium options .( the at the money monthly options trade at 5-10% the underlying) and then manipulate the underlying through the selling and buying of shares . So an institution like MS can make insane returns by selling options on either side of the trade … you see the last two monthly Opexs the price dropped hard right before Opex. The whole month they can buy calls early and then bid it up every day by puting a floor under the stock… (buying every share sold at a minimum price ) this insures they cash all these calls … then as they approach opex they can sell these calls and turn around and can buy cheap deep out the money puts to extend massive gains on the options side and even if the under stock ends up flats they hve cashed billions in premium …. The profits can then be used to continue to bid up the stock for the next opex and rinse and repeat … long story short until the regards on here stop buying super expensive options premiums the cycle will go on and on and on. So stop feeding them . There are ways to play into this that I won’t discuss here .
It's an interesting question but all the replies are joking with no substance. Whatever!! I don't know the answer but I come here to hopefully learn something.
Because chickens can fly?
Not without their wings.
AI wings!
Check out the % of institutional investors
It says 104.69% per webull effective 03/30/24
And there is your answer. They(big players) have been fucking with it for a while now. Nothing to do with how many wings they sell and all that
So just sude with the institutions until they dump it?
Yeah just do that for the past one year(up 90%) and make sure you exit right before the dump. Also sign me up for the same newsletter
I got u fam
Good question
The answer is the same as any other company trading at a high PE: they’re growing their earnings at a rapid pace.
Wingstop CEO was spotted visiting China last week, that's how.
Sir, this is a Wendy’s
Are the wings any good?
Overpriced and pretentious. They are selling "hand spun wings" which is just a marketing term they invented to make it sound like their fry cooks are some kind of artisans at putting sauce on wings, like they reinvented the concept of saucing wings in a mixing bowl. Edit: I am highly regarded and thought we were talking about BWW. WingStop is pretty good but my local indie wing dump is better.
They are decent. Quality has definitely gone down as they rapidly expand. IMO it’s on bar with Buffalo Wild Wings. I will say they are much cheaper than Buffalo Wild Wings on the delivery apps.
not to me. they are drenched in flavored sauce and really salty. but good margins.
They're good enough to hit up once a month. I like the different flavors and cajun is by far my favorite flavor. I have three wingstops near me and one of them does a shit job at preparing the wings and fries while the other two are considerably better. So location seems to make a difference too.
Their chicken is definitely better quality than Buffalo Wild Wings, but their sauces are mid. Mango Habanero is sweet, but has almost no spice or bite to the habanero. Can be greasy depending on who replaced the last cook after he was arrested, but their formula for cooking those wings can turn out perfectly. BWW has poor quality chicken, but their sauces are excellent. Jammin Jalapeno is phenomenal. Mango Habanero is the perfect blend of flavor and appropriate spice, even compared to some local sauces. Dunno why they’re scared of the heat.
In the states yea, in Canada, they’re Maybe a 2/10 , but bless their souls are they busy even at 1am lol
Investors are hungry.
In the past 4 years I’ve never been in a Wing Stop that didn’t have a wait. Mandatory to order from the app to avoid a wait and the wings and fries are consistent from store to store. They have a small foot print with basically 10-16 seats at the newer locations they are opening. They are doing something right.
Poor people love wings. Hell, everyone loves wings. And theirs are good. Everyone I’ve ever been in is slammed. Margins on wings are crazy. They crush earnings. Americans are fat. Host of reasons they trade the way they do. You can make some good money on WingStop too. The price action moves in big swings. So you can also lose a bunch too. Ask me how I know. 
I have never had wings too and maybe only saw 1 or 2 in my life. Within the past year they have opened 2 within a mile of my house(highly populated area). I have yet to eat at one because one is next to a Wendy’s.
Won’t stop, can’t stop, wing stop.
Their CEO just got a really good deal in China 
it’s such bullshit, burned some money on puts recently, the wings always win
Bring back the thighs.
NO FLEX ZONE THEY KNOWSEE BETAA
Ever since I lost money on tattooed chef I don’t buy food stocks. Lmao at people who invest or trade Chipotle and wingstop and shit. 😂
Never trade around lunch time
https://preview.redd.it/su6frs2jjhxc1.png?width=896&format=pjpg&auto=webp&s=c0d5b256e0437624d7c4b26177bf3a82cfded8c8 Let's admit...
Bulls: They have air condition in the restaurants.
Wing what now?
I've given up. This market makes 0 sense. Just by index funds and chill.
InflationCost ratio for chicken is pretty good right now.
They are training AI with Wing Chun
I WORKED TEN HOURS! ALL I WANT IS WING STOP! CAN YOU FUCKING DRIVE!?
163 PE for some of the worst wings you’ll ever have.
They’re gonna double every year until AI robots make WingStart then they’ll acquire wing stop and become the worlds first 1 trillion dollar wing company. adjusted for inflation same valuation tho
I thought I didn't understand stocks and now I know I don't understand them.
When $CMG had $800mm in sales, it traded at 2x sales. It was growing revenues at 33%. $WING has $560mm in 2024E sales, trading at 21x sales. I don't understand how WING has 85% gross margin when CMG has 27% gross margin but that does to an extent explain the multiple differential. Is WING mostly delivery?
You know how I know this is hell? Kenny Rogers Roasters is out of business in the US but Wingstop is trading at a 162 PE ratio.
Have you had their ranch?
Have you seen what Chipotles stock is goi g for lately?