---
title: Wingstop (WING) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/wing
ticker: WING
as_of: 2026-10-27
sector: Consumer Cyclical
industry: Restaurants
---
# Wingstop (WING)

Wingstop (WING) closed at $122.88 on Oct 26, 2026, overvalued by 63% vs its model value of $75.35 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $122.88 (Oct 26, 2026) |
| Model value (from a five-year discounted cash flow) | $75.35 |
| Price vs model | overvalued by 63% vs model |
| Range of that model | $38.73 – $191.21 |
| Market value | $3.3B |
| P/E (fiscal 2025) | 19.8 |
| Net margin (fiscal 2025) | 25.0% |
| Free cash flow (fiscal 2025) | $105.6M |
| Dividend yield (trailing twelve months) | 1.01% |
| Beta | 1.81 |
| Cost of capital (WACC) | 9.26% |
| Business classification | Profitable Growth (High revenue growth (~23% recent), High profitability (25% net margin), Moderately volatile earnings, High leverage (D/E 5.0x)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Worst performing this year | #9 | −49.1% | https://sweetvaluelab.com/lists/worst-performing-this-year |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.01% |
| Dividends per share, last 12 months | $1.23 |
| Dividends / free cash flow (fiscal 2025) | 30.7% |
| Raised | 8 years in a row |
| Growth over 5 years | 14.7% a year |
| Latest payment | $0.33, ex-date Aug 14, 2026, paid Sep 5, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Nov 18, 2021 | $0.62 |
| To Aug 11, 2022 | $4.53 |
| To Aug 17, 2023 | $0.79 |
| To Aug 16, 2024 | $0.93 |
| To Aug 15, 2025 | $1.11 |
| Trailing twelve months (to Aug 14, 2026) | $1.23 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 27, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $75.35 | $38.73 | $191.21 |
| DCF · Perpetuity growth · 10y | cross check | $104.75 | $59.23 | $247.05 |
| DCF · EBITDA exit · 5y | cross check | $142.18 | $93.68 | $199.16 |
| DCF · EBITDA exit · 10y | cross check | $169.87 | $108.48 | $251.42 |
| P/E · peers | cross check | $125.09 | $107.48 | $342.28 |
| P/E · own history | cross check | $495.78 | $342.52 | $635.65 |
| PEG | sanity check | $54.36 | $54.36 | $54.36 |
| EV/EBITDA · peers | cross check | $141.86 | $125.74 | $379.23 |
| EV/Revenue · peers | cross check | $52.16 | $13.32 | $138.42 |
| Earnings power value | cross check | $7.93 | $1.49 | $16.87 |
| Dividend discount | cross check | $12.92 | $10.35 | $18.81 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Aug 24, 2026 | Truppman Jonathan | Chief Legal Officer, Secretary | Grant / award | 2,739 | $0 |
| Aug 24, 2026 | Truppman Jonathan | Chief Legal Officer, Secretary | Grant / award | 1,712 | $0 |
| Aug 6, 2026 | Snowden Jay A | Director | Grant / award | 965 | $0 |
| May 21, 2026 | MCDONALD WESLEY S | Director | Grant / award | 1,131 | $0 |
| May 21, 2026 | Caine Lynn Crump | Director | Grant / award | 1,659 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 25, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/1636222/000162828026058878/wing-20260824.htm |
| Aug 6, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/1636222/000162828026054376/wing-20260806.htm |
| Jul 29, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1636222/000162828026050580/wing-20260627.htm |
| Jul 29, 2026 | 8-K | 2.02 Results of Operations (Earnings); 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1636222/000162828026050401/wing-20260723.htm |
| May 22, 2026 | 8-K | 5.03 Amendment to Articles/Bylaws; 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1636222/000163622226000020/wing-20260521.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Bridgewater | 2026-06-30 | 12,075 | $2.1M |

1 tracked managers in all.

## About

Wingstop Inc., together with its affiliated companies, manages and licenses a network of restaurants known by the Wingstop brand. These establishments are recognized for their made-to-order offerings, including classic bone-in wings, boneless wings, and tenders, all freshly cooked and expertly hand-tossed in a wide array of distinctive sauces. By December 25, 2021, Wingstop's extensive reach encompassed 1,695 independently operated franchise locations and 36 company-owned stores, spread throughout 44 U.S. states and seven countries globally. This enterprise, which was founded in 1994, has its corporate headquarters located in Addison, Texas.

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Source: https://sweetvaluelab.com/stocks/wing (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.