Key Takeaways:
- Charlie Morrison, previously the CEO of Wingstop, is taking the helm to guide Jersey Mike's into international territories.
- Analysts are anticipating significant growth for Wingstop Inc (WING, Financial), projecting a notable upside in stock value.
- GuruFocus metrics estimate a substantial valuation increase for Wingstop Inc, highlighting a lucrative prospect for investors.
Charlie Morrison, the former CEO of Wingstop (NASDAQ: WING), is set to lead Jersey Mike's towards a global expansion. Recently acquired by Blackstone (NYSE: BX) for a staggering $8 billion, Jersey Mike's boasts over 2,800 locations and has demonstrated impressive growth. Last year, the sandwich chain recorded a 12% surge in U.S. sales, reaching a considerable $3.7 billion.
Wall Street Analysts Forecast
According to the projections from 23 analysts over the next year, the average price target for Wingstop Inc (WING) is $296.08. The estimates range from a high of $400.00 to a low of $182.82, indicating an average potential upside of 36.83% from the current stock price of $216.39. For detailed forecast data, visit the Wingstop Inc (WING, Financial) Forecast page.
Furthermore, the consensus from 26 brokerage firms assigns Wingstop Inc (WING) an average recommendation of 1.9. This rating suggests an "Outperform" status within a scale where 1 equates to a Strong Buy and 5 to a Sell.
GuruFocus Valuation Insights
GuruFocus's estimates place the projected GF Value of Wingstop Inc (WING) at $398.27 in a year, foreseeing an impressive 84.05% upside from the current trading price of $216.39. The GF Value reflects GuruFocus's assessment of the fair value where the stock ought to trade, deriving from historical trading multiples and anticipated business growth. For further details, please refer to the Wingstop Inc (WING, Financial) Summary page.
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.
