3 models fit Wingstop Inc. Common Stock and they agree: 3 of 3 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)
Valued as a growth company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinionWingstop Inc. Common Stock (WING)
Fair value (3 models)
$77.62
ACCE price target
$135
Rating
Overvalued
Horizon
12 months
Fair value published on 21 Oct 2026, 12:04 CEST; previously $69.46 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 12:04 CEST.
Price used: $120 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
54.0% above
-35.1% to fair value
ACCE score
46
out of 100
Analysts
79% buy
28 covering
P/E
28.3x
forward 22.6x
1-year return
-53.9%
Dividend yield
1.09%
Wingstop Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Wingstop franchises and operates chicken wing restaurants, earning most of its revenue from royalties and franchise fees on a system that is overwhelmingly company-unaffiliated, which keeps capital needs light and lets operating margin sit near 30% (29.8% in the data). The structural edge is its asset-light model and a single, narrow menu that travels well into drive-thru and digital ordering, though the 6.4% revenue growth rate is well below the high-teens pace the brand posted in its expansion years, so the story now rests on unit growth rather than same-store momentum. The near-term catalyst to watch is the pace of new openings and whether digital and drive-thru traffic holds up in a softer consumer environment. At a trailing P/E of 31.0 against a forward P/E of 18.2, the market is pricing in a meaningful earnings recovery or acceleration, which makes the next few quarters of comparable sales and margin delivery the real test. The 46/100 score and absence from any major index argue for treating this as a name that needs a deeper look before it earns a place in the book.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Heavy short interest
Short interest is 18.5% of shares, a high level that signals sustained bearish positioning and raises the risk of sharp, volatile price swings.
moderate
Revenue growth slowing
Revenue grew 6.4% year over year against a 22.9% five-year CAGR, a sharp deceleration that the earnings growth of 19.8% does not fully offset.
moderate
Thin momentum score
The momentum component scores 17/100, the weakest of the four pillars, and the overall ACCE score of 46 remains below the midpoint despite a recent 14-point rise.
AI research notes
AI-assisted·How I use AIWritten Oct 14, 2026 · figures from 2026-10-11 · prices to Oct 23, 2026
Why it could do well
Analysts are strongly positive, with 82% (23 of 28) rating the stock Buy or Strong Buy.
Free cash flow over the last 12 months reached $106M, and the share count fell 4.5% last fiscal year.
The latest quarter beat expectations, with earnings per share of 1.18 against 1.02 expected, a 15.7% surprise.
Why it could disappoint
Consensus fair value of $70.73 sits 43.8% below the $125.76 share price, across all three valuation models.
Revenue grew just 6.4% year over year, far below the 22.9% annual average over five years.
The trailing P/E of 30.0x is well above the sector median forward P/E of 17.5x, and the forward P/E is 18.2x.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Oct 28, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where WING's valuation models land
Price
$119.54
Model fair value
$77.62
Model range
$68.39 to $84.91
Fair value $77.62
Price $120
The price is above the whole model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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+Conviction breakdown and growth / value / quality / momentum scores