Nasdaq Sell-Off: Is Wingstop Stock Still a Buy?
Restaurant chain Wingstop (NASDAQ: WING) is cheaper than it has been, but it is not a cheap stock. With the Nasdaq Composite (where Wingstop's shares trade) in correction territory, is it now time to buy this still fast-growing restaurant chain? Here's a look at what is a very difficult question to answer.Wingstop, as its name suggests, specializes in selling chicken wings -- a popular food item. Meanwhile, its shares have had quite a ride. The stock's price-to-earnings ratio is around 57 right now. Given that the S&P 500 index's P/E ratio is only about 27.5, Wingstop looks relatively expensive. However, the stock has fallen by around 50% from its highs in September 2024.Continue reading
Restaurant chain Wingstop (NASDAQ: WING) is cheaper than it has been, but it is not a cheap stock. With the Nasdaq Composite (where Wingstop's shares trade) in correction territory, is it now time to buy this still fast-growing restaurant chain? Here's a look at what is a very difficult question to answer.
Wingstop, as its name suggests, specializes in selling chicken wings -- a popular food item. Meanwhile, its shares have had quite a ride. The stock's price-to-earnings ratio is around 57 right now. Given that the S&P 500 index's P/E ratio is only about 27.5, Wingstop looks relatively expensive. However, the stock has fallen by around 50% from its highs in September 2024.
