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Jim Cramer - Mad MoneyWingstop Inc.WINGBUYDec 05, 2022

Late last year, they were the canary in the coalmine for inflation. WING had a few tough quarters as wing costs rose, pushing down shares from $187 in September 2021 to $67 last May. This spring, though, chicken wing costs have plunged. WING had a blow-out quarter in October, soaring over 130% from the May low. There's room to run.

Jim Cramer - Mad Money

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Stock price when the opinion was issued

$162.00

As of Jun 18, 2026. Market Open.

food services

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BUY

Peaked in May and fell back to a degree until it reported last month when it reported better than expected same-store sales and overall higher sales (not due to higher prices, but more customers). They raised their full-year forecast. Still off its May highs, pick up some shares now.

BUY

There are fears of fast food stocks suffering a death cross, heading down, but try getting a franchise from WING. Huge demand for their food.

WATCH

Unlike most food costs, the cost of chicken wings has actually declined.

WATCH

It thrived during Covid but shares have plunged 60% from September highs. People think it's a textbook Covid winner, but they built a fine oneline delivery business. The CEO left a few months ago and it has been plagued by inflation. However, chicken wings prices have been *declining* for a while while all else has gone up. If this decline continues there could be an upside surprise.

COMMENT

Reported weak numbers today with a top and bottom line mess, and weak guidance. Shares plunged 10%, and this has slipped since late-September over fears of costly chicken wings and higher wages. But they have a strong long-term track record and faced tough comps. Past reported misses were buying opportunities. Maybe this time too.

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