Wingstop Inc (WING · NASDAQ)

Wingstop shares have fallen 43.2% over three months and sit 65.0% below their 52-week high at $99.07, even as the company beat estimates in all four of its last quarters, including $1.18 versus $1.02 expected for the quarter ended June 30. Fundamentals show revenue up 6.4% year over year to $720.7M TTM with earnings up 19.8%, a 29.8% operating margin, and sequential quarterly revenue growth from $175.7M to $185.6M over the past year. Leverage remains elevated at 5.4x debt/EBITDA on $1.27B of total debt, and free cash flow was negative at -$11.3M last quarter as capex of $18.2M exceeded $6.9M in operating cash flow. The stock trades at a 23.42 P/E against an analyst target of $197.88, with recent momentum indicators weak (RSI 38, 44.7% below the 200-day moving average).