Check Out What Whales Are Doing With WING

Financial giants have made a conspicuous bearish move on Wingstop. Our analysis of options history for Wingstop WING revealed 11 unusual trades.

Delving into the details, we found 36% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $589,540, and 3 were calls, valued at $172,557.

Latest Startup Investment Opportunities:

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $330.0 to $400.0 for Wingstop over the last 3 months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Wingstop's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Wingstop's substantial trades, within a strike price spectrum from $330.0 to $400.0 over the preceding 30 days.

Wingstop 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

About Wingstop

Founded in 1994 in Garland, Texas, Wingstop is a restaurant operator specializing in indulgent bone-in and boneless chicken wings, chicken tenders, fries, and, recently, chicken sandwiches. The firm's footprint has grown quickly since its inception, reaching north of 2,200 global stores at the end of 2023, rendering Wingstop the 31st-largest restaurant brand in the U.S. by system sales, according to Euromonitor data. With a 98% franchised model, Wingstop generates the lion share of its revenue from franchise royalties and advertising fees, with the remainder derived from a small footprint of company-owned stores.

Having examined the options trading patterns of Wingstop, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Wingstop

• With a volume of 317,699, the price of WING is up 0.05% at $339.0.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 65 days.

What The Experts Say On Wingstop

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $323.0.

• Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on Wingstop with a target price of $340.
• Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Wingstop with a target price of $320.
• Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for Wingstop, targeting a price of $275.
• An analyst from Bernstein downgraded its action to Outperform with a price target of $340.
• An analyst from Baird has decided to maintain their Outperform rating on Wingstop, which currently sits at a price target of $340.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Wingstop options trades with real-time alerts from Benzinga Pro.