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It's been a rough start to 2025 for restaurant chains Cava Group (CAVA -0.34%) and Wingstop (WING -0.74%), with both stocks down around 24% and 21%, respectively (as of March 31).
Market downturns can create rare chances to buy strong businesses at a discount. One such opportunity might be Wingstop (WING -2.24%), which has seen its stock price tumble 47% from its June 2024 peak.
In 2024, restaurant company Wingstop (WING -2.24%) did something for the 21st year in a row: Sales went up at domestic restaurants that had been open for at least a year. To be more specific, domestic same-store sales were up a whopping 19.9% year over year, which is a number so good that it's staggering.
Wingstop (WING 0.24%) locations sell chicken wings, as its name implies. It has been a very strong growth story, noting that revenue rose a massive 36% in 2024.
Wingstop (WING) closed at $220.37 in the latest trading session, marking a +0.13% move from the prior day.
In the latest trading session, Wingstop (WING) closed at $220.08, marking a -1.14% move from the previous day.
The retail sector is gigantic, and there are always companies on the rise even as there are companies that have started to fall. Some interesting examples today include Wingstop (WING 3.72%), Walgreens (WBA 0.36%), and Dollar General (DG -0.46%).
Wingstop (WING 3.72%) is riding the popularity of chicken wings as it aggressively expands its restaurant concept. While growth is the name of the game for the company, there's a subtle, but important, trend that's also helping to propel its success.
The stock market correction hasn't gone on very long, but there are more than a few growth stocks that are well off their highs.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?