Wingstop is a fast casual restaurant concept built around a simple chicken-centric menu. The firm primarily offers bone-in and boneless wings, tenders, and a chicken sandwich, customizable across 12 flavors. The banner generated $5.3 billion in system sales in 2025 across 3,056 units, with 85% located in the US. Wingstop largely operates as a franchisor, with 98% of units franchised, and earns revenue largely from collecting royalties and advertising fees paid by franchisees, with a smaller contribution from company-owned restaurant sales.

Institution	Shares	Value	Change
FMR	4,092,059	$710M	INCREASED
BlackRock	2,775,585	$481M	DECREASED
Vanguard	2,638,620	$458M	INCREASED
Massachusetts Financial Services Co /MA	1,307,004	$227M	INCREASED
American Century Companies	961,668	$167M	DECREASED

Wingstop Inc (WING) Ownership & Trading Activity

Top Institutional Holders