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WING - This Growth Stock's Valuation Has Gotten So Spicy It Was Time to Sell
Wingstop Inc.
2024-03-24 08:46:00 ET
I love spicy food, especially hot wings. That might be because I grew up in Western New York and needed that extra heat from the wings to keep warm. My love for hot wings was one of the reasons I bought shares of Wingstop (NASDAQ: WING) .
However, I recently sold my shares of the fast-growing restaurant operator. The main reason was its very spicy valuation .
Wingstop trades at an extremely high valuation multiple compared to other restaurant stocks :