Buy Wingstop stock before it reaches new highs

High-growth restaurant stocks have performed exceptionally well this year. Despite all the doom and gloom, consumers keep spending amid high inflation and multi-decade high interest rates.

One of the beneficiaries of this trend is Wingstop ($WING), the high-growth chicken wing chain. WING shares have risen 45% this year, outperforming the market by a wide margin.

This strong performance is driven by the company's exceptional fundamental performance. Earlier this week, Wingstop reported Q3 earnings that blew past analyst estimates and raised its full-year guidance. This strong top and bottom line performance suggests that WING stock will continue to rise and could reach new highs soon. Let’s take a deeper dive.

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