Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Wingstop Inc. reported its fiscal third-quarter 2025 earnings, revealing several key performance highlights along with strategic advancements and challenges.</li><li>Wingstop's strategy remains focused on expanding its global presence and enhancing operational efficiencies, evidenced by the opening of 369 net new restaurants through the first three quarters of the year, resulting in a 19% unit growth.</li><li>The company's system-wide sales grew by 13%, with a trailing 12-month sales figure exceeding $5 billion, validating its highly franchised, asset-light model that facilitated a 17% adjusted EBITDA growth.</li></ul>

Wingstop Inc. reported its fiscal third-quarter 2025 earnings, revealing several key performance highlights along with strategic advancements and challenges.Wingstop's strategy remains focused on expanding its global presence and enhancing operational efficiencies, evidenced by the opening of 369 net new restaurants through the first three quarters of the year, resulting in a 19% unit growth.The company's system-wide sales grew by 13%, with a trailing 12-month sales figure exceeding $5 billion, validating its highly franchised, asset-light model that facilitated a 17% adjusted EBITDA growth.

Wingstop’s High-Voltage Expansion: How Smart Kitchens

<ul><li>Wingstop Inc.'s fiscal second quarter results for 2025 showcased a blend of growth achievements and areas for improvement, reflecting the overall resilience of its business model.</li><li>The company reported a system-wide sales increase of 13.9% to $1.3 billion, although same-store sales saw a decrease of 1.9%.</li><li>This decline followed consecutive years of significant growth, suggesting that while the brand is expanding rapidly, sustaining comparable sales growth will remain a challenge.</li></ul>

Wingstop Inc.'s fiscal second quarter results for 2025 showcased a blend of growth achievements and areas for improvement, reflecting the overall resilience of its business model.The company reported a system-wide sales increase of 13.9% to $1.3 billion, although same-store sales saw a decrease of 1.9%.This decline followed consecutive years of significant growth, suggesting that while the brand is expanding rapidly, sustaining comparable sales growth will remain a challenge.

Wingstop Inc.: Can The New Smart Kitchen Technology Further Build A Sustainable Competitive Advantage?

<ul><li>Wingstop Inc. recently reported its first-quarter earnings for fiscal year 2025, showcasing resilience amid a challenging macroeconomic environment.</li><li>The company's results reveal both strengths and areas of caution that are crucial for an investment thesis.</li><li>On the positive side, Wingstop continues to demonstrate robust growth in system-wide sales, with a 15.7% increase year over year to $1.3 billion, marking the highest recorded sales in a single quarter in the company's history.</li></ul>

Wingstop Inc. recently reported its first-quarter earnings for fiscal year 2025, showcasing resilience amid a challenging macroeconomic environment.The company's results reveal both strengths and areas of caution that are crucial for an investment thesis.On the positive side, Wingstop continues to demonstrate robust growth in system-wide sales, with a 15.7% increase year over year to $1.3 billion, marking the highest recorded sales in a single quarter in the company's history.

Wingstop Ignites Sales Surge with Smart Kitchen Revolution; Is This Growth Sustainable?

<ul><li>Wingstop Inc. demonstrated robust financial performance in fiscal year 2024.</li><li>The company achieved record results, marked by a 19.9% increase in domestic same-store sales and a remarkable 15.8% unit growth with the opening of 349 net new restaurants.</li><li>This growth pushed system-wide sales up by 36.8% to $4.8 billion, while adjusted EBITDA surged by 44.8% to $212 million, emphasizing Wingstop's strong operational and strategic foothold in the fast-casual dining sector.</li></ul>

Wingstop Inc. demonstrated robust financial performance in fiscal year 2024.The company achieved record results, marked by a 19.9% increase in domestic same-store sales and a remarkable 15.8% unit growth with the opening of 349 net new restaurants.This growth pushed system-wide sales up by 36.8% to $4.8 billion, while adjusted EBITDA surged by 44.8% to $212 million, emphasizing Wingstop's strong operational and strategic foothold in the fast-casual dining sector.

Wingstop Inc.: Innovative Kitchen Operating Platform To Set The Stage For Long-Term Growth!

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>The SPX, Nasdaq 100 (QQQ), and Russell 2000 (IWM) continue to hold above short-term support at their respective 20-day MAs (currently 5966 on SPX, $526.50 on QQQ, $208.75 on IWM)</li>
<li>As long as 20-day MA supports hold, our near-term bullish outlook that we have had since our 4/22/25 Compass remains intact.</li>
<li>We will need to see breakdowns below 20-day MA supports in order to expect any meaningful near-term downside.</li>
</ul>


The SPX, Nasdaq 100 (QQQ), and Russell 2000 (IWM) continue to hold above short-term support at their respective 20-day MAs (currently 5966 on SPX, $526.50 on QQQ, $208.75 on IWM)
As long as 20-day MA supports hold, our near-term bullish outlook that we have had since our 4/22/25 Compass remains intact.
We will need to see breakdowns below 20-day MA supports in order to expect any meaningful near-term downside.


20-Day MA Supports Holding on SPX, QQQ, IWM; Bullish Outlook Intact

United States

Wingstop Inc. owns and operates restaurants. The Company specializes in cooked-to-order, hand-sauced, and tossed chicken wings. Wingstop serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Wingstop Inc (WING US)

Wingstop’s High-Voltage Expansion: How Smart Kitchens

Wingstop Inc. reported its fiscal third-quarter 2025 earnings, revealing several key performance highlights along with strategic advancements and...

Baptista Research

Wingstop Inc.: Can The New Smart Kitchen Technology Further Build A Sustainable Competitive Advantage?

Wingstop Inc.'s fiscal second quarter results for 2025 showcased a blend of growth achievements and areas for improvement, reflecting the overall...

Baptista Research

Wingstop Ignites Sales Surge with Smart Kitchen Revolution; Is This Growth Sustainable?

Wingstop Inc. recently reported its first-quarter earnings for fiscal year 2025, showcasing resilience amid a challenging macroeconomic...

Baptista Research

Wingstop Inc.: Innovative Kitchen Operating Platform To Set The Stage For Long-Term Growth!

Wingstop Inc. demonstrated robust financial performance in fiscal year 2024. The company achieved record results, marked by a 19.9% increase in...

Baptista Research

20-Day MA Supports Holding on SPX, QQQ, IWM; Bullish Outlook Intact

20-Day MA Supports Holding on $SPX, $QQQ, and $IWM. As long as 20-day MA supports hold, our near-term bullish outlook that we have had since our 4...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)