1 Growth Stock Down 47% to Buy Right Now

Market downturns can create rare chances to buy strong businesses at a discount. One such opportunity might be Wingstop (NASDAQ: WING), which has seen its stock price tumble 47% from its June 2024 peak.The fast-casual chain, famous for its wings, has long commanded a premium valuation -- thanks in part to an unrivaled 21-year streak of same-store sales (comps) growth, a crucial metric for restaurant stocks. But with recent struggles weighing on its share price, is Wingstop a bargain or a stock to avoid? Let's take a closer look.The chain closed out fiscal year 2024 with impressive growth, reporting $625.8 million in revenue, a 36% increase from the previous year. As a predominantly franchise-driven business (98% of its locations are franchised), most of its revenue comes from royalties, franchise fees, and advertising fees. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool