Wingstop trading shows continuing interest in restaurant IPOs

Wingstop (Nasdaq: WING) became the latest restaurant company to go public on Friday and posted impressive returns during its first day of trading.

Priced at $19 per share, the Dallas company closed at $30.54, reflecting a 60.74 percent increase. That was high enough to rank it 17th out of the top 24 restaurant chains to go public since 2000.

Restaurant stocks have seen mixed results over the past 10 years. Companies like Chipotle (NYSE: CMG) have seen amazing returns, while others, like Potbelly (Nasdaq: PBPB) and Noodles & Company (Nasdaq: NDLS), started strong but have seen prices drop sharply. Some, like Houston’s Ignite Restaurant Group (Nasdaq: IRG), have tumbled far below their initial public offering price.

Read the Full Article

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Leadership

Restaurants bring the industry's concerns to Congress

Neary 600 operators made their case to lawmakers as part of the National Restaurant Association’s Public Affairs Conference.

Financing

Podcast transcript: Virtual Dining Brands co-founder Robbie Earl

A Deeper Dive: What is the future of digital-only concepts? Earl discusses their work to ensure quality and why focusing on restaurant delivery works.

Financing

In the fast-casual sector, Chipotle laps Panera Bread

The Bottom Line: The two fast-casual restaurant pioneers have diverged over the past five years, as the burrito chain has thrived while Panera hit a wall. Here's why.

Trending

More from our partners