Wingstop was founded in 1994 in Garland, Texas, by Antonio Swad and Bernadette Fiaschetti. The pair already owned a Pizza Patron restaurant but wanted to create a restaurant that was fun and offered something unique.
Wingstop is a franchised restaurant chain that specializes in chicken wings and dipping sauces. Each location features an aviation theme with nostalgic tones from the 1930s and 1940s.
The company is currently owned by the Roark Capital Group and went public on the NASDAQ under the ticker symbol WING in 2015.
As of 2018, the company has locations in 13 countries and more than 1,250 restaurants.
Wingstop was listed as the third fastest-growing restaurant chain in the US in 2015.
Despite the coronavirus, Wingstop offered shareholders dividends of 528% in October 2020.
This has lead hedge fund owners to continue to recommend Wingstop shares to their client’s portfolios.
Wingstop maintains a corporate office in Dallas, Texas, and has plans to build/renovate a new corporate office in Addison, Texas, soon.