Jim Cramer Discussed These 11 Stocks & Erratic Stock Market Performance

8. Wingstop Inc. (NASDAQ:WING)

Number of Hedge Fund Holders In Q3 2024: 36

Wingstop Inc. (NASDAQ:WING) is a restaurant chain, which, as the name suggests, sells wings in its restaurants. Its shares have lost 18% over the past year after suffering a 22% dip in November 2024 and a 13.4% dip in February. In November, Wingstop Inc. (NASDAQ:WING)’s stock bled close to a quarter of its value as the firm’s $25 million in Q3 profit fell below analyst estimates. In February, the shares again dropped after the firm’s $161.8 million in revenue missed analyst estimates. Here’s what Cramer said:

“I made some critical comments about Wingstop’s quarter last time. I felt that they didn’t give you enough information on what was wrong. They berated me, they chastised me, and uh, well look let the numbers speak for themselves, the stock’s down thirty-five today. And I had nothing to do with it.”

“I think Wingstop is, struggling right now. Now, they would come back and say Jim we’re doing better than everybody else. And that may be true. But, they’re not the Wendy’s camp. Wendy’s is, other than my wife, Wendy’s really doesn’t have any regular customers. They, . . .Wendy’s is hurting. But I do think that Wingstop, until they give us an explanation about why there’s a slowdown, even though they make a lot of money per store, I remain a skeptic.”