Did Jim Cramer Hit or Miss On These 13 Stock Predictions?

4. Wingstop Inc. (NASDAQ:WING)

Number of Hedge Fund Investors: 36

Wingstop Inc. (NASDAQ:WING), the fast-casual chicken wing chain, was featured during an interview with its CEO Michael Skippworth, after the company posted blowout earnings and raised its full-year forecast. Here’s what Jim Cramer said at the time:

“The Red Hot chicken wing chain reported this morning numbers were just excellent. Wingstop delivered another great quarter. […]

After initially rallying to a new all-time high this morning the stock saw actually a predictable wave of profit taking, actually finished slightly in the red. Now you know what I think, that’s just because the Wingstop stock stop came in hot just like it’s wings. Even after today’s dip it’s up almost 50% for the year after rallying 86% last year so are you getting this great quarter for free? Feels like there’s something missing here.”

This was another miss by Cramer as the shares of the restaurant have sunk by 32.37% since those comments.

However, Cramer has changed his view on Wingstop Inc. (NASDAQ:WING) since then. Here’s what his said on February this year:

“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.”