Jim Cramer on Wingstop: “I Think It’s Too High Risk”

Wingstop Inc. (NASDAQ:WING) is one of the stocks Jim Cramer recently talked about. A caller inquired about the stock, noting the recent dip. Cramer replied:

“Okay, I think this is a really important call because I was surprised that it started going down… I fear Wingstop because they’ve not been, let’s say, that they don’t really offer the kind of guidance that I want. And let’s put it this way, I think it’s too high risk, and the restaurant stocks are not doing well. We own Texas Roadhouse for the Charitable Trust. As you know, it’s not doing that well because of the prices of food. Too many of these commodities have gone up too much. So I’m holding back everything until I see their earnings themselves.”

Wingstop Inc. (NASDAQ:WING) operates and franchises restaurants specializing in cooked-to-order chicken wings, tenders, and sandwiches. When a caller inquired about the stock during the June 9 episode, Cramer responded:

“That’s a tough one for me. I’ll tell you why it’s a tough one, because they didn’t provide the guidance that I wanted. You know how much I want transparency. They didn’t give me the transparency. I see the stock going back, but I’m not, you know, all those nice things you said, I gotta tell the truth… I don’t see what they have that I’d like to see. I didn’t, I don’t see the visibility…”

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Disclosure: None. This article is originally published at Insider Monkey.