The IBD SmartSelect Composite Rating for Wingstop rose from 93 to 96 Tuesday.
The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.
Wingstop has now climbed above a proper buy zone after clearing the 148.94 buy point in a consolidation.
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The stock also has a 95 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 95% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company posted 55% EPS growth. That means it's now posted two straight quarters of rising EPS gains. Sales growth climbed 41%, up from 13% in the prior report. The company has now posted increasing growth in each of the last two reports.
Wingstop holds the No. 2 rank among its peers in the Retail-Restaurants industry group.
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