WING is making big moves today. Find out why the stock is trading 20% higher:

Shares of Wingstop Inc (WING) are trading 20% higher at a price of $119.515 at the time of this writing.

1. Restaurant stocks rip higher on signs of inflation peak (NASDAQ:WING) : The restaurant sector was among the top performing sectors on Thursday after a strong report from Wingstop (WING) offered indications that commodity prices may be coming down.

2. There is deflation in some items as Wingstop notes dropping chicken wing prices : At a time when many consumers may have forgotten what deflation is, Wingstop said it''s reaping the benefits of lower chicken wing prices.

Wingstop Inc has been trading between a 52-week high of $180.59 and a 52-week low of $67.67. The stock has a market cap of $3.57 Billion.

Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. operates and franchises over 1,500 locations worldwide. The Wing Experts are dedicated to Serving the World Flavor through an unparalleled guest experience and offering of classic wings, boneless wings and tenders, always cooked to order and hand-sauced-and-tossed in fans' choice of 11 bold, distinctive flavors.