Wingstop IncWING
Mentioned
Impact on assets 1
Consumer Discretionary
Wingstop IncTheme Impact
Off-coverage companies 2
Dave's Hot ChickenPrivate± Mixed
relevance
Raising Cane'sPrivate± Mixed
relevance
Dave's Hot Chicken franchisee TIG Reaper LLC, which operates locations in Pennsylvania, has filed for Chapter 11 bankruptcy protection after Bank Midwest, a division of NBH Bank, filed a complaint against it. The Langhorne, Pa.-based franchisee filed its petition in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania on Sept. 21, 2026, listing $10 million to $50 million in assets and liabilities, and court papers indicate the debtor will have funds available to distribute to unsecured creditors. The filing followed a Sept. 8 complaint by Bank Midwest in the U.S. District Court for the Eastern District of Pennsylvania alleging TIG Reaper may have failed to meet certain debt obligations, and all litigation against the debtor is subject to an automatic stay while the case proceeds. TIG Reaper operates franchises at 9113 Roosevelt Blvd. in Philadelphia and 122 Park Ave. in Willow Grove, Pa., while the Dave's Hot Chicken franchisor itself has not filed for bankruptcy. The broader fried chicken sector is in significant expansion mode in 2026, with chains including Wingstop, Raising Cane's, Slim Chickens and Dave's Hot Chicken collectively planning to open more than 750 new locations by the end of the year, and Dave's Hot Chicken alone targeting 140 new restaurants in 2026 with a $1.6 billion sales goal, up $400 million from 2025.
Wingstop Inc