Wingstop price target lowered to $300 from $315 at RBC Capital

RBC Capital analyst Logan Reich lowered the firm’s price target on Wingstop (WING) to $300 from $315 but keeps an Outperform rating on the shares after its Q3 results. Outside the SSS miss and guide-down, which was to some degree expected, Wingstop’s Q3 print was solid, the analyst tells investors in a research note. The company took up the FY25 unit growth guide for the third quarter in a row where the pipeline is at all-time highs and franchisees cash/cash returns are still in the 70%+ range, the firm added.