Wingstop price target lowered to $305 from $365 at TD Cowen

TD Cowen lowered the firm’s price target on Wingstop (WING) to $305 from $365 and keeps a Buy rating on the shares. The firm said management declined to share specifics on the cadence of 2025 quarterly same store sales that is likely to limit alpha over the next 1-2 quarters. While Wingstop is showing greater cyclicality to the lower income consumer, Cowen believe new drivers surrounding CRM and speed of service on top of successful drivers in place will help sustain traffic growth.