Wingstop price target lowered to $365 from $400 at Truist

Truist lowered the firm’s price target on Wingstop (WING) to $365 from $400 but keeps a Buy rating on the shares. The company reported a Q3 same-store-sales miss, but Wingstop has the sales drivers – new ad campaign, ‘Smart Kitchen’, and upcoming loyalty plan – to offset growing macro pressures, which will lead to a sharp SSS recovery in FY26, the analyst tells investors in a research note.