BTIG lowered the firm’s price target on Wingstop (WING) to $400 from $430 and keeps a Buy rating on the shares. Wingstop reported the weakest same-store sales in its history this quarter, as the much-feared lower-income consumer sharply pulled back on restaurant spending in Q3, with similar trends observed in Q4 so far, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WING:
- Wingstop upgraded to Buy from Neutral at Northcoast
- Wingstop price target lowered to $350 from $400 at Bernstein
- Wingstop price target lowered to $295 from $330 at Barclays
- Wingstop’s Hold Rating: Balancing Strong Brand with Near-Term Sales Challenges and Strategic Initiatives
- Wingstop’s Strategic Initiatives and Growth Potential Justify Buy Rating