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.
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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