Wells Fargo analyst Zachary Fadem raised the firm’s price target on Wingstop (WING) to $300 from $270 and keeps an Overweight rating on the shares. While Q1 was soft and quarter-over-date stepping down, the firm sees risk/reward improving. 3-year stacks are holding, Q2 very likely trough, and second half of the year catalysts are coming via Smart Kitchen rollout, loyalty marketing and easing compares, Wells adds.
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Read More on WING:
- Wingstop price target raised to $272 from $271 at Piper Sandler
- Wingstop Poised for Growth: Strategic Initiatives and Strong Trends Drive Buy Rating
- Wingstop price target raised to $310 from $260 at Barclays
- Wingstop Inc. Reports Strong Q1 2025 Earnings Growth
- Wingstop’s Earnings Call: Growth Amid Challenges
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