Wingstop Q4 ‘better than feared,’ but challenges persist, says TD Cowen

TD Cowen modestly raised the firm’s 2026 same-store sales forecast for Wingstop (WING) to up 0.5% from down 0.5% following the company’s “better than feared” Q4 results, but sees risk of guidance “proving too optimistic” in what would be a similar dynamic as 2025. The firm, which contends that “underlying challenges persist” despite the Q4 results, maintains a Hold rating and $285 price target on Wingstop shares.