Wingstop (NASDAQ:WING) Given New $170.00 Price Target at Wells Fargo & Company

Wingstop (NASDAQ:WING) had its price target upped by equities researchers at Wells Fargo & Company from $165.00 to $170.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the restaurant operator’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 20.69% from the company’s previous close.

A number of other research firms have also recently commented on WING. Citigroup reduced their price target on shares of Wingstop from $208.00 to $191.00 and set a “buy” rating for the company in a report on Friday, October 16th. BTIG Research restated a “buy” rating and issued a $265.00 target price on shares of Wingstop in a research note on Thursday. BMO Capital Markets reaffirmed a “market perform” rating and set a $160.00 price target on shares of Wingstop in a research note on Thursday. UBS Group restated a “neutral” rating and set a $140.00 price objective on shares of Wingstop in a report on Thursday, October 15th. Finally, DA Davidson set a $180.00 price target on shares of Wingstop in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Wingstop currently has a consensus rating of “Moderate Buy” and an average price target of $224.86.

Wingstop Stock Performance

Wingstop stock opened at $140.86 on Thursday. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 1.44 and a beta of 1.81. Wingstop has a 52-week low of $95.82 and a 52-week high of $302.80. The stock’s 50 day moving average price is $113.87 and its two-hundred day moving average price is $165.89.

Wingstop (NASDAQ:WING) last released its quarterly earnings data on Wednesday, October 28th. The restaurant operator reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.06. Wingstop had a net margin of 16.15% and a negative return on equity of 16.31%. The company had revenue of $185.13 million during the quarter, compared to analyst estimates of $192.89 million. During the same quarter in the previous year, the business posted $1.09 EPS. Wingstop’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts forecast that Wingstop will post 4.45 EPS for the current year.

Hedge Funds Weigh In On Wingstop

Several large investors have recently bought and sold shares of the stock. Allworth Financial LP bought a new stake in shares of Wingstop in the 2nd quarter worth $34,000. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Wingstop by 161.2% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 350 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 216 shares in the last quarter. Signaturefd LLC boosted its holdings in Wingstop by 141.8% during the third quarter. Signaturefd LLC now owns 370 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 217 shares during the last quarter. Hilton Head Capital Partners LLC boosted its holdings in Wingstop by 35.0% during the third quarter. Hilton Head Capital Partners LLC now owns 409 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 106 shares during the last quarter. Finally, Harbor Investment Advisory LLC purchased a new position in Wingstop during the second quarter worth about $46,000.

Wingstop News Summary

Here are the key news stories impacting Wingstop this week:

• Positive Sentiment: Profit beat supports sentiment: Third-quarter adjusted EPS of $1.08 exceeded the $1.02 consensus estimate, while net income rose 2.2% year over year to $29.1 million. Revenue increased 5.3% to $185.1 million, although it fell short of expectations. Wingstop fiscal third-quarter financial results
• Positive Sentiment: Expansion remains strong: Wingstop opened 76 net new restaurants during the quarter, ending with 3,331 locations. Management also sees potential for as many as 1,000 restaurants in India, with an initial market entry planned for early 2027. Wingstop India expansion plans
• Positive Sentiment: Early stabilization signals: Domestic same-store sales declined 5.4%, but the decrease improved from the prior quarter. Management is revamping marketing, restaurant operations and its Club Wingstop loyalty program; members returned within 30 days at a rate 13 percentage points higher than nonmembers. Wingstop marketing strategy
• Positive Sentiment: Analyst support and shareholder returns: Stephens reaffirmed an Overweight rating with a $200 target, while BTIG maintained Buy with a $265 target. Wingstop also declared a $0.33 quarterly dividend and repurchased 190,688 shares during the quarter.
• Neutral Sentiment: Analyst opinions are divided: TD Cowen reiterated Hold with a $120 price target, highlighting uncertainty around the recovery. Other bullish targets imply substantial upside, but reflect expectations that sales trends will improve.
• Negative Sentiment: Sales outlook remains the key risk: Wingstop now expects 2026 domestic same-store sales to decline approximately 6.5% to 7.0%. Analysts caution that the stock may already reflect much of the earnings recovery and long-term expansion potential. Wingstop valuation and sales outlook

Wingstop Company Profile

Wingstop Inc is a franchised restaurant company specializing in cooked-to-order chicken wings and related menu items. Its offerings include classic and boneless wings prepared with a range of flavors, along with chicken sandwiches, tenders, fries, seasoned fries, dips, sides and beverages. The company emphasizes made-to-order food, a digital ordering experience and a menu centered on customizable chicken meals.

Founded in 1994 in Garland, Texas, Wingstop has expanded from a single restaurant into a global brand operated primarily through franchised locations.