Wingstop price target lowered to $330 from $370 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Wingstop (WING) to $330 from $370 and keeps a Buy rating on the shares. Shares rose 10.9% despite a Q3 same-store sales growth miss and lowered 2025 guidance, as stronger restaurant-level margins and lower G&A drove an adjusted EBITDA beat, the analyst tells investors in a research note. Management remains confident in returning to positive same-store sales in 2026, with the Smart Kitchen initiative, refreshed marketing, and upcoming loyalty relaunch expected to boost brand engagement and long-term growth, the firm says.