Bernstein analyst Danilo Gargiulo lowered the firm’s price target on Wingstop (WING) to $350 from $400 and keeps an Outperform rating on the shares. The firm notes the company’s Q3 earnings showed strong unit growth and record adjusted EBITDA growth despite a 5.6% same-store sales decline amid broadening consumer softness. Bernstein thinks the rollout of Smart Kitchen, enhanced marketing execution through the “Wingstop is here” campaign, loyalty program rollout, and continued international expansion sets Wingstop on a path toward positive SSSG in FY26. Yet, while the macro uncertainties remain, the firm expects the pressures on high valuation stocks to persist.
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Read More on WING:
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