Wingstop price target lowered to $361 from $404 at BofA

BofA analyst Sara Senatore lowered the firm’s price target on Wingstop (WING) to $361 from $404 and keeps a Buy rating on the shares. The firm believes a combination of FY25 domestic same-store sales growth guidance below consensus and a lack of guidance on the cadence through the year “may have unsettled investors.” However, the firm sees reason to believe that the company can successfully lap the Q2 peak and reaccelerate through second half, which it says would be a dynamic that would prove consistent with Wingstop’s “pattern of guiding conservatively and beating.”