Stephens lowered the firm’s price target on Wingstop (WING) to $400 from $450 and keeps an Overweight rating on the shares after the company reported Q4 domestic comps that came in below consensus expectations. However, the company did deliver beats on units, adjusted EBITDA, and adjusted EPS, notes the analyst. FY25 guidance for same-store sales came in modestly below the firm’s expectations, but Stephens believes “this is an achievable level with potential for upside if the consumer backdrop improves,” the analyst tells investors.
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