Wingstop price target raised to $272 from $271 at Piper Sandler

Piper Sandler analyst Brian Mullan raised the firm’s price target on Wingstop (WING) to $272 from $271 and keeps a Neutral rating on the shares following quarterly results. While the Q1 domestic same-store sales result was a bit below consensus and the Q2 time period was guided to be well below, this was clearly expected by the investment community, at least to some degree, the firm says. Related to this, Wingstop lowered its FY2025 same-store sales guidance to be “approximately 1%,” with commentary on the call suggesting that management expects a return to positive same-store sales for Wingstop in the second half of this year.