Guggenheim raises Wingstop stock price target to $410 on strong growth outlook

Published 31/07/2025, 13:28
Guggenheim raises Wingstop stock price target to $410 on strong growth outlook

Investing.com - Guggenheim raised its price target on Wingstop (NASDAQ:WING) to $410.00 from $325.00 on Thursday, while maintaining a Buy rating on the restaurant chain’s stock. The new target represents potential upside from the current price of $368.26, with the stock already showing impressive momentum, gaining 22.9% in the past week. According to InvestingPro analysis, Wingstop is currently trading above its Fair Value, reflecting the market’s strong confidence in its growth prospects.

The firm increased its earnings per share estimates for the company to $4.15 for 2025 and $5.40 for 2026, up from previous forecasts of $3.88 and $5.00, respectively. These upward revisions reflect expectations for improved same-store sales and better margins, including more favorable commodity costs. The company has demonstrated strong operational efficiency with a robust gross profit margin of 47.92% and impressive revenue growth of 30.98% over the last twelve months.

Guggenheim noted that Wingstop has likely moved past its trough second-quarter comparable sales, which were down 2%, and will face easier comparisons going forward. The firm projects 4.8% comparable sales growth in the fourth quarter with potential for further improvement in the first half of 2026.

The research firm highlighted Wingstop’s nearly 20% unit growth rate, supported by strong franchisee cash flow. Guggenheim sees potential for the company to approximately 2.5 times its current domestic store base, along with international growth opportunities given chicken’s proven success in foreign markets.

Guggenheim now values Wingstop using an enterprise value to EBITDA basis, applying a high 40x multiple on fiscal 2027 estimates discounted back 10%, compared to competitors CAVA and BROS trading at 47x and 30x, respectively, on a similar framework. The stock currently trades at an EV/EBITDA multiple of 59x, reflecting its premium valuation. InvestingPro subscribers can access 12 additional key tips about Wingstop’s valuation and growth prospects, along with a comprehensive Pro Research Report that provides deep-dive analysis of the company’s fundamentals and market position.

In other recent news, Wingstop reported its second-quarter earnings for 2025, surpassing expectations with an adjusted earnings per share of $1.00, which was higher than the forecasted $0.87. The company also exceeded revenue projections, achieving $174.3 million compared to the anticipated $173.41 million. BMO Capital responded to these results by raising its price target for Wingstop to $345 from $275, while maintaining a Market Perform rating. Similarly, Stifel increased its price target to $405 from $350, continuing to recommend a Buy rating. These adjustments reflect strong performance indicators, including a smaller-than-expected decline in comparable sales and better-than-anticipated restaurant margins. Wingstop’s management highlighted several key initiatives during their earnings call, which appear to be positively impacting the company’s performance. These developments have contributed to a notable increase in investor confidence in the company’s future prospects.

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