Gold bars to be exempt from tariffs, White House clarifies
TD Cowen maintained its Buy rating and $440.00 price target on Wingstop (NASDAQ:WING) Monday, representing a significant upside from the current price of $349.44. Despite experiencing an 8.3% decline over the past week, InvestingPro data shows the stock has delivered an impressive 18.5% return over the past six months. The research firm expressed increased confidence in potential same-store sales growth for fourth-quarter 2025 and 2026.
The firm’s recent checks suggest Wingstop’s smart kitchen rollout could drive sales increases exceeding 5%, higher than TD Cowen’s original expectation of 2-5% growth. This technology implementation is expected to help the company navigate challenging second-quarter 2024 sales comparisons. The company’s strong financial foundation supports this initiative, with InvestingPro analysis showing a healthy current ratio of 3.56 and revenue growth of 31% in the last twelve months.
TD Cowen elevated Wingstop to its #2 position on its Restaurant Conviction List and declared it the firm’s best small to mid-cap investment idea. The firm noted management has successfully shifted focus from softer near-term same-store sales to anticipated improvements beginning in the second half of 2025.
The research firm revised its same-store sales growth projections for Wingstop to 6% for both fourth-quarter 2025 and full-year 2026, up from its previous 5% estimate. These projections exceed current Consensus Metrix expectations of 5.2% for fourth-quarter 2025 and 4.6% for 2026.
TD Cowen believes accelerating same-store sales should lead investors to better appreciate Wingstop’s development story, providing a positive outlook for the restaurant chain’s growth trajectory through 2026.
In other recent news, Wingstop has been the focus of several analyst updates and corporate developments. TD Cowen has increased its price target for Wingstop stock from $330 to $400, maintaining a Buy rating. This adjustment is based on discussions with company executives about the introduction of smart kitchen technology, which is expected to enhance same-store sales by 2% to 5% in the coming years. Stifel and BTIG analysts also reiterated their Buy ratings, each with a price target of $350, citing the potential of the new Smart Kitchen system to improve operational efficiency and customer experience. These advancements are anticipated to drive sales growth, particularly through third-party marketplaces and delivery services.
Additionally, Wingstop announced amendments to its corporate governance structure following its 2025 Annual Meeting. These changes include the declassification of its Board of Directors and the elimination of supermajority voting provisions. The stockholders also ratified KPMG LLP as the independent registered public accounting firm for the fiscal year 2025. Furthermore, the company approved the compensation of its named executive officers on an advisory basis. These governance changes align with best practices for public companies and aim to enhance shareholder interests.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.