BMO Capital analyst Andrew Strelzik maintained a Hold rating on Wingstop (WING – Research Report) today and set a price target of $300.00.
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Andrew Strelzik has given his Hold rating due to a combination of factors impacting Wingstop’s current financial outlook. Despite Wingstop’s 4Q24 earnings per share surpassing expectations, the company’s same-store sales and restaurant margins fell short, contributing to a cautious outlook for 2025. The guidance provided by Wingstop for future comparable sales and general and administrative expenses did not meet consensus expectations, leading to a reduction in the target price to $300.
Strelzik acknowledges Wingstop’s strong long-term growth potential, highlighting its industry-leading domestic comparable sales growth and efforts in technology and digital sales. However, the deceleration in same-store sales growth and higher general and administrative costs are expected to pressure consensus estimates. As a result, despite Wingstop’s promising fundamentals and store growth prospects, Strelzik maintains a Hold rating, anticipating limited share performance until greater visibility into comparable sales stabilization is achieved.
In another report released yesterday, Piper Sandler also maintained a Hold rating on the stock with a $271.00 price target.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WING in relation to earlier this year.