Wingstop (WING) PT Raised to $400 at TD Cowen

TD Cowen analyst Andrew Charles raised the price target on Wingstop (NASDAQ: WING) to $400.00 (from $330.00) while maintaining a Buy rating.

The analyst commented: 'We hosted a fireside chat and group meetings with CFO Alex Kaleida, Chief US Franchise Operations & Development Officer Marisa Carona and Sr. Manager Investor Relations Kristen Thomas. Investor questions focused on smart kitchens, demonstrating the narrative has shifted from softer near-term same store sales to sales that should begin to notably improve in 2H25.

The narrative remains squarely on improving SSS that will be aided by the rollout of new smart kitchen technology. Our checks suggest smart kitchens can deliver 2%-5% SSS lifts, which in our view provides confidence in delivering 5% 2026E SSS. We expect recent development strength to persist given 70%+ cash/cash returns, the best within publicly traded restaurants."

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