Morgan Stanley Still Bullish on Wingstop Inc. (WING)’s Growth Story After Target Cut

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Sajjl Nooranne

Mon, February 2, 2026 astatine 9:03 AM CST 1 min read

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On January 20, Morgan Stanley lowered the firm’s terms people connected Wingstop Inc. (NASDAQ:WING) to $345 from $363 portion maintaining an Overweight standing connected the shares, arsenic portion of its 2026 outlook enactment covering restaurants and foodservice distributors. The steadfast continues to presumption Wingstop favorably contempt the little target, citing the company’s beardown semipermanent maturation illustration wrong the quick-service edifice space.

During Wingstop’s Fiscal Third Quarter 2025 Earnings Conference Call, the institution highlighted respective cardinal operating metrics and strategical initiatives. Wingstop Inc. (NASDAQ:WING) opened 369 nett caller restaurants successful the archetypal 3 quarters of 2025, representing a 19% portion maturation complaint and exceeding anterior expectations. Management noted that the institution remains connected way to unfastened betwixt 475 and 485 nett caller restaurants for the afloat year. System-wide income grew 13% during the period, with trailing twelve-month system-wide income surpassing $5 billion, underscoring the brand’s continued momentum and scalability.

Founded successful 1994 successful Garland, Texas, Wingstop Inc. (NASDAQ:WING) is an American planetary fast-food concatenation specializing chiefly successful buffalo wings. The institution began franchising successful 1997 and is headquartered successful Dallas, Texas, operating a rapidly expanding planetary edifice footprint.

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