Jefferies upgrades Wingstop to 'buy', sees valuation discount

Wingstop

31/03/2025 14:05

** Jefferies upgrades restaurant chain Wingstop  to "buy" from "hold"

** Says stock is oversold with valuation now overly discounting higher unit and EBITDA growth versus peers

** "We see underlying drivers in digital, marketing, and innovation that should limit downside risk to traffic under the promotional landscape," brokerage says

** Seventeen of 26 brokerages rate the stock "buy" or higher and 9 "hold"; median PT is $315  - data compiled by LSEG

** WING stock down ~21% YTD, as of last close; shares rose nearly 11% in 2024

(Reporting by Ateev Bhandari in Bengaluru)

((Ateev.Bhandari@thomsonreuters.com; ))