Truist Securities upgraded Wingstop (NASDAQ:WING) from Hold to Buy and significantly raised its price target to 400 from 274. The firm has increased confidence in a rebound in same-store sales and long-term growth potential.

Analysts forecast same-store sales to gain momentum in Q2 2025, supported by improved transaction trends. The anticipated rollout of Wingstop’s Smart Kitchen initiative may catalyze sales growth and operational efficiencies.

Several ongoing sales initiatives, such as innovative marketing tactics and strong digital ordering, should support continued growth. With new store development projected to continue, Truist is optimistic about Wingstop’s path forward.