Wingstop Shares Soar on Bullish Outlook

Wingstops stock surged by over three percent following Freedom Capital Markets Buy rating and a price target of $320, suggesting a potential 33% upside. The positive news coincided with the companys international expansion, with three new UK locations opening, and adjusted earnings of $1 per share for Q2, beating Wall Streets expectations. Investors were encouraged by Wingstops accelerated growth plans, including a 17-18% global unit growth forecast and a 11% increase in quarterly dividend. Despite a slight decrease in domestic same-store sales, positive sentiment drove the shares to close up 1.4% from the previous day, currently trading at $250.40, down 14.4% since the years start.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.