Fintel reports that Wolfe Research initiated coverage of Wingstop (NasdaqGS:WING) with an “Outperform” recommendation on March 9, 2026. The average one-year price target for Wingstop is $333.08 per share, indicating a potential upside of 48.51% from its recent close of $224.28. Forecasts for the company indicate a projected annual revenue of $582 million, a decline of 16.45% from previous estimates, with an expected non-GAAP EPS of 3.48.
Currently, 614 funds report positions in Wingstop, a significant reduction of 395 owners or 39.15% in the last quarter. Total shares owned by institutions decreased by 15.05% to 36,645,000 shares. Noteworthy shareholders include Price T Rowe Associates, which increased its holdings by 2.77% to 2,111,000 shares, and Massachusetts Financial Services, which raised its share count by 32.50% to 1,406,000 shares. The overall market sentiment appears bearish, with a put/call ratio of 1.09.
