Wingstop Inc. (NASDAQ:WING) on Wednesday reported mixed first-quarter results.

The company reported first-quarter adjusted earnings per share of $1.18, beating the analyst consensus estimate of $1.03. Quarterly sales of $183.725 million (+7.4% year over year) missed the Street view of $189.109 million.

"Despite the decline in same-store sales, we delivered system-wide sales growth and double-digit Adjusted EBITDA growth in the quarter, supported by 17% unit growth," said CEO Michael Skipworth.

The company said its 2026 outlook remains tied to an uncertain macro environment. It now expects a low-single-digit decline in domestic same-store sales.

Wingstop shares fell 3% to trade at $166.04 on Thursday.

These analysts made changes to their price targets on Wingstop following earnings announcement.

  • Stephens & Co. analyst Jim Salera maintained Wingstop with an Overweight rating and lowered the price target from $300 to $225.
  • BTIG analyst Peter Saleh maintained the stock with a Buy and cut the price target from $400 to $305.
  • Wells Fargo analyst Zachary Fadem maintained Wingstop with an Overweight rating and lowered the price target from $225 to $200.
  • Barclays analyst Jeffrey Bernstein maintained the stock with an Overweight rating and slashed the price target from $330 to $235.

Considering buying WING stock? Here’s what analysts think:

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