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Wingstop Inc. (NASDAQ:WING) is one of the 11 Best Food Stocks to Buy According to Wall Street Analysts. On June 30, BTIG maintained its “Buy” rating for Wingstop Inc. (NASDAQ:WING) with a price target of $430.
This decision came after a meeting with Wingstop Inc.’s (NASDAQ:WING) leadership at the company’s headquarters.
BTIG analyst Peter Saleh pointed out that Wingstop Inc. (NASDAQ:WING) is at an important point in its history as it benefits from technology investments made in recent years.
The firm highlighted the company’s focus on improving its digital and advertising efforts and noted that international expansion is beginning to gain momentum. These are seen as key factors driving growth for Wingstop Inc. (NASDAQ:WING).
BTIG highlighted that the company is currently facing its toughest comparisons this quarter, with sales expectations reset for the year. However, the analysts believe that Wingstop Inc. (NASDAQ:WING) is setting itself up for a new phase of multi-year comparable sales growth.
Additionally, the firm pointed to the rollout of Smart Kitchen technology and loyalty programs by the company as key emerging drivers of sales. BTIG reaffirmed Wingstop Inc. (NASDAQ:WING) as a “Top Pick.”
Wingstop Inc. (NASDAQ:WING) is an American fast-casual restaurant chain that operates and franchises more than 2,500 locations around the world. It specializes in classic and boneless wings, tenders, and chicken sandwiches.
While we acknowledge the potential of WING as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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