Morgan Stanley Still Bullish on Wingstop Inc. (WING)'s Growth Story After Target Cut

We recently published an article titled 10 High Growth Food Stocks To Buy. 

On January 20, Morgan Stanley lowered the firm’s price target on Wingstop Inc. (NASDAQ:WING) to $345 from $363 while maintaining an Overweight rating on the shares, as part of its 2026 outlook note covering restaurants and foodservice distributors. The firm continues to view Wingstop favorably despite the lower target, citing the company’s strong long-term growth profile within the quick-service restaurant space.

During Wingstop’s Fiscal Third Quarter 2025 Earnings Conference Call, the company highlighted several key operating metrics and strategic initiatives. Wingstop Inc. (NASDAQ:WING) opened 369 net new restaurants in the first three quarters of 2025, representing a 19% unit growth rate and exceeding prior expectations. Management noted that the company remains on track to open between 475 and 485 net new restaurants for the full year. System-wide sales grew 13% during the period, with trailing twelve-month system-wide sales surpassing $5 billion, underscoring the brand’s continued momentum and scalability.

Founded in 1994 in Garland, Texas, Wingstop Inc. (NASDAQ:WING) is an American international fast-food chain specializing primarily in buffalo wings. The company began franchising in 1997 and is headquartered in Dallas, Texas, operating a rapidly expanding global restaurant footprint.

While we acknowledge the potential of CHEF 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: 8 Up and Coming Streaming Companies and Services and 9 High Growth Canadian Stocks to Buy

Disclosure: None.