
Jefferies upgrades restaurant chain Wingstop
Says stock is oversold with valuation now overly discounting higher unit and EBITDA growth versus peers
"We see underlying drivers in digital, marketing, and innovation that should limit downside risk to traffic under the promotional landscape," brokerage says
Seventeen of 26 brokerages rate the stock "buy" or higher and 9 "hold"; median PT is $315 - data compiled by LSEG
WING stock down ~21% YTD, as of last close; shares rose nearly 11% in 2024