Company Overview - Wingstop Inc. is an American international fast-food chain founded in 1994, specializing primarily in buffalo wings, and began franchising in 1997 [3] Financial Performance - In the Fiscal Third Quarter of 2025, Wingstop opened 369 net new restaurants, achieving a 19% unit growth rate, which exceeded prior expectations [2] - The company is on track to open between 475 and 485 net new restaurants for the full year [2] - System-wide sales grew by 13% during the period, with trailing twelve-month system-wide sales surpassing $5 billion, indicating strong brand momentum and scalability [2] Analyst Insights - Morgan Stanley lowered its price target on Wingstop to $345 from $363 while maintaining an Overweight rating, reflecting a favorable long-term growth outlook within the quick-service restaurant sector [1]