11:44 AM EDT, 04/30/2026 (MT Newswires) -- Wingstop's ( WING ) plans going forward have clarity, but questions remain about their effectiveness, Morgan Stanley analysts said in a Thursday note.

Analysts said that while the company's domestic same store sales decline of 8.7% was understood, it was lower than expectations.

Morgan Stanley said that Wingstop's ( WING ) Smart Kitchen system "is working but rather slowly and clearly not stemming customer pullback."

Morgan Stanley said, however, that the stock is around a level where the risk/reward skew is still "compelling."

Analysts retained an overweight rating on the stock, but lowered its price target to $255 from $265.

Shares of the company were down 3.2% in Thursday's trading.

Price: 165.59, Change: -5.63, Percent Change: -3.29