Wingstop initiated with an Outperform at Bernstein

Bernstein initiated coverage of Wingstop with an Outperform rating and $340 price target. The analyst says “high growth compounders” in U.S. restaurants “are far and few between, and those with a multi-decade growth runway are rare.” Wingstop is one of those rare companies, the analyst tells investors in a research note. The firm believes Wingstop is a “category of one” concept in the fastest growing segment of restaurants industry with a potential to be “the next Domino’s.”