Wingstop price target lowered to $190 from $225 at UBS

UBS analyst Dennis Geiger lowered the firm’s price target on Wingstop to $190 from $225 and keeps a Neutral rating on the shares. Wingstop’s earnings and call commentary highlighted largely sustained sales momentum driven by traffic, a solid unit growth pipeline supporting a robust development outlook, and better visibility into more stabilized commodity costs driven by current supply chain strategy, the analyst tells investors in a research note. At the same time, UBS says likely slowing y/y comp trends could limit valuation upside near-term.