Wingstop price target raised to $162 from $132 at Truist

Truist analyst Jake Bartlett raised the firm’s price target on Wingstop to $162 from $132 and keeps a Hold rating on the shares. The company’s Q4 results saw "strong" same-store-sales and EBITDA beat, and the firm’s increased price target reflects its confidence in Wingstop momentum on comps as well as upcoming drivers that include marketing and digital initiatives, the analyst tells investors in a research note. The firm adds however that at current valuation, upside in Wingstop shares is "limited".