Wingstop price target raised to $172 from $150 at RBC Capital

RBC Capital analyst Christopher Carril raised the firm’s price target on Wingstop to $172 from $150 but keeps a Sector Perform rating on the shares. The company’s Q4 results were "strong" thanks to accelerating, traffic-driven comp growth, sticky digital sales, and improving margins, the analyst tells investors in a research note. Wingstop’s mid-single-digit comp growth outlook is supported by opportunities to build frequency and transactions through its chicken sandwich platform, value, and menu innovation, though the stock’s valuation reflects its strong fundamentals, the firm added.