Wingstop price target raised to $172 from $162 at Truist

Truist analyst Jake Bartlett raised the firm’s price target on Wingstop to $172 from $162 and keeps a Hold rating on the shares as part of a broader research note on Restaurants. Analysis from its data science team supports the firm’s "largely bullish" view on restaurant demand and suggests Q1 sales topped estimates, the analyst tells investors in a research note. Wingstop sales appear to be benefiting from the new chicken sandwich, additional delivery partner, increased national add spend and strong Limited Time Offers, Truist added.