Wingstop price target raised to $190 from $145 at UBS

UBS analyst Dennis Geiger raised the firm’s price target on Wingstop to $190 from $145 and keeps a Neutral rating on the shares. The company’s Q4 results saw "strong" same-store-sales momentum which also continued into Q1, the analyst tells investors in a research note. The firm adds however that while the ongoing execution against growth initiatives and the increased in sector valuations warrant higher price target, at about 48-times expected FY23 EBITDA, Wingstop valuation reflects the continued growth momentum and favorable outlook.