Wingstop price target raised to $196 from $190 at Truist

Truist analyst Jake Bartlett raised the firm’s price target on Wingstop to $196 from $190 and keeps a Hold rating on the shares. Sales momentum appears to have softened in the last three weeks of the quarter, but Truist Card Data indicates Wingstop will have surpassed estimates for two consecutive quarters, the analyst tells investors in a research note. Truist still expects the prospect of much more difficult compares to limit upside to the shares.