Wingstop price target raised to $205 from $190 at UBS

UBS raised the firm’s price target on Wingstop to $205 from $190 and keeps a Neutral rating on the shares. Wingstop’s Q3 earnings report highlighted robust SSS momentum, solid margins and visibility into the cost outlook, and support for a strong store development trajectory, the analyst tells investors in a research note. The firm remains encouraged by Wingstop’s continued transaction gains in a tough macro and against difficult prior year comparisons, and sees multiple initiatives to help sustain underlying growth.