Benchmark analyst Todd Brooks raised the firm’s price target on Wingstop to $215 from $200 and keeps a Buy rating on the shares. The company’s “strong” Q3 results in aggregate “proved out the continuing power of the company’s operating model,” the analyst tells investors in a post-earnings note.
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Read More on WING:
- Wingstop price target raised to $199 from $185 at Morgan Stanley
- Wingstop price target raised to $205 from $180 at RBC Capital
- Wingstop price target raised to $205 from $190 at UBS
- Wingstop price target raised to $225 from $215 at Baird
- Wingstop Q3 encouraging on increased lower income frequency, says Stephens