Truist analyst Jake Bartlett raised the firm’s price target on Wingstop to $292 from $263 and keeps a Hold rating on the shares after its Q4 earnings beat. The company’s initial FY24 SSS guidance of up mid-single-digits is likely conservative given momentum in Q4 with record customer acquisitions and into Q1, supported by the management’s increased marketing spend, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on WING:
- WING Earnings: Wingstop Ticks Lower despite Robust Q4 Performance
- Wingstop Inc. Reports Fiscal Fourth Quarter and Full Year 2023 Financial Results
- Wingstop Announces Quarterly Cash Dividend for Shareholders
- Wingstop sees FY24 mid-single digit domestic same store sales growth
- Wingstop reports Q4 adjusted EPS 64c, consensus 57c