Truist analyst Jake Bartlett raised the firm’s price target on Wingstop to $307 from $292 and keeps a Hold rating on the shares as part of a broader research note on Restaurants. The firm’s automated and manual web scrapes suggest that the company is beating estimates for Q1 store openings, the analyst tells investors in a research note. Truist further cites improved new store economics and multiple sales drivers as factors in boosting its price target for the stock.
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