Wingstop price target raised to $330 from $270 at Stifel

Stifel analyst Chris O’Cull raised the firm’s price target on Wingstop to $330 from $270 and keeps a Buy rating on the shares. Stifel expects Wingstop will report another strong quarter of same restaurant sales growth and current checks show sales momentum has continued into 2024, the analyst tells investors. Given the number of sales levers the system could pull, the firm does not anticipate sales will slow, but expectations are high and the stock may consolidate in the short-term following its recent strength, the firm warns.