TD Cowen raised the firm’s price target on Wingstop to $355 from $295 and keeps an Outperform rating on the shares. The firm, which models 7% 2024 comp growth, up from 6%, views the company’s mid-single digit percentage growth guidance as “encouraging for a company that typically guides conservatively.” Following the Q4 report, the firm raised its 2024 and 2025 estimates by 4% and 3%, respectively, the analyst noted.
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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
- Notable companies reporting before tomorrow’s open
- Wingstop price target raised to $330 from $280 at UBS
