Citi raised the firm’s price target on Wingstop to $375 from $320 and keeps a Neutral rating on the shares ahead of the Q1 report. The firm says footfall data suggests similar same-store-sales momentum to Q4 for Wingstop in Q1 and upside to 2024 guidance. A building increase in new customers to the brand suggests Wingstop is successfully executing on a core strategy, the analyst tells investors in a research note.
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