Wingstop price target raised to $393 from $345 at Truist

Truist analyst Jake Bartlett raised the firm’s price target on Wingstop to $393 from $345 and keeps a Hold rating on the shares as part of a broader research note on Restaurants. The firm is adjusting its models based on its automated and manual web scrapes tracking store opening trends in Q2, noting that its analysis indicates that the company opened 62 net new locations in the quarter – above consensus of 46, the analyst tells investors in a research note.