Wingstop price target raised to $461 from $421 at BofA

BofA analyst Sara Senatore raised the firm’s price target on Wingstop to $461 from $421 and keeps a Buy rating on the shares. The firm, which says the company’s guidance “looks conservative,” raised its FY24 revenue estimate to $575.7M from $554.4M as it incorporates a higher domestic same-store sales growth forecast and slightly raised its net new units estimate.