Wingstop resumed with an Overweight at Stephens

Stephens resumed coverage of Wingstop with an Overweight rating and $425 price target. Noting that Wingstop is “one of the few publicly traded restaurant names that is delivering consistent same-store sales growth,” while also giving investors targeted exposure to the chicken megatrend, the firm believes that the company has “perhaps the most unique and attractive growth story,” the analyst tells investors.