Jefferies Reiterates Bullish View on Wingstop (WING) Post Q2

August 5, 2016 9:08 AM EDT
Get Alerts WING Hot Sheet
Price: $30.83 -2.06%

Rating Summary:
    9 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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Jefferies analyst Andy Barish reiterated a Buy rating and $30 price target on Wingstop (NASDAQ: WING) following Q2 results.

Barish commented, "EPS of $0.15 beat JefCo/Cons by $0.01 driven by SSS of +3.1% vs. JefCo/Cons of 2.0%/2.5% offset by lower than expected RLM into higher wing costs and labor investments. Development remains strong as mgmt. raised its '16 expectations for co-owned and franchise new unit openings. '16 EBITDA guide modestly raised, but LSD SSS guide unchanged. Our ‘16E/17E EPS are relatively unchanged. Reiterate Buy and $30 PT."

For an analyst ratings summary and ratings history on Wingstop click here. For more ratings news on Wingstop click here.

Shares of Wingstop closed at $26.31 yesterday.

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