KeyBanc Starts Wingstop (WING) at Overweight

September 7, 2016 4:43 PM EDT
Get Alerts WING Hot Sheet
Price: $28.37 -1.49%

Rating Summary:
    8 Buy, 2 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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KeyBanc initiated coverage on Wingstop (NASDAQ: WING) with a Overweight rating and a price target of $36. Analyst David Carlson called the company a compelling growth story.

"We believe WING is poised to grow annual revenue in the mid-teens with at least high-teens earnings growth (projecting 19%, on average) over the next several years, driven by mid-teens unit expansion and modest G&A leverage. Our rating is based on our opinion a premium valuation is warranted by the Company’s long-term growth prospects and potential upward bias to near- and intermediate-term SRS and EPS estimates," said Carlson.

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 $31.36 yesterday.

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