KeyBanc Starts Wingstop (WING) at Overweight
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
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.
Shares of Wingstop closed at $31.36 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Oppenheimer Cuts Price Target on Workday (WDAY) Following 3Q; Reiterates Outperform
- Jefferies Cuts Price Target on Workday (WDAY) to $71 Following 3Q
- JPMorgan Raises Rating on CBOE Holdings (CBOE) to 'Overweight'; Analyst Thinks Bats Technology Will Drive Greater Trading Activity
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, New Coverage
Related EntitiesKeyBanc, Earnings
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!