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Wedbush analyst, Nick Setyan, reiterated his Outperform rating on shares of Wingstop (NASDAQ: WING) after another quarterly beat and the company set expectations for continued comp momentum and future EPS upside.
The analyst expects upside to current expectations, driven by both SSS growth and margin outperformance. Additionally, a growing understanding of WING’s recurring special dividend should drive growing appreciation of Wingstop's unique business model and expand its valuation multiple.
No change to the price target of $36.
Shares of Wingstop closed at $26.12 yesterday.
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