Jefferies Downgrades Wingstop (WING) to Hold

Jefferies downgraded Wingstop (NASDAQ: WING) from Buy to Hold with a price target of $30.00.

Analyst Andy Barish commented, "We continue to see visibility to stronger SSS (national cable TV ad launch in ’17) and we like WING’s highly franchised business model and domestic development opportunity at ~3x its current base, but believe these factors are fully discounted in the stock at current levels. We continue to value WING at 28x 2017 EBITDA, which is right around where stock has been at recent levels. We like the technology (on-line ordering ramp) and international plays here but believe those are also reflected in industry leading valuation."

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 $29.58 yesterday.

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