Wingstop (WING) PT Lowered to $375 at Stifel

Stifel analyst Chris O'Cull lowered the price target on Wingstop (NASDAQ: WING) to $375.00 (from $405.00) while maintaining a Buy rating.

The analyst commented, "Our $375 target price is based on a discounted cash flow analysis and implies WING trades at 37x EV/EBITDA NTM one year from now (vs. 36x currently). We argue the premium valuation multiples are justified by the company’s growth prospects and potential upward bias to SRS and free cash flow estimates."

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