BMO Capital lowered the firm’s price target on Wingstop (WING) to $300 from $335 and keeps a Market Perform rating on the shares. The company’s Q4 EPS topped estimates thanks to favorable G&A and refranchising gain, but comps and restaurant margins fell short, the analyst tells investors in a research note. BMO has reduced its estimates and tempered its assumed multiple given comp deceleration, the firm adds.
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Read More on WING:
- Wingstop price target lowered to $325 from $340 at Benchmark
- Wingstop price target lowered to $400 from $450 at Stephens
- Wingstop’s Strong Growth Potential: Todd Brooks Recommends Buy Despite Near-term Challenges
- Wingstop price target lowered to $375 from $389 at Morgan Stanley
- Optimistic Long-Term Prospects for Wingstop Amidst Short-Term Challenges: A Buy Rating with Strategic Growth Insights