Wingstop price target raised to $330 from $240 at Stephens

Stephens raised the firm’s price target on Wingstop to $330 from $240 and keeps an Overweight rating on the shares. The firm is increasing its Q4 estimates to reflect a now higher franchise same-store sales growth estimate of 15.0%, up from 12% previously forecast, and adjusted EPS of 59c, up from 58c, ahead of Wingstop’s scheduled earnings report on February 21.