Wingstop price target raised to $475 from $460 at Stifel

Stifel analyst Chris O’Cull raised the firm’s price target on Wingstop to $475 from $460 and keeps a Buy rating on the shares. The firm notes Wingstop delivered an “outstanding” quarter, with unprecedented SRS gains, EPS upside, and increased short- and long-term guidance. The strength of Q2 performance underscores the compounding effect of the brand’s growth drivers, namely accelerating unit development, a growing advertising war chest that is being used to raise consumer awareness, and sophisticated CRM solutions to increase frequency, Stifel adds.