Stifel analyst Chris O'Cull reiterated a Buy rating on Wingstop and raised his price target on the shares to $110 from $100 ahead of this week's earnings report, saying he would expect the reaction to an earnings beat to be "relatively muted," with much of the market reaction focused on guidance. The analyst noted that a majority of respondents in his investor survey project Wingstop to beat the Street's EPS estimate of 17c, and the name is the most-favored idea for out-performance among SMID-cap restaurant companies. O'Cull added that he remains comfortable with Wingstop's SRS momentum continuing in 2020, and his recent channel checks indicate the system is on track to exceed Wall Street's Q1 SRS estimate of 8%.