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Fly News Breaks for February 20, 2020
WING
Feb 20, 2020 | 09:30 EDT
Loop Capital analyst Lynne Collier raised her price target on Wingstop to $118 and kept her Buy rating after its "modestly in-line" Q4 results, when adjusted for one-time G&A items and a higher tax rate. The analyst sees the company's 12.2% domestic comp growth as "impressive", meeting its pre-announcement levels from last month. Based on Wingstop's digital growth and the recent roll-out of 3rd party delivery, Collier believes that the company's industry-leading comp growth can be sustained.
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