|Over a week ago|
Wingstop added to Best Ideas List at Wedbush » 08:1503/2403/24/20
Wedbush analyst Nick…
Wedbush analyst Nick Setyan added Wingstop to his firm's Best Ideas List, lowered his price target on the shares to $85 from $100 and kept an Outperform rating on the shares. The analyst expects comparatively less sales declines than peers from an adverse COVID-19 impact. He also believes lower wing costs are poised to somewhat offset labor and other OpEx deleverage. Lastly, Setyan sees no liquidity or credit risks.
Microsoft, Alphabet among stocks in Wedbush's Shopping List » 08:0903/2403/24/20
MSFT, GOOG, GOOGL, AEO, AMD, ANF, ATVI, AZO, CMG, CRM, LOW, NKE, NVDA, WING
Following the past…
Following the past month's material market selloff, Wedbush has compiled a "Shopping List" of sorts, populated by each analyst's two top long-term ideas. The firm views these stocks as relatively "on sale," and all are names where it has particularly strong conviction around its long-term thesis, and also is confident about each company's balance sheet and ability to weather the storm, should this difficult healthcare/economic window prove longer-lasting. Among the names in the list are American Eagle (AEO), AMD (AMD), Abercrombie & Fitch (ANF), Activision Blizzard (ATVI), Autozone (AZO), Chipotle (CMG), Salesforce (CRM), Alphabet (GOOG), Lowe's (LOW), Microsoft (MSFT), Nike (NKE), Nvidia (NVDA), and Wingstop (WING).
|Over a month ago|
Wingstop price target raised to $118 from $100 at Loop Capital » 09:3002/2002/20/20
Loop Capital analyst…
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.
Wingstop price target raised to $113 from $104 at SunTrust » 08:4602/2002/20/20
SunTrust analyst Jake…
SunTrust analyst Jake Bartlett raised his price target on Wingstop to $113 and kept his Buy rating after its Q4 results, saying the company's "solid" EBITDA flow-through from "modest" levels of expected SG&A increase implies improving operating leverage. The analyst also points to the company's indication that its same-store-sales momentum seen in late 2019 has continued into 2020 with strong sales seen during the Super Bowl.
Wingstop price target raised to $90 from $83 at Jefferies » 06:1502/2002/20/20
Jefferies analyst Andy…
Jefferies analyst Andy Barish raised the firm's price target on Wingstop to $90 from $83 and keeps a Hold rating on the shares. The analyst expects the company's same-store-sales momentum to continue into 2020 but believes the current valuation already reflects another year of "premium growth."
Wingstop CEO: We have some of the best margins in the industry » 18:2802/1902/19/20
In an interview on…
In an interview on CNBC's Mad Money, Wingstop CEO Charlie Morrison said, "We are a brand in a category all by ourselves. Our brand has had success in any market we've entered." Morrison said the company has a great relationship with DoorDash where each of them benefits. When discussing growth opportunities, he noted, "We have 600 restaurants in our pipeline, there is room for growth. 90% of the restaurants we open come from existing franchises." Morrison finished by saying that he was "really excited" about the international opportunity as the brand is "taking off in Europe."
Wingstop price target raised to $110 from $105 at Wedbush » 15:1602/1902/19/20
Wedbush analyst Nick…
Wedbush analyst Nick Setyan raised the firm's price target on Wingstop to $110 from $105 and keeps an Outperform rating on the shares following the company's Q4 report, stating that he is not surprised that its initial 2020 guidance calls for "mid-single-digit" same-store sales growth although he sees drivers for high-single digit SSS growth. He also believes the company's margin expectations remain conservative, Setyan tells investors.
Wingstop sees FY20 mid-single digit domestic SSS growth » 07:3502/1902/19/20
Sees 10%-plus system-wide…
Sees 10%-plus system-wide annual unit growth. Additionally, the Company is expecting Selling, general and administrative costs for fiscal year 2020 of between $59.5 - $62.5M, and Adjusted SG&A, a non-GAAP measure, of between $42 - $45M.
Wingstop reports FY19 domestic SSS up 11.1% 07:3302/1902/19/20
Wingstop reports Q4 domestic SSS up 12.2% 07:3302/1902/19/20