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Fly News Breaks for September 5, 2019
WING
Sep 5, 2019 | 08:57 EDT
As previously reported, Raymond James analyst Brian Vaccaro started Wingstop with a Market Perform rating. He has a "very favorable" view of the company's long-term franchised growth opportunity, but believes the stock is "price to perfection" as the current valuation seems to reflect very bullish expectations that comp sales will continue to exceed high expectations. He believe comps could moderate as Wingstop's advertising, digital and delivery initiatives are lapped through 2020, Vaccaro tells investors in his initiation note.
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