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Fly News Breaks for February 20, 2020
WING
Feb 20, 2020 | 08:46 EDT
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.
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