Wingstop Inc. (NASDAQ:WING) reported better-than-expected Q4 results and reaffirmed guidance.
Wingstop reported fourth-quarter FY22 sales growth of 45.6% year-on-year to $104.87 million, beating the consensus of $100.90 million. Adjusted EPS of $0.60 beat the analyst consensus of $0.41.
Wingstop shares jumped 7.7% to close at $179.00 on Wednesday and lost 1% in pre-market trading.
These analysts made changes to their price targets on Wingstop after the company released quarterly results.
- Wedbush raised the price target on Wingstop from $177 to $200. Barcl Wedbush analyst Nick Setyan maintained an Outperform rating on the stock.
- Cowen & Co. boosted Wingstop price target from $180 to $200. Cowen & Co. analyst Andrew Charles maintained an Outperform rating on the stock.
- Barclays increased the price target on the stock from $167 to $205. Barclays analyst Jeffrey Bernstein maintained the stock with an Overweight rating.
- Stephens & Co. boosted Wingstop price target from $173 to $200. Stephens & Co. analyst Joshua Long maintained the stock with an Overweight.
- Citigroup increased Wingstop price target from $ $193 to $200. Citigroup analyst Jon Tower reiterated the stock with Action List Buy.
