Wingstop just upgraded at BTIG, here's why - InvestingChannel

Wingstop just upgraded at BTIG, here’s why

BTIG upgraded Wingstop to Buy from Neutral with a $370 price target. The analyst cites the post-earnings selloff in the shares for the upgrade. The decline below $300 represents an attractive opportunity for long-term investors willing to look past the “hyper-analyzing over what guidance implies” for Q4 comps, the analyst tells investors in a research note. BTIG believes Wingstop has a strong brand with “ample resources to reaccelerate” same-store sales, including increased advertising, menu innovation with chicken sandwich or tenders, and promotions like the boneless bundle. It also believes management could at some point increase the royalty rate on new units to capture further earnings potential.

Related posts

Advisors in Focus- January 6, 2021

Gavin Maguire

Advisors in Focus- February 15, 2021

Gavin Maguire

Advisors in Focus- February 22, 2021

Gavin Maguire

Advisors in Focus- February 28, 2021

Gavin Maguire

Advisors in Focus- March 18, 2021

Gavin Maguire

Advisors in Focus- March 21, 2021

Gavin Maguire