Northcoast Research analyst Jim Sanderson upgrades $Wingstop (WING.US)$ to a buy rating, and sets the target price at $350.
According to TipRanks data, the analyst has a success rate of 68.4% and a total average return of 13.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Wingstop (WING.US)$'s main analysts recently are as follows:
Wingstop's Q3 results did not meet the heightened anticipations but still displayed remarkable strength with a 21% traffic-driven comparable sales increase, and the guidance for 2024 units was elevated, showing strong franchisee interest. The post-earnings decline is seen as a buying opportunity, highlighting Wingstop's sustained 40%-plus three-year stack comparable sales growth.
Wingstop's Q3 earnings per share shortfall was influenced by somewhat weaker comparable sales, reduced restaurant margins, and increased general/administrative expenses and taxes. Despite this, the underlying business momentum remains robust, and the long-term prospects have not been altered. However, the recent deceleration in comparable sales may constrain the stock's performance until there is a clearer sign of stabilization, considering the association between comparable sales and valuation.
The firm believes that the recent post-quarterly results downturn in Wingstop's performance is exaggerated. Analysts maintain that Wingstop stands out within the industry with the potential to outperform in transaction growth in the short, medium, and long term, regardless of the economic conditions. Additionally, it is anticipated that Wingstop's continuous outperformance in same-store sales growth will fuel superior unit economics, leading to a boost in unit growth and long-term EBITDA increases that surpass the management's existing long-term goals.
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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Northcoast Research分析師Jim Sanderson上調$Wingstop (WING.US)$至買入評級，目標價350美元。
根據TipRanks數據顯示，該分析師近一年總勝率為68.4%，總平均回報率為13.1%。
此外，綜合報道，$Wingstop (WING.US)$近期主要分析師觀點如下：
Wingstop的第三季度業績未達到高漲的預期，但仍表現出卓越實力，同店銷售增長21%，主要得益於客流量的增加，2024年的指引上調，顯示出強勁的特許經營商興趣。盈利發佈後的下降被視爲買入機會，突顯Wingstop持續增長超過40%的三年同店銷售增長。
Wingstop的第三季度每股盈利不及預期，受到較弱的同店銷售、降低的餐廳利潤率、增加的總部/行政費用和稅收的影響。儘管如此，基本業務勢頭仍然強勁，長期前景未受影響。然而，最近同店銷售的減速可能會限制股票的表現，直到出現更清晰的穩定跡象，考慮同店銷售和估值之間的關聯。
公司認爲最近季度業績下滑的Wingstop表現被誇大。分析師認爲，無論經濟狀況如何，Wingstop在行業中脫穎而出，有潛力在短期、中期和長期內在交易增長方面表現優異。此外，預計Wingstop在同店銷售增長方面持續表現優異，將推動優越的單位經濟表現，導致單位增長和長期EBITDA增長的提升，超過管理層現有的長期目標。
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