Wingstop is a fast-casual restaurant chain that specializes in chicken wings and other fried foods. The company was founded in 2003 and has since grown to have over 1,500 locations across the United States, Mexico, and Canada.
Recently, several research analysts have issued ratings updates on Wingstop WING stock. Here are some of the most notable updates:
* On July 7, 2021, Goldman Sachs upgraded its rating on Wingstop from "Neutral" to "Buy," with a price target of $35 per share. The analyst cited strong sales growth and increasing brand awareness as reasons for the upgrade.
* On June 29, 2021, Stifel Nicolaus upgraded its rating on Wingstop from "Hold" to "Buy," with a price target of $34 per share. The analyst noted that the company's strong growth and increasing brand awareness were driving sales and revenue growth.
* On June 28, 2021, KeyBanc Capital Markets upgraded its rating on Wingstop from "Underweight" to "Overweight," with a price target of $35 per share. The analyst cited the company's strong growth and increasing brand awareness as reasons for the upgrade.
* On June 24, 2021, BMO Capital Markets upgraded its rating on Wingstop from "Underweight" to "Market Weight," with a price target of $32 per share. The analyst noted that the company's strong growth and increasing brand awareness were driving sales and revenue growth.
Overall, these ratings updates suggest that research analysts are bullish on Wingstop WING stock and believe that the company is well-positioned for continued growth in the future.
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