DA Davidson starts Wingstop at Buy, sees significant stock upside

As previously reported, DA Davidson initiated coverage of Wingstop (WING) with a Buy rating and $330 price target The firm sees significant stock upside as Wingstop’s digital transformation accelerates following the recently completed rollout of Smart Kitchens to speed production, the upcoming launch of loyalty, and brand awareness improvement on increased marketing, the analyst tells investors in a research note. The firm adds it expects systemwide unit growth to continue at a mid-teens pace through 2030.