BMO Capital lowered the firm’s price target on Wingstop (WING) to $300 from $335 and keeps a Market Perform rating on the shares. The company’s Q4 EPS topped estimates thanks to favorable G&A and refranchising gain, but comps and restaurant margins fell short, the analyst tells investors in a research note. BMO has reduced its estimates and tempered its assumed multiple given comp deceleration, the firm adds.
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