$Wingstop (WING.US)$ rose more than 10% Wednesday after restaurant chain beat analyst estimates for its Q1 earnings and revenues.
WING gained as much as 11.9% to a $258 intraday high after the company reported Q1 systemwide sales rose 15.7% increase to $1.3 billion, exceeding analysts' average estimate of $1.2 billion.
Q1 adjusted net income also came in at $28.32 million vs. analysts' estimate of $24.33 million.
Still, WING's stock price remained down some 10% for the year to date even with Wednesday's gains.
