Wilsons joins growing chorus of Guzman y Gomez bulls

Stockbroker Wilsons Advisory is betting that Guzman y Gomez’s shares will rally more than 10 per cent over the coming year as its ambitious store rollout strategy fuels “significant and sustained earnings growth”.

Wilsons is the latest broker to initiate coverage on the much-hyped Mexican fast-food chain, with a 41-page report to clients. It’s slapped the shares with an “outperform” rating and a bullish 12-month price target of $31.98. That implies more than 10 per cent upside for the stock, which floated last month at $22 and closed Tuesday’s session at $27.49.